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Why is Infosys reviving Panaya, the Israeli subsidiary it wanted to sell at slashed rate?

#artificialintelligence

Infosys has dropped plans to sell automation software company Panaya after failing to find a buyer for a year. Instead, the software services giant has started investing in the subsidiary, foreseeing the efficiency of the company in AI and automation strategy. The Israel-based software company's products include change impact analysis, automated code remediation, collaborative test management and test-execution, and ALM acceleration. It runs on Amazon Elastic Compute Cloud. As per analysts, Panaya was a good acquisition but the asset was never used by Infosys after the buyout because of the corporate governance fight between the former CEO Vishal Sikka and NR Narayana Murthy, Infosys founder.