As a result of the $22.9 million deal, announced Thursday, Expert will now be called Infosys Technologies (Australia), the companies said. Expert has been providing service to midsize and large businesses in the Australian market, with most of its revenue coming from the telecommunications industry. Its clients include telecom provider Telstra, which has outsourced work to Infosys in the past. Expert has 330 employees.
This is the first acquisition by Bangalore, India?based Infosys. The services company is rated among the country's top software and services exporter. In the U.S. market,design, build and maintain large business software applications such as integrated merchandising solutions and Web-based broker trading technologies. The company also provides IT consulting services.
Most leading Indian software companies have been focused on the North American and European markets. However, the slowdown in the U.S. market and problems relating to visas are making them look seriously at other markets.
"Australia is a very important market for us, and this transaction reaffirms our commitment to this market by significantly enhancing our local presence," K. Dinesh, who was named chairman of the acquired company, said in a statement. "Our global delivery model, combined with the service capabilities of Expert, will enable us to be a premier player in the growing Australian market."