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Infosys invests $1.5 mn more in US data firm
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SME Times News Bureau | 23 Mar, 2018
Global software major Infosys Ltd on Thursday said it made a follow-on
investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a
US-based data discovery and data governance software firm.
"The
follow-on investment of $1.5 million has been made in cash through the
Infosys Innovation Fund," said the IT major in a regulatory filing on
the BSE.
The firm initially invested $4 million (Rs 26 crore) in the Delaware Corporation company in January 2016.
"Waterline
provides data scientists and business analysts a self-service data
catalogue to help discover, understand and provision data, and an
automated data inventory that enables agile data governance across
metadata, data quality and data lineage," it said in the filing.
The investment is expected to be completed by April 6.
With the combined investment, Infosys will have a minority holding, which is less than 20 per cent of Waterline's share capital.
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