Infosys has agreed to pay $250m for sales services provider Simplus, which had raised more than $40m in funding from backers including Salesforce Ventures.
Simplus, a US-based quote-to-cash services provider backed by customer relationship management (CRM) software producer Salesforce, has agreed to an acquisition by IT services firm Infosys.
The companies did not confirm the size of the deal but Times of India cited a regulatory document stating the transaction consists of $200m upfront and an additional $50m in employee incentives and retention payments linked to certain milestones over three years.
Founded in 2014, Simplus provides cloud consulting, implementation, data integration, change management and…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
