Infosys explores acquisitions across English and non-English speaking nations

Submitted by cdas on Thu, 02/11/2010 - 16:00

Top Indian IT firm Infosys is contemplating making acquisitions in English and non-English speaking nations in Europe. According to Infosys CEO and Managing Director, Kris Gopalakrishnan, the IT major is in search of new acquisitions and its focus in on both English and non-English speaking nations.

A report published in The Economic Times in India says that Gopalakrishnan told reporters that his company is open to making acquisitions anyplace, including the United States. In addition, the IT major has decided to re-commence recruiting from campuses and intends to recruit approximately 15,000 new employees at its different centers across the globe.

Referring to discretionary expenditures, Infosys CEO and MD acknowledged the turnaround, but added that they were waiting to see the pace and measure of the rise in this regard. According to him, the financial firms are responsible for the economic recovery and they were now exploring the budding markets. He, however, emphasized that in order to make their mark in the emergent markets, it was essential for the company to innovate and come out with new products and services and this required discretionary expenditures.

In response to a query, Gopalakrishnan informed newspersons at the ‘NASSCOM India Leadership Forum 2010’ in Mumbai that Infosys has already submitted applications for 200 new patents and presently they were in various stages of dispensation. Gopalakrishnan also seemed to be optimistic of making Infosys’ presence felt in the Chinese outsourcing market, but, at the same time, emphasized that this required significant investment and achieving lots more in order to benefit from the market conditions prevailing in China. The Infosys CEO and MD stated that his company intended to have a long-standing presence in China and they were making endowments in the neighboring Communist nation with this objective in view. He hoped that they would be able to leverage the investments for an extended period in the future.