Infosys to acquire London’s Brilliant Basics for USD9.7m
Global IT outsourcing and software firm Infosys is paying about USD9.7m to acquire Brilliant Basics Holdings, a London-based digital studio, in an all-cash deal. The acquisition, which includes employee retention, is expected to close in the July-September quarter. Brilliant Basics is a four-year-old management-owned British firm’s customer experience studio known for its design thinking-led approach. In a filing on the Bombay Stock Exchange, Infosys said the acquisition of Brilliant Basics represents its commitment to expand its network of digital studios, which are focused on fulfilling the needs of global clients for digital transformation solutions.
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