Infosys's stake in the data organisation platform developer, which has raised $24.5m, has been dissolved in an acquisition by Hitachi Vantara.

Hitachi Vantara, a subsidiary of electronics manufacturer Hitachi High-Technologies, has acquired Waterline, a US-based data management software provider backed by IT services firm Infosys.

Founded in 2013, Waterline Data provides machine learning-driven software that automatically sorts data stored across different locations within the client’s IT network.

The technology is designed to help meet data privacy regulations in cases where information is transferred from local computing systems to edge devices or cloud-based servers. Hitachi Vantara plans to integrate the platform with…