IT major Infosys Technologies announced to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe.
Infosys GuideVision deal size is to be around €30 million, equivalent to INR 262 Crores. The acquisition is expected to close somewhere in Q3 2021, subject to regulatory approval.
GuideVision offers strategic advisory, consulting, implementations, training, and support on the ServiceNow platform. ‘ServiceNow’ is one of the fastest-growing software companies and famous for its cloud computing platform, helping companies manage their digital workflows and workflow standard for enterprise operations.ServiceNow offers Software-as-a-Service (SaaS) and Platform-as-a-service (PaaS) which is a cloud ecosystem for the management of enterprise workflows. It can also be used to implement automation for normal business tasks.
GuideVision created SnowMirror, a data replication tool for ServiceNow instances. According to Infosys, SnowMirror will be added to the organization’s Cobalt portfolio as part of the GuideVision acquisition agreement.
GuideVision allows over 100 enterprise clients to simplify their complex business and IT processes. GuideVision presence in the Czech Republic, Hungary, Poland, and Germany, and Finland will strengthen Infosys’ ServiceNow capabilities for its Europian clients.
According to Ravi Kumar, President, Infosys
“GuideVision acquisition is an important milestone in Infosys’ journey to build capabilities relevant to the digital priorities of our clients. The firm is growing in the ServiceNow ecosystem. The combination of scalable and agile nearshore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements our effort to help global enterprises navigate their next. We are excited to welcome GuideVision and its leadership team into the Infosys family.”
Established in 2014, GuideVision is headquartered in Prague, Czech Republic, and reported revenue of 12.9 million euros in 2019.
Infosys Ltd is continuing to invest in its cloud and Digital business as it witnesses a surge in demand, with clients opting for remote working solutions, business continuity plans, and becoming digitally mature in the post-COVID-19-pandemic era.