Software major Infosys has shortlisted 20 acquisition targets and will look at closing a few of the deals after evaluation over 12 to 24 months, Business Standard reported.

Infosys CEO Salil Parekh told the newspaper that the company is ramping up its organic pay methods to expand in the digital space in North America, UK and Australia.

"We have a clear idea of where we want to grow ... and if we see something fit into that requirement and we can explain it to ourselves, the board and the market, those will be done," Parekh told the paper.

When Parekh had joined the company, he had clearly stated his intentions of announcing two acquisition deals and one joint venture.

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