Infosys invests $1.5 million in Waterline Data Science1 min read . Updated: 22 Mar 2018, 08:25 PM IST
The investment in Water Data Science has been made through the Infosys Innovation Fund
New Delhi: India’s second largest software services firm Infosys on Thursday said it has made a follow-on investment of $1.5 million (about Rs9.77 crore) in Waterline Data Science, a provider of data discovery and data governance software.
Infosys had made an initial investment of $4 million in the company in January 2016. The investment has been made through the Infosys Innovation Fund, it said in a regulatory filing.
The investment is expected to be completed by 6 April 2018, subject to necessary approvals, Infosys added.
Waterline Data Science provides a data inventory and cataloguing solution that helps business analysts and data scientists with data discovery and data governance.
On Thursday, Infosys shares fell 0.84%, or Rs9.80, to Rs1,158.80 on BSE while the benchmark Sensex lost 0.39%, or 129.91 points, to end the day at 33,006.27.