Infosys to Acquire Life Sciences Consulting and Technology Leader, BASE life science

Rhea-AI Summary

Infosys (NSE, BSE, NYSE: INFY) announced its acquisition of BASE life science, a European technology and consulting firm specializing in life sciences. This acquisition aims to enhance Infosys' capabilities in the digital transformation of clinical trials and drug development.

With a team of 200 experts across Europe, BASE focuses on data and AI solutions, enabling better health outcomes. The deal is expected to close in Q2 of fiscal 2023, subject to customary conditions.

Positive

• Acquisition of BASE life science enhances Infosys' expertise in the life sciences sector.
• Strengthens Infosys' market position in Europe, particularly in the Nordics region.
• Integration of BASE's technology capabilities expected to accelerate digital transformation for clients.

Negative

• None.

Acquisition to deepen life sciences domain capabilities and strengthen footprint across Europe

BENGALURU, India and COPENHAGEN, Denmark, July 13, 2022 /PRNewswire/ -- Infosys (NSE, BSE, NYSE: INFY) a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire BASE life science, a leading technology and consulting firm in the life sciences industry, in Europe. The acquisition reaffirms our commitment to help global life sciences companies realize business value from cloud-first digital platforms and data, to speed-up clinical trials and scale drug development, positively impacting lives and achieving better health outcomes.

 

 

BASE brings to Infosys, domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow. Backed by a team of data science specialists, BASE is at the frontier of the latest technological developments and trends. It has a strong focus on Data & AI, and the ability to bridge and integrate business logic and technology, driving insights for better health outcomes.

Headquartered in Denmark, BASE is one of the fastest growing technology and consulting partners in the life sciences industry. The company has about 200 of the finest, multidisciplinary industry experts across Denmark, Switzerland, UK, Germany, France, Italy, and a nearshore technology hub in Spain. Together with Infosys, BASE will further expand its portfolio of expertise into Consumer Health, Animal Health, MedTech and Genomics segments. BASE collaborates with leading software technology providers in the life sciences industry such as Veeva, IQVIA and Salesforce.

Ravi Kumar S, President, Infosys, said, "This acquisition augments Infosys' deep life sciences expertise, and expands our footprint further in the Nordics region and across Europe, and scales our digital transformation capabilities with cloud-based industry solutions. We are excited to welcome BASE life science and its leadership team into the Infosys family."

"Over the last five years, BASE life science has delivered tremendous growth, and created a stellar life sciences consulting firm in Europe. With Infosys as our catalyst, we will be able to accelerate our expansion internationally and create development opportunities for our people. Infosys is a solid, global technology leader, that is a perfect match for ensuring continuous success of BASE while sharing our common purpose and values.", said Martin Woergaard, CEO, BASE life science.

The acquisition is expected to close during the second quarter of fiscal 2023, subject to customary closing conditions.

VEEVA is a trademark of Veeva Systems Inc.
IQVIA is a trademark of IQVIA Holdings Inc.
Salesforce is a trademark of salesforce.com, inc.

About BASE life science A/S 
BASE life science is an innovative and forward-thinking technology, product and service consultancy specialized in creating real business value from digital platforms and data, growing people, and delivering innovative solutions that have a sustainable and lasting impact in an industry that matters.

Its experienced teams optimize technology and business processes within Customer Engagement, Quality, Regulatory, Compliance and Clinical data management for companies within the life science industry.

BASE life science's aspiration is to be the leading life science technology consulting company in Europe and currently operates from offices located in Denmark, Switzerland, Spain, Italy, France, United Kingdom and Germany from where they assist customers across the globe. Fueled by its dedicated teams' hard work and efforts, BASE life science has been cemented as a reliable advisor in the life science industry, striving for continuous excellence to remain an entrusted partner that can bring its customer's visions successfully to life. www.baselifescience.com

About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India and the US, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For more information, please contact: PR_Global@infosys.com

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SOURCE Infosys

FAQ

What is the purpose of Infosys' acquisition of BASE life science?

The acquisition aims to enhance Infosys' capabilities in the life sciences sector and improve digital transformation for clinical trials and drug development.

When is the acquisition of BASE life science expected to close?

The acquisition is anticipated to close during the second quarter of fiscal 2023, pending customary closing conditions.

How will the acquisition impact Infosys' operations in Europe?

The acquisition will expand Infosys' footprint in Europe and enhance its life sciences consulting expertise, particularly in the Nordics.

What expertise does BASE life science bring to Infosys?

BASE brings domain expertise in commercial, medical, digital marketing, clinical, and regulatory fields, complemented by a focus on Data & AI.

What are the expected benefits of the acquisition for Infosys shareholders?

The acquisition is expected to drive growth in the life sciences segment and enhance Infosys' service offerings, potentially leading to increased revenue.