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Infosys Ltd has announced investing $4 million in Cloudyn, an Israeli corporation, providing software as a service (SaaS) solutions for the management and optimization of hybrid, multi-cloud deployments.
“Cloudn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth.
The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US. The investment is expected to be completed on August 15.
Incidentally, Infosys investment in Cloudyn comes two days after its rival Wipro Enterprises’ infrastructure engineering division announced on August 1 buying an Israeli-based aerospace firm HR Givon for an undisclosed amount.