Infiosys announced it was buying Europe-based Salesforce consultant Fluido for an undisclosed sum.
The acquired company has over 240 specialists and offices in Finland, Denmark, Sweden, Norway and Slovakia.
Salesforce is a low-cost alternative to customer relationship management software from the likes of Oracle and SAP, and is preferred by smaller organizations and those that prefer to scale their software as they expand.
It is also more convenient for on-the-field employees as it works on a cloud-computing model, and can be accessed from any mobile or computing device anywhere. Salesforce.com is credited with kicking off the cloud-computing revolution in enterprise software.
Infosys already has a substantial Salesforce.com team that helps companies move to the cloud.
“Both Fluido and Infosys are important partners in the Salesforce ecosystem that are each driving outstanding customer experiences by utilizing the world’s leading CRM platform,” said Tyler Prince, EVP, Industries and Partners, Salesforce.
“Together, their combined expertise will further drive our customer’s digital transformations across industries in the Nordics and European market.”
The acquisition of Fluido is expected to close during the third quarter of fiscal 2019, subject to customary closing conditions.
According to Infosys, Fluido, is one of the largest and longest tenured independent Salesforce Platinum Consulting Partners in Europe and an Authorized Salesforce Training Delivery partner in the Nordics.
“Fluido elevates Infosys’ presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture,” it said.
The eight-year-old European firm has customers from manufacturing, energy, retail and telecommunications, and provides services ranging from strategy consulting to implementation and training.
“Fluido will be an important addition to the Infosys family, bringing a unique combination of market presence, deep salesforce expertise, agile delivery and training,” said Ravi Kumar, President and Deputy COO, Infosys.
“This acquisition also aligns to our efforts to invest in local capabilities in the regions in which we operate.”
The emergence of cloud-computing solutions has been credited with changing the nature of IT services business.
Instead of multi-billion dollar deals lasting for several years, cloud computing has forced Indian outsourcing companies to adapt to deals that are in the tens of millions of dollars in size and last only for a few months.