New Delhi, April 17: Indian IT services giant Infosys has announced a definitive agreement to acquire Australian cybersecurity services provider, The Missing Link, for a total consideration of up to 98 million Australian dollars (approximately ₹532 crore) in an all-cash deal.

According to the company’s stock exchange filing, the acquisition will be executed through Infosys Singapore Pte. Ltd., a wholly owned subsidiary of Infosys. The transaction is expected to be completed in the first quarter of the current financial year (2025-26), between April and June.

As per agency report, the total cost of the acquisition includes an upfront payment along with an earn-out component that will be based on the future performance of the acquired company. The deal excludes any management incentives and retention bonuses.

Infosys stated that the acquisition will enhance its cybersecurity capabilities and further strengthen its presence in the fast-growing Australian market.

Chennai, Jan 11 (IANS) Software major Infosys Ltd on Thursday said it will acquire InSemi, a semiconductor design and embedded services provider, for Rs 280 crore.

In a regulatory filing, Infosys said the acquisition of Rs 153.6 crore revenue InSemi is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions.

"Consideration including earn-outs, and management incentives, and retention bonus totaling up to INR 280 crores subject to customary closing adjustments," Infosys said.

The Bengaluru headquartered InSemi has a headcount of over 900 persons.

New Delhi, Sep 15 (IANS) IT major Infosys is the only Indian company featured in the TIME Magazine’s top 100 ‘World’s Best Companies 2023’ list, dominated by Big Tech.

The Bengaluru-based professional services firm has been ranked 64th spot in the top 100 list.

“Infosys has been featured in TIME World’s Best Companies 2023 list. We are among the top 3 global professional services firms and the only brand from India in the Top 100 global rankings,” the company said in a post on X (formerly Twitter).

The list, curated by TIME and Statista, is dominated by global Big Tech companies like Microsoft, Apple, Alphabet (Google’s parent company) and Meta Platforms which were the top four companies on the list.

Other top companies in the coveted list are Accenture, Pfizer, American Express, BMW Group, Dell Technologies, Louis Vuitton, Delta Air Lines, Starbucks, Volkswagen Group, General Motors, Ford and others.

The list is based on a formula of revenue growth, employee-satisfaction surveys, and rigorous environmental, social, and corporate governance (ESG, or sustainability) data. Big Tech had a tough year, laying off tens of thousands of workers since January.

But the world’s biggest tech companies are also the ones doing best for investors, employees, and the planet.

“Microsoft, for example, the top company in the global rankings, made $72 billion in its most recent fiscal year, a 63 per cent increase from 2020, while also reducing overall emissions by 0.5 per cent,” said TIME.

Accenture, based in Dublin, had the highest ESG ranking of any company on the list.

“The rankings show just who dominates the world economic order, with fast-moving tech and business-services companies unseating the manufacturers and consumer-goods companies that once drove the global economy,” the magazine said.

Bengaluru, June 20 (IANS) Infosys Co-founder and Chairman Nandan Nilekani has donated Rs 315 crore ($38.5 million) to his alma mater, Indian Institute of Technology (IIT) Bombay.

Nilekani earlier contributed Rs 85 crore to the institute, bringing the cumulative value of his support to Rs 400 crore.

The memorandum of understanding was formally signed in Bengaluru on Tuesday by Nilekani and professor Subhasis Chaudhuri, Director, IIT Bombay.

"IIT Bombay has been a cornerstone in my life, shaping my formative years and laying the foundation for my journey. As I celebrate 50 years of my association with this esteemed Institution, I am grateful to give forward and contribute to its future," said Nilekani, also the founding chairman of the Unique Identification Authority of India (UIDAI).

"This donation is more than just a financial contribution; it is a tribute to the place that has given me so much and a commitment to the students who will shape our world tomorrow," he added.

Nilekani joined IIT Bombay in 1973 for a bachelor's degree in electrical engineering.

"This historic donation will significantly accelerate the growth of IIT Bombay and will firmly set it on a path of global leadership. IIT Bombay is committed to building research and academic excellence that can make India a leader in scientific discovery and its translation towards solving the pressing challenges facing humankind," said Chaudhuri.

Over the last 50 years, Nilekani has stayed connected with the Institute in multiple roles.

He served on the Board of the IIT Bombay Heritage Foundation from 1999 to 2009 and was on the Board of Governors from 2005 to 2011.

He was awarded the prestigious Distinguished Alumnus Award in 1999, followed by an Honorary Doctorate in 2019 as part of the 57th convocation of IIT Bombay.

IIT Bombay aims to set up world-class centres of excellence in strategic areas such as artificial intelligence, green energy, quantum computing and others, nurturing a deep tech start-up ecosystem, and providing best-in-class research, living, and academic facilities to students and faculty.

Ahmedabad, April 2 (IANS) Infosys co-founder Narayana Murthy on Sunday said he feels bad that he invited his mother to visit Infosys only when she was dying.

He said this after launching a biography on the life and times of Madan Mohanka, an entrepreneur and Indian Institute of Management Ahmedabad (IIM-A) alumni.

The book, titled: "I Did What I Had To Do", was authored by Anjana Dutt, an advertising professional, and details Mohanka's rise to success and the belief systems that paved the way for his meteoric journey. The event took place in Ahmedabad.

In his speech, Murthy praised Mohanka's story, saying that it provides valuable insights and inspiration for aspiring entrepreneurs as well as business leaders.

