Infosys Acquires New Zealand’s Gen-i’s Software Solutions Business

The Australian and New Zealand units of Indian IT giant Infosys have acquired the software solutions business of New Zealand’s Gen-i for an undisclosed sum.

 

In a statement, Infosys said that it will take over 110 employees and contractors from Gen-i, which would raise its New Zealand staff strength to up to 150 people. It also plans to add 15-30 new hires soon.

 

Gen-i is the corporate information communication technology (ICT) arm of Telecom New Zealand. Since its inception in New Zealand about 18 months ago, Infosys has been studying the market to find the right strategic partner.

 

Infosys’ partnership with Gen-i has significant potential to further grow New Zealand-based technology jobs.

 

Last month, Infosys’ Chief Executive S. Gopalakrishnan told Reuters that the company is on the hunt for acquisitions in Europe and Japan in areas including healthcare and public services.

 

Several Indian technology players including Tata Consultancy Services (TCS) and Wipro have been looking for overseas acquisitions to boost growth amid growing competition from global rivals, and to reduce dependency on the US market