Infosys To Divest Stake In CloudEndure For $15.3 Million

Infosys Ltd. on Satuday said it has inked a pact to divest its shares in Israeli startup CloudEndure Ltd. for a total consideration of around $15.3 million (about Rs 110
crore).

“The company has, on Dec. 14, 2018, signed an agreement to divest its shares in CloudEndure for a total consideration of around $15.3 million, subject to necessary
conditions,” the software services exporter said in a regulatory filing.

In 2015, Infosys had picked up a minority stake in CloudEndure, that provides cloud migration and cloud-based disaster recovery software, for $4 million.