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India's second-largest software services firm Infosys acquired US-based automation technology company Panaya with a deal of USD 200 million (over Rs 1,200 crore). This is the first major acquisition since Vishal Sikka has taken the charge of Infosys.

”Panaya’s Cloud Quality suite uniquely positions Infosys to bring automation to several of its service lines via an agile SaaS model, and helps mitigate risk, reduce costs and shorten time to market for clients,’’ the company said in an official statement on Monday morning.

“The acquisition of Panaya is a key step in renewing and differentiating our service lines. This will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important, strategic challenges faced by our clients,’’  Infosys CEO and Managing Director Vishal Sikka said in an official statement. ”Panaya’s proven technology helps dramatically simplify the costs and complexities faced by businesses in managing their enterprise application landscapes,” he added.

“We are excited about leveraging Infosys’ global reach, service footprint and broad customer base to deliver compelling, simplifying, value to clients. I am confident this integrated proposition will uniquely position Infosys as the services leader in the enterprise application services market.” CEO, Panaya, Inc. Doron Gerstel said.

Panaya was originally founded in 2005 in Israel and the company has clients like Mercedes Benz, Sony, and Unilever in its ranks. It was among the top 100 global tech start-ups in 2009 and the top 10 in Israel. And interestingly the company’s size is around 50 people only.

-Kannamsai