Infosys to acquire US-based Kaleidoscope Innovation for up to $42mn

Infosys on Thursday said it will acquire US-based product design and development firm Kaleidoscope Innovation for up to $42 million.The acquisition by Infosys Nova Holdings, LLC (a wholly-owned subsidiary of Infosys) is expected to close during the second quarter of FY 2021, subject to customary closing conditions.

Kaleidoscope Innovation is a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets. It designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies, and user-centric wearables.

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