Infosys Buys Software Solutions Business Of Gen-I

Infosys Technologies Limited INFY, India's second-biggest software services exporter, reported that its Australia and New Zealand unit has acquired the software solutions business of Gen-I for an undisclosed amount. Infosys reported that it will take over 110 employees and contractors from Gen-i. "Since launching our first New Zealand office 18 months ago, we have been studying the market to find the right strategic partner," Infosys Australia & New Zealand Chief Executive Jackie Korhonen said. INFY shares gained 1.45% to close at $64.20 yesterday. Read more from Benzinga's Company news.