Infosys for acquisitions in Europe,japan

Despite the global economic slowdown,India's second largest IT exporter Infosys technologies is looking at mergers and acquisitions in Europe and Japan as it would "accelerate growth'."We ware looking at acquisitions and have a dedicated team working on it.We do not make an acquisition based on valuation alone,we will invest and acquire the companies which make strategic sense and are able to integrate in that entity properly" says the company's CEO kris Gopalakrishnan.He agreed that the economic situation was challenging and companies working in the non-financial services are also facing the heat.Earlier this fiscal,the software major announced it would hire 25,000 new people this financial year.The company which signed 40 new customers in the last quarter has revised its growth rate prediction to about 15 per cent annually.