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Infosys has announced that it has invested $3 million in US-based WHOOP, an early stage company offering performance optimisation system for elite professional sports teams.
In a filing to the BSE, Infosys said that WHOOP offers a highly differentiated performance optimisation and analytics solution that is of strategic importance to Infosys in the professional team sports and connected wellness markets.
The cash transaction, which did not require any governmental or regulatory approvals, is expected to be completed on December 16, 2015.
Through the transaction, Infosys is acquiring a minority holding not exceeding 20 per cent of the outstanding share capital of the company, the filing said.
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