Infosys Acquires SaaS Provider Panaya In Deal Valued At $200M — techcrunch.com

Consulting and IT services provider Infosys announced today that it will acquire Panaya, an enterprise resource planning (ERP) software company. Worth an enterprise value of about $200 million, the deal is expected to close by the end of March. Infosys, which is based in Bengaluru, India, said that it will integrate technology from Panaya’s CloudQuality suite to bring automation to some of its software. CloudQuality helps businesses test changes to SAP, Oracle EBS, and Salesforce software by identifying functions that might break and providing potential solutions including code corrections.

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