He said, "A man who believes in action, his biography is aptly titled 'I Did What I Had To Do' and I thoroughly enjoyed reading about his life, his business acumen and his dedication to education for the disadvantaged."

When asked about his own leadership journey, Murthy credited Mahatma Gandhi as his inspiration, saying, "He believed that whenever you take a decision, think of the poor people who will get affected by that decision."

He then went on to speak about his experience in building Infosys, a global leader in consulting and IT services, in the 1990s. He described how he used to take only 1/10th of his salary and give 20 per cent extra to his junior colleagues, leading by example and instilling a sense of responsibility among his team.

Murthy stressed the importance of humility, saying, "There were people smarter than me in my college and later in my industry, but humility is something that helped me soar in my career. Always have your feet on the ground."

Murthy also shared one thing he feels bad about, "I feel bad that I invited my mother to visit Infosys only when she was dying. I was so busy building Infosys."

Murthy also shared his thoughts on the importance of faculty members understanding industry happenings, stating that management is all about utilising resources to achieve a certain objective. "Faculty members can also help CEOs in building a better company," he said.

Mohanka, born in 1943, is an octogenarian who has witnessed post-liberalisation India and has contributed significantly to the country's growth as a financial capital of the world.

The book, based on extensive interviews with Mohanka and his family, friends, classmates, and colleagues, provides insights into his early life, the impact of his learnings at IIM-A, his entrepreneurial genius, his decision-making abilities in times of crisis, and the value systems that helped him overcome the challenges he faced along the way.

Bengaluru/Mumbai: The Board of Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, on Saturday announced Mohit Joshi as the MD and CEO designate of Tech Mahindra.

The announcement comes on the heels of Mohit Joshi, the President of tech giant Infosys putting in his papers.

Infosys, in its official communication to stock exchange stated, that Joshi will be on leave and his last date with the company would be on June 9.

Joshi will take over as Tech Mahindra MD and CEO when incumbent CP Gurnani retires on December 19, 2023. He will join Tech Mahindra well before that date to allow for sufficient transition time.

Commenting on his appointment, Joshi said, "Tech Mahindra's growth journey has been remarkable. I am delighted to be joining the Tech Mahindra family and look forward to working closely with all the associates, partners, and customers to achieve new milestones, make a positive difference and #Risetogether."

T. N. Manoharan, Chairperson of the Tech Mahindra NRC said, "Mohit's appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of internal and external candidates. Mohit's experience with digital transformation, new technologies and large deals will complement Tech Mahindra's strategies and continue to build on the strong growth momentum demonstrated by the company".

Mohit Joshi has over two decades of experience in the Enterprise technology software and consulting space and has worked with the largest corporations in the world in driving digital transformation and building thriving businesses.

Sources in Infosys claimed that his absence will create a vacuum in the company. Joshi had joined Infosys in 2000 and worked with the firm in many capacities.

He was playing an important role at Infosys in connection with financial services, healthcare and life sciences businesses. Infosys management tried its best to retain him but the efforts could not materialise.

Joshi handled Infosys's internal technology and applications portfolio. He led a financial services business in Europe. In 2007, he was appointed as CEO of Infosys Mexico and he played a role in setting up the first subsidiary in Latin America.

At Infosys, he was Head of the Global Financial Services and Healthcare and the Software businesses, which included Finacle (the banking platform) and the AI / Automation portfolio.

Joshi also led Sales Operations and Transformation for Infosys and executive responsibility for all large deals across the company. He was also responsible for the companya's internal CIO function and the Infosys Knowledge Institute.

He has been a Non-Executive Director at Aviva Plc since 2020 and is a member of its Risk & Governance and Nomination committees.

In 2014, Mohit Joshi joined the prestigious Young Global Leader program at the World Economic Forum, Davos and is also a member of Young Presidents Organization (YPO). Previously, Mohit has also held the office of the Vice Chair of the Economic Growth Board of the CBI (Confederation of British Industry).

Prior to joining Infosys in 2000, Mohit worked with ABN AMRO and ANZ Grindlays in their Corporate and Investment bank. Mohit has lived and worked in Asia, America and Europe and currently lives with his wife and two daughters in London.

Panaji, Feb 16 (IANS) Akshata Murthy, the wife of UK Prime Minister Rishi Sunak, their two daughters and her parents - Infosys founder Narayan Murthy and author Sudha Murty - were spotted holidaying at Benaulim beach in south Goa, recently.

A local, Francisco Fernandes, known as Pele, feels himself lucky to provide water sports services to Murthy's family at Benaulim beach for two days.

Speaking to IANS, Pele said that Akshata Murthy and her family were so simple and down to earth that he was shocked to notice it.

"My doctor friend and her wife were on the beach when this family was interacting with me. She (doctor's wife) asked me 'Pele do you know whom you are talking to, she is the wife of UK's Prime Minister'. I was shocked as they were very simple and down to earth," Pele said.

"First day they enjoyed the 'Jet Ski' ride and the second day, I took them for a boat ride. I showed them dolphins in the sea. They were very much happy," Pele, who also has a water sports business, said.

"UK Prime Minister's wife asked me, is water sports safe in Goa? I told her, 'Ma'am, it is 100 per cent safe and I will keep you and your family safe if they wish to enjoy water sports," he said.

"I told her that there are many Goans living in the UK and I want her to see that they are safe too. She replied 'done'. I was so happy at that time. She was very down to earth," Pele said.

"I am very much happy on their visit to Benaulim. They are so rich, but down to earth. God bless them and give them good health to protect the people of the UK," Pele said.