Infosys on Monday said it had made an investment of $3 million (around Rs 20 crore) in US-based sports technology and wearable devices start-up, WHOOP, to take a minority stake, not exceeding 20 per cent. WHOOP, originally incorporated in December 2011, 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, Infosys said on Monday. WHOOP’s system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables, and actionable analytics, powered by proprietary algorithms that generate intensity and recovery scores. This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions. The investment, for which no governmental or regulatory approvals are required, will be completed by December 16, Infosys said. On Monday, its scrip was trading at Rs 1,065.50 on the BSE, up 1.25 per cent, over the previous close of Rs 1,052.35 per share.
Source: Business-StandardInfosys invests $3 mn in WHOOP
Industry: Information technology 2015-12-15
