Infosys to acquire Panaya for $200 million

Infosys is acquiring Panaya, of the US, which provides automation technology, for $200 million. The California-headquartered Panaya offers cloud-based services for large-scale enterprise software management has clients such as GE, Coca-Cola, Mercedes-Benz, Apple and Johnson & Johnson and has so far raised about $59 million from private equity players.