Home
Others
Others News
Infosys Invests in US Based Data Solution Firm Trifacta

Infosys Invests in US-Based Data Solution Firm Trifacta

By Press Trust of India | Updated: 28 April 2016 12:58 IST

Infosys, country's second largest IT services firm, Thursday said it has invested an undisclosed amount in US-based Trifacta.

Trifacta is a provider of data wrangling software that enables non-technical users to easily transform data for analysis.

As part of this investment, Trifacta will provide a data wrangling solution for the Infosys Information Platform (IIP) and Infosys' other platforms and offerings, Infosys said in a statement.

"We see tremendous potential in self-service data preparation solutions like Trifacta to significantly help clients unlock the business value of their diverse and fast-growing Big Data assets," Infosys Senior Vice President Corporate Development Ritika Suri said.

This investment underscores Infosys' commitment to its clients to introduce a complete stack of data management solutions that complement our data management and automation platforms, she added.

"We are thrilled to become a part of IIP and collaborate with Infosys as a key go-to-market partner. This partnership will play an important role in our global expansion, bringing the power and value of data wrangling to customers around the world," Adam Wilson, CEO of Trifacta, said.

Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation.

In January this year, the Bengaluru-based firm had picked up a minority stake in data discovery software firm, Waterline Data Science for $4 million (about Rs. 27.23 crores).

Infosys has been actively scouting for companies working on innovative technologies. Last year, Infosys had announced a $500-million Innovation Fund, earmarked for investments in the growth of disruptive new technologies.

The company has stated that it will invest in companies that develop innovative technologies on automation, Internet of Things (IoT), and artificial intelligence (AI).

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.