PR86002

BENGALURU, India and RALEIGH, N.C., Oct. 8, 2020, /PRNewswire=KYODO JBN/

    Leading Adobe, Salesforce Commerce & Shopify Partner, further strengthens

Infosys' digital capabilities across North America

    Infosys [https://www.infosys.com/ ] (NYSE: INFY), a global leader in

next-generation digital services and consulting, today announced a definitive

agreement to acquire Blue Acorn iCi [https://www.blueacornici.com/ ], Adobe

Platinum partner in the US, and a leader in digital customer experience,

commerce and analytics. The move further strengthens Infosys' end-to-end

customer experience offerings and demonstrates its continued commitment to help

clients navigate their digital transformation journey.

    Blue Acorn iCi is an award-winning digital customer experience company.

It brings to Infosys significant cross-technology capabilities through the convergence

of customer experience, digital commerce, analytics, and experience driven commerce

services. With services that include strategy, analytics, design, and engineering,

Blue Acorn iCi elevates marquee global brands across industries from Media,

Consumer Goods & Retail, to Financial Services, Manufacturing and Technology.

    Together with Infosys' earlier acquisition of WONGDOODY [https://www.infosys.com/newsroom/press-releases/2018/acquire-creative-consumer-insight-agency.html ] that offers creative and marketing services, BlueAcorn iCi brings complimentary

capabilities to help global CMOs and businesses thrive in a digital commerce

world. This acquisition further deepens Infosys' capabilities in the Adobe,

Magento, Salesforce Commerce and Shopify ecosystems.

    With over a decade-long track record of building digital content and

commerce experiences for Fortune 500 brands, Blue Acorn iCi has attained the

unique position of being among the first ever Adobe Platinum Partners with AEM

& Magento Specializations while also receiving the 2020 Emerging Solution

Partner of the Year award in the Americas.

    Ravi Kumar S, President, Infosys, said, "We are focused on partnering with

global brands and CMOs to help them navigate their digital experience and

commerce challenges. The Blue Acorn iCi acquisition is another important

milestone in Infosys' journey to build capabilities relevant to the digital

priorities of our clients and reaffirms our commitment to the Adobe ecosystem.

We are excited to welcome Blue Acorn iCi and its leadership team into the

Infosys family."

    "We have spent a decade refining our approach to building iconic,

user-centric experiences for some of the world's most beloved brands, and our

entire team is excited to embark on this new journey of growth with the Infosys

family," said Greg Boone, Co-CEO of Blue Acorn iCi.

    Chris Guerra, Co-CEO of Blue Acorn iCi added, "By becoming a part of the

Infosys family, Blue Acorn iCi will be able to better serve our clients and

their customers as we elevate our scale, technical acumen, global reach,

creative capabilities & consumer insight expertise.  Together, we will be able

to offer unrivaled services and insights to help companies become the new

leaders of digital experience & commerce."

    Investment Bank CG Petsky Prunier, part of Canaccord Genuity, advised Blue

Acorn ICI on the transaction.

    The acquisition is expected to close during the third quarter of fiscal

2021, subject to customary closing conditions.

    Adobe and the Adobe logo are registered trademarks or trademarks of Adobe

in the United States and/or other countries.

    Salesforce is a trademark of salesforce.com, inc.

    Shopify is a trademark of Shopify Inc.

    About Blue Acorn iCi

    Born from the minds of engineers, data scientists, digital commerce

experts, designers, and strategists, Blue Acorn iCi is the leading independent

digital customer experience company. We work with executives responsible for

the growth of Fortune 500 brands (and those who aspire to enter the Fortune

500!) who want to get more out of their digital customer experience. Through

the strategic fusion of content management, commerce & analytics, our teams

solve problems and deliver results leveraging our deep expertise in strategy,

experience design, engineering and DTC services. For more information please

visit www.blueacornici.com.  

    About Infosys

    Infosys is a global leader in next-generation digital services and

consulting. We enable clients in 46 countries to navigate their digital

transformation. With nearly four decades of experience in managing the systems

and workings of global enterprises, we expertly steer our clients through their

digital journey. We do it by enabling the enterprise with an AI-powered core

that helps prioritize the execution of change. We also empower the business

with agile digital at scale to deliver unprecedented levels of performance and

customer delight. Our always-on learning agenda drives their continuous

improvement through building and transferring digital skills, expertise, and

ideas from our innovation ecosystem.

    Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your

enterprise navigate your next.

    Safe Harbor

    Certain statements in this release concerning our future growth prospects,

financial expectations and plans for navigating the COVID-19 impact on our

employees, clients and stakeholders are forward-looking statements intended to

qualify for the 'safe harbor' under the Private Securities Litigation Reform

Act of 1995, which involve a number of risks and uncertainties that could cause

actual results to differ materially from those in such forward-looking

statements. The risks and uncertainties relating to these statements include,

but are not limited to, risks and uncertainties regarding COVID-19 and the

effects of government and other measures seeking to contain its spread, risks

related to an economic downturn or recession in India, the United States and

other countries around the world, changes in political, business, and economic

conditions, fluctuations in earnings, fluctuations in foreign exchange rates,

our ability to manage growth, intense competition in IT services including

those factors which may affect our cost advantage, wage increases in India, our

ability to attract and retain highly skilled professionals, time and cost

overruns on fixed-price, fixed-time frame contracts, client concentration,

restrictions on immigration, industry segment concentration, our ability to

manage our international operations, reduced demand for technology in our key

focus areas, disruptions in telecommunication networks or system failures, our

ability to successfully complete and integrate potential acquisitions,

liability for damages on our service contracts, the success of the companies in

which Infosys has made strategic investments, withdrawal or expiration of

governmental fiscal incentives, political instability and regional conflicts,

legal restrictions on raising capital or acquiring companies outside India,

unauthorized use of our intellectual property and general economic conditions

affecting our industry and the outcome of pending litigation and government

investigation. Additional risks that could affect our future operating results

are more fully described in our United States Securities and Exchange

Commission filings including our Annual Report on Form 20-F for the fiscal year

ended March 31, 2020. These filings are available at www.sec.gov. Infosys may,

from time to time, make additional written and oral forward-looking statements,

including statements contained in the Company's filings with the Securities and

Exchange Commission and our reports to shareholders. The Company does not

undertake to update any forward-looking statements that may be made from time

to time by or on behalf of the Company unless it is required by law.

    Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg    

    Source - Infosys