Infosys doubles down on investment in cloud as demand surges post pandemic

Bengaluru: Infosys Ltd is doubling down on investment in its cloud business as it witnesses a surge in demand, with clients opting for remote working solutions, new business models, and business continuity plans in the post-pandemic era, a top executive said.

On Monday, Infosys entered into a definitive agreement to acquire Europe-based GuideVision for up to €30 million to augment its Cobalt portfolio of cloud services and to further strengthen near-shore delivery presence in the European region.

“Cloud has been gaining ground in the last 2-3 years as it helps bring agility to business and reduce costs, but the pandemic has further accelerated the demand,” Narsimha Rao Mannepalli, executive vice-president and head of cloud and infrastructure solutions, Infosys, said in an interview.