IT major Infosys has invested USD 3 million in US based wearable device startup firm WHOOP to pick up a minority shareholding in the company. Infosys said with through this transaction it will acquire “minority shareholding, not exceeding 20 per cent of the outstanding shareholding of the company.” Infosys said WHOOP’s system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables and actionable analytics powered by proprietary algorithms that generate intensity and recovery scores.
This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions. The company said the transaction is expected to be completed by December 16.
Infosys
- Infosys is headquartered in Bangalore,Karnataka.
- Infosys was co-founded in 1981 by CEO Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer Systems.
- The company was incorporated as “Infosys Consultants Pvt Ltd.” with a capital of ₹10,000.
- Infosys has a global footprint with offices and development centers across the world.
- In June 2015, Infosys acquired Skava, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients.
Vishal Sikka is the CEO and MD of Infosys.
