Infosys Eyes At Acquisitions Overseas

Infosys, the country''s second-largest software and services firm, is looking at buyout aims in Japan, Australia, Europe and the US. The preferred merger and acquisition (M&A) size will be between $300-500 million, said Kris Gopalakrishnan, CEO of Infosys. The top management says the company will look M&As in consultancy, products, package implementation and BPO. They are looking at a number of deals in the range of $300-500 million outside India. Infosys is carefully choosing its target companies from the strategic point of view besides ability to retain employees. Infosys is clearly high on an oriental play as only 3 per cent of its revenues comes from Japan, which it wants to significantly ramp up.