Infosys invests $4 million in Waterline Data Science

Infosys has made an investment of $4 million in Waterline Data Science, a leading provider of data discovery and data governance software.

Written by FE News Desk

January 28, 2016 17:41 IST

Infosys Q1 results: The IT major lowered its revenue guidance for the financial year 2017 to 10.5-12 per cent in constant currency terms from 11.5-13.5 per cent earlier. (AP)

Infosys on Thursday announced that it has made an investment of $4 million in Waterline Data Science, a leading provider of data discovery and data governance software. The investment will be completed on or before February 4, 2016.

Waterline Data Science provides data scientists and business analysts with a self-service data catalog to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage.

“We see a need for automated data discovery solutions like Waterline Data Science in helping our clients achieve greater business value from their Big Data assets,” Infosys Senior Vice President Corporate Development Ritika Suri said.

With the investment, Infosys has picked up a minority stake, not exceeding 20 percent of the outstanding share capital of the company, it said. Set up in 2013, the privately-held Waterline Data Science has a presence in the US.

Infosys shares closed 0.61 per cent down at Rs 1131.35.

This article was first uploaded on January twenty-eight, twenty sixteen, at forty-one minutes past five in the evening.