Infosys completes acquisition of US-based Wongdoody
Thursday, May 31, 2018 IST
Infosys today said it has completed acquisition of US-based digital marketing and consumer insights firm Wongdoody for nearly $75 million.
The Indian IT services major had during recent quarterly results announced its decision to acquire this agency as it would look to enhance capabilities to offer services to clients who are increasingly shifting their engagement with customers on smartphones.
“Through this acquisition, Infosys enhances its digital experience services ecosystem with services ranging from strategy, design and user experience, to creative and digital marketing across the customer experience value chain. Infosys further expands its worldwide network of Digital Studios that are fulfilling the needs of global clients for comprehensive digital transformation solutions required to meet customer demand,” said the company in a statement.
Wongdoody has studios in Seattle and Los Angeles.
Infosys said it has concluded the acquisition “for up to $ 75.04 million including conditional deferred consideration and employee retention amounts”.
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