In At an American Chamber of Commerce event in Shanghai, Infosys co-chair Kris Gopalakrishnan said that the company is willing to spend as much as $700 million on a suitable acquisition target, reports Bloomberg.
The company, which has an active team looking at possible fits, has prioritised three areas: geography-based prospect, a company with "platforms" it can leverage, and firms that focussed on specific industries.
On the question of European financial crisis, Gopalakrishnan said that for Infosys, Europe is growing slower than US and the ongoing financial crisis in Europe has had an impact on his firm.
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