Report: Infosys To Expand Israel Operations

May 12, 2015 | According to a “Globes” report, the Indian information technology company Infosys will expand its operations in Israel. This past February, Infosys acquired the Israeli software management company Panaya for approx. $200 million, moving its research and development center to the city of Raanana. Infosys is India’s second largest software exporter, with a $500 million innovation fund.