Infosys invests $1.5 mn more in US data firm

Bengaluru March 22 (IANS) Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science a US-based data discovery and data governance software firm.

"The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund " said the IT major in a regulatory filing on the BSE.

The firm initially invested $4 million (Rs 26 crore) in the Delaware Corporation company in January 2016.

"Waterline provides data scientists and business analysts a self-service data catalogue to help discover understand and provision data and an automated data inventory that enables agile data governance across metadata data quality and data lineage " it said in the filing.

The investment is expected to be completed by April 6.

With the combined investment Infosys will have a minority holding which is less than 20 per cent of Waterline s share capital.

--IANS
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