Infosys has made its second largest acquisition of the year

Earlier during the day, we told you how Infosys is slowly yet steadily moving on a progressive path. And now, we have heard another big news about the software firm. It has acquired e-commerce services provider Skava for $120 million. This is the second largest acquisition from Infosys this year; earlier the company had bought Israel-based automation solutions startup Panaya for $ 200 million.

In a statement posted on their website, Infosys said it completed the acquisition of Kallidus Inc, which is the holding group behind Skava, and its affiliate on Thursday.

"The acquisition is in accordance with the terms set out in the agreement announced on April 24, 2015. The acquisition of Skava is part of Infosys' strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas," Infosys said on its website.

Infosys chief Vishal Sikka has outlined plans and even formed a committee to aggressively pursue acquisitions as part of his vision to make Infosys a $20-billion company by 2020. Sikka wants acquisitions to generate at least $1.5 billion of annual revenue, as part of the strategy. And it seems, the company is headed in the right direction.

(image credits: infotechlead.com)