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Under Chief Executive Vishal Sikka, Infosys has
been making big bets on automation and other new technology like
artificial intelligence and cloud-based services as the company
tries to regain some lost ground from rivals like Tata
Consultancy Services.
"The acquisition of Panaya is a key step in renewing and
differentiating our service lines," Sikka said in a statement.
"This will help amplify the potential of our people, freeing us
from the drudgery of many repetitive tasks, so we may focus more
on the important, strategic challenges faced by our clients," he
said.
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by
Gopakumar Warrier)
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