Infosys scouting for buys in Japan: CEO

Infosys Technologies is eyeing acquisitions in Japan as India’s second-largest outsourcer looks for growth outside its main markets in the United States and Europe.

Infosys Technologies is eyeing acquisitions in Japan as India’s second-largest outsourcer looks for growth outside its main markets in the United States and Europe.

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The company could use as much as 10% of its revenue for acquisitions or about $300 million to $500 million, CEO S. Gopalakrishnan said.

“We have been present in Japan for now more than 10 years and we have not made much progress,” Gopalakrishnan said on the sidelines of the G20 CEO Summit in Seoul.

“It makes sense for us to look for an acquisition in Japan," he said. Gopalakrishnan did not give details, but said Japan accounts for 2% of the company’s revenue.