"This will enhance consulting and system integration practice of Infosys. Infosys has been looking for acquisition from a long time to strengthen its presence in Consulting and Package Implementation domain," broking firm Prabhudas Lilladher's Senior Research Analyst Shashi Bhusan said.
After it was outbid by smaller local rival HCL Tech to buy UK-based enterprise software consulting firm Axon Group in 2008, Infosys has been steadily building its consulting business on its own. It has since then organically grew its C&SI revenue to $525 million, Bhusan added.
Shibulal said the deal will significantly enhance global presence of Infosys, particularly in continental Europe and emerging markets like Latin America and Asia Pacific.
Infosys was at the receiving end of criticism after missing its own revenue guidance for April-June quarter and lost its position as country's second largest software to Cognizant even as rivals like TCS boosted their businesses with multiple buyouts.
Analysts have blamed unwillingness of Infosys-- which had $3.7 billion in cash at the end of June quarter-- to go in for buyouts as one of the main reasons for the slower growth.

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