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.
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