AFP
Bangalore: Infosys Technologies will soon be making a bid for Paris-based European consulting company Capgemini though the company is being tight lipped for the moment and is refraining from making an official statement with details on the proposed investment.
The Bangalore-based company will use cash reserves amounting to $1.5 billion (Rs6,000crore) to fund the bid.
This would be in line with the company’s plans to gain a sharper edge in the global information technology market as it competes with firms like IBM and Accenture.
The planned purchase of Capgemini, a company with more than three times Infosys’ annual sales, will “significantly increase credibility, enhance branding and push the revenue figures,” according to an unnamed industry analyst.