Question: Which of the following companies recently completed the acquisition of Brilliants basics?
(a)Wipro Limited
(b)Infosys Ltd.
(c)TCS
(d)Tech Mahindra Ltd.
Answer: (b)
Related Facts:
- On September 11th, 2017, Infosys Ltd. a global leader in consulting, technology and nextgeneration services completed the acquisition of Brilliants basics.
- Acquisition is in accordance with the terms set out in the agreement announced by the company on August 3, 2017.
- This acquisition includes the amount based on future benefits and retention of employees.
- Infosys has completed this acquisition cash in 75 million British pounds.
- This acquisition will help Infosys to expand its digital studio business globally.
- This business is focused on fulfilling the needs of the global clients and to find the right problem, and to solve these effectively.
- Infosys Digital Studios are located in Bangalore, Pune, New York, London and Melbourne.
- Brilliant Basics established in 2012, is a global design and product studio that creates products that make life simply better.
- The 100 percent stakeholder of this company was controlled management.
- It had studios in London and Dubai.
Reference:
https://www.infosys.com/newsroom/press-releases/Pages/completed-acquisition-brilliant-basics.aspx
https://www.brilliantbasics.com/wp-content/uploads/2017/08/170803_Press_Release.pdf
https://medium.com/@brilliantbasics/bb-and-infosys-c5fe8073e835
https://medium.com/@brilliantbasics/bb-and-infosys-c5fe8073e835
http://www.thehindu.com/business/Industry/infosys-completes-acquisition-of-brilliant-basics/article19664754.ece