Infosys has announced that it would acquire product design and development firm, Kaleidoscope Innovation for up to $42 million. Kaleidoscope is a US-based firm and would bring to Infosys a diverse talent pool with extensive knowledge of design and engineering.
The Kaleidoscope Innovation provides design and development across medical, consumer and industrial markets for making smart products. Kaleidoscope designs microsurgical instruments, used in invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables.
Important takeaways for all competitive exams:
- Infosys CEO: Salil Parekh.
- Infosys Headquarters: Bengaluru, Karnataka.