Infosys looking to buy

Infosys looks to acquisitions to expand presence in Asia and Europe. Consultancy companies also seen as a good fit for InfosysÆ expanding business.
November 10, 2000
Software services company Infosys is generally considered the flagship of the Indian IT sector. Established in 1981 by seven Mumbai engineers with an initial investment of $250, it has seen enormous growth that continues at an exponential rate. In the fiscal year ended March 2000, for example, its profits rose 102% to $61.34 million. 

It has until now stuck with an organic growth strategy, but co-founder and member of the board S. Gopalakrishnan says that this has changed and the company is now in acquisition talks with several companies whose identity it is not willing to reveal at this stage

We have not done any acquisitions in the past and thats why...

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