Infosys looking for acquisitions
Infosys, which last year opted out of the race to buy UK-based Axon Group PLC after it was outbid by smaller rival HCL Technologies Ltd., has been looking for acquisitions to lower its dependence on the US and the banking and financial services industry, which have been the worst hit by the global crisis.
Infosys, India's second largest IT services company has completed the acquisition of Lodestone Holding, a Switzerland-based management consulting firm it had announced to acquire last month.