financetom
Business
financetom
/
Business
/
Infosys' Blue Acorn buy: Small price for good capability, says Edelweiss
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Infosys' Blue Acorn buy: Small price for good capability, says Edelweiss
Oct 8, 2020 4:25 AM

Infosys is set to acquire Blue Acorn iCi Group for USD 125 million. Infosys said the company is an industry leader in digital, customer experience, commerce as well analytics. The acquisition price is about 2.8 times trailing sales.

According to Sandip Agarwal of Edelweiss Securities it is an inexpensive price to pay for the capabilities that the Infosys will get.

Watch video for more.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EU regulator reviews anti-baldness drugs over concerns of suicidal thoughts
EU regulator reviews anti-baldness drugs over concerns of suicidal thoughts
Oct 4, 2024
Oct 4 (Reuters) - The European drugs regulator said on Friday it was reviewing anti hair-loss drugs, including Organon's Propecia and its generic versions, over the risks of suicidal thoughts. The European Medicines Agency said it would recommend whether the marketing authorisations for the drugs should be withdrawn, suspended or maintained across the region following its review. Oral anti-baldness drugs...
Rivian Automotive May Not Reach Positive Gross Margin This Year Over Component Shortage, Truist Says
Rivian Automotive May Not Reach Positive Gross Margin This Year Over Component Shortage, Truist Says
Oct 4, 2024
09:08 AM EDT, 10/04/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) may not achieve positive gross margins by the end of the year if its shortage issue doesn't improve soon, Truist Securities said Friday in a note, in response to the automaker cutting its 2024 production targets amid a component shortage affecting its R1 and RCV units. While a...
Outcrop Silver Closes $5 Million Private Placement Financing With Eric Sprott
Outcrop Silver Closes $5 Million Private Placement Financing With Eric Sprott
Oct 4, 2024
07:46 AM EDT, 10/04/2024 (MT Newswires) -- Outcrop Silver & Gold ( OCGSF ) overnight Thursday said it has closed a non-brokered private placement, raising $5 million that will be used to develop the Santa Ana project in Colombia. The company issued 22.73 million units at $0.22 each, all of which were acquired by mining magnate Eric Sprott. Each unit...
Meta, challenging OpenAI, announces new AI model that can generate video with sound
Meta, challenging OpenAI, announces new AI model that can generate video with sound
Oct 4, 2024
NEW YORK, Oct 4 (Reuters) - Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. (Reporting by Katie Paul in New York; Additional reporting by Dawn...
Copyright 2023-2026 - www.financetom.com All Rights Reserved