Infosys makes a major acquisition

Infosys, announced the acquisition of Lodestone Holding AG, a leading management consultancy firm based in Zurich, for 330 million Swiss francs ($345 million or Rs.1,925 crore).
For this acquisition, Infosys will pay two-thirds of the amount immediately while the rest is to be paid after three years. Lodestone, which reported revenue of 200 million Swiss francs in 2011, derives 50 per cent of its revenues from Switzerland, and 23 per cent from Germany.
For a long time Infosys wasn't in the acquisition mode. This ends its waiting.