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Infosys concludes acquisition of WONGDOODY

Infosys has completed the acquisition of US-based WONGDOODY, for a total consideration of up to USD 75 million.

WongDoody is a US-based digital creative and consumer insights agency. It is headquartered in Seattle and has an office in Los Angeles. It has clients across industries like telecommunications, consumer electronics, healthcare and consumer packaged goods.

In a BSE filing the company stated, “Infosys has concluded the acquisition for a consideration up to USD 75,040,000 including conditional deferred consideration and employee retention amounts.”

Further it added, “Through this acquisition, Infosys enhances its digital experience services ecosystem with services ranging from strategy, design and user experience, to creative and digital marketing across the customer experience value chain.”

Read EquityPandit’s Technical Analysis of Infosys

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