&w=3840&q=100)
Infosys completes ₹532 crore acquisition of Australia's The Missing Link
Infosys has completed its acquisition of the Australian cybersecurity services firm The Missing Link for AUD 98 million (about ₹532 crore), the company said in a filing to the Bombay Stock Exchange on Friday.
Infosys has acquired the firm in an all-cash deal through its wholly-owned subsidiary Infosys Singapore Pte Ltd, the filing said.
With this acquisition, Infosys aims to strengthen its cybersecurity capabilities, besides expanding its presence in the Australian market.
"The Missing Link brings to Infosys, a group of highly skilled cybersecurity professionals consisting of Red Team, Blue Team, and a state-of-the-art Global Security Operations Centre (GSOC) adding to the network of Infosys' global cyber defense centers. The Missing Link's accomplished cybersecurity practice provides strategic advice, offensive and defensive security services and tactical support, cybersecurity risk assessments & compliance, and managed services. Infosys is delighted to welcome The Missing Link and its leadership team," Infosys said in a press release.
"Together with The Missing Link, and Infosys Cobalt, Infosys aims to usher in the new wave of differentiated value to customers, with specialised end-to-end cybersecurity offerings and solutions," it added.
Founded in 1997, The Missing Link is a cybersecurity and cloud services specialist, delivering services across the entire spectrum of IT strategy, technology roadmap, project management, cybersecurity, risks assessments & mitigation and automation services. Infosys had announced last month that it was working on acquiring the Australian firm.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
6 hours ago
- Time of India
FinTech push: Infosys opens GIFT City centre for BFSI digital services; new hub to house over 1,000 employees in hybrid model
Infosys on Saturday announced the opening of its new development centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, marking a strategic expansion of its presence in India's premier international financial hub. Tired of too many ads? go ad free now The Bengaluru-based IT major said the facility will support more than 1,000 employees in a hybrid working setup and serve as a key TechFin hub delivering advanced digital solutions for global clients in the banking, financial services and insurance (BFSI) sector. 'This centre will offer a state-of-the-art facility for over 1,000 employees in a hybrid working model. It will function as a key TechFin hub, delivering advanced digital solutions for global BFSI clients,' Infosys said in a statement, as quoted an ET report. The centre will provide services in digital banking, capital markets, trade finance, regulatory and compliance functions, cards and payments, and risk management. It will also harness technologies such as AI, generative AI (GenAI), cloud, API, cybersecurity, and blockchain to enable cross-border digital solutions. According to the company, the GIFT City hub aligns with Infosys's global delivery strategy and strengthens its capabilities in delivering seamless tech-enabled financial services. 'Setting up our development centre in GIFT City is a strategic step aligned with our vision of leading innovation in financial services from within India's foremost international financial hub," said Jayesh Sanghrajka, chief financial officer, Infosys. Designed as a future-ready hybrid workplace, the centre will also focus on enhancing productivity and fostering collaboration, the company said.
Time of India
6 hours ago
- Time of India
Infosys sets up development centre in Gift City with 1,000 employees capacity
Infosys announced the inauguration of its new development centre at Gujarat International Finance Tec-City ( GIFT City ) in Gandhinagar on Saturday. "This centre will offer a state-of-the-art facility for over 1,000 employees in a hybrid working model . It will function as a key TechFin hub, delivering advanced digital solutions for global BFSI clients," Infosys said in a statement. Its services will span critical domains including digital banking, regulatory affairs, trade finance, capital markets, cards and payments, as well as risk and compliance management, it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo The centre will leverage the latest technologies, such as artificial intelligence (AI) and generative AI (GenAI), cloud computing, application programming interface (API), cybersecurity and blockchain, to deliver seamless cross-border digital services and enhance client proximity to strengthen India's position as a global financial technology powerhouse. The centre strengthens the Bengaluru-headquartered IT bellwether's global delivery model. Live Events 'Setting up our development centre in GIFT City is a strategic step aligned with our vision of leading innovation in financial services from within India's foremost international financial hub," said Jayesh Sanghrajka, chief financial officer, Infosys. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The centre is designed as a future-ready hybrid workplace, focusing on enhancing productivity and building social capital among other things.
Time of India
6 hours ago
- Time of India
Gujarat chief minister inaugurates Infosys development centre at GIFT City
Ahmedabad: Gujarat chief minister Bhupendra Patel on Friday inaugurated a new Infosys development centre at GIFT City, Gandhinagar, built with an investment of Rs 32 crore. The facility will focus on fintech-driven solutions leveraging artificial intelligence, data analytics, blockchain, and cloud technologies. With a target to employ at least 1,000 professionals, the centre aims to provide advanced digital infrastructure and develop AI-powered tools for global financial institutions, including solutions for digital payments, smart contracts, and asset tokenisation, according to the state govt. "Gujarat is committed to building a robust AI ecosystem. We are poised to lead India's transition into a knowledge-based economy. The establishment of an AI Centre of Excellence in GIFT City would foster collaboration among professionals, experts, and startups," said Patel. Gujarat has actively promoted AI, semiconductor, and electronics sectors and is ready to emerge as a global soft power, the CM explained. Last month, Chennai-headquartered tech giant Cognizant also opened its techfin centre in GIFT City, Gandhinagar, which is also home to giants like Bank of America, Google, and IBM, among others. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Infosys CEO Jayesh Sanghrajka highlighted the company's four-decade journey and its global presence across 56 countries, supported by a workforce of over 3.2 lakh. He noted that Infosys was consistently recognised as one of India's best workplaces, especially for women.
