Outsourcing giant Infosys Ltd. said today it has reached an agreement to acquire Salesforce.com Inc. partner consulting firm Simplus Inc.

Infosys did not disclose a specific acquisition price, but a regulatory filing said the acquisition was valued at up to $250 million — $200 million up front with “employee incentives and retention payments amounting up to $50 million on meeting certain performance conditions over three years.”

Founded in 2014, Simplus is a “Platinum Salesforce Partner” and a claimed leader in the quote-for-cash market. Quote-for-cash, often abbreviated as QTC, is a set of business processes that enables automated management of business processes. As Salesforce itself explains in a blog post, QTC involves creating initial offers for prospects all the way through to collecting cash.

Simplus offers advisory, implementation, change management, custom configuration and managed services within the QTC sphere. The company claims to use “leading cloud solutions to help companies achieve a strategic vision, improve performance and increase value to stakeholders.”

For Infosys, the acquisition is said to bring the company Salesforce expertise, industry knowledge, solution assets, deep ecosystem relationships and a broad clientele, across a variety of industries including high-tech, financial services, retail, healthcare, life sciences and manufacturing.

Along with offices in the U.S., Simplus also has offices in Australia and the U.K., with about 2,000 enterprise clients.

“The acquisition reaffirms our continuous endeavor to strengthen our strategy of scaling our Agile Digital and cloud-first digital transformation capabilities,” Pravin Rao, chief operating officer of Infosys, said in a statement. “This acquisition is key to staying relevant to the digital priorities of our clients and demonstrates our commitment to the Salesforce ecosystem.”

Simplus had raised $49.3 million in venture capital funding according to data from Crunchbase. Investors included EPIC Ventures, University Growth Fund, Kensington Capital Ventures, Cross Creek, Salesforce Ventures and Savano Capital Partners.

Ryan Westwood, co-founder and chief executive officer of Simplus, spoke to SiliconANGLE’s video studio theCUBE in September 2018, explaining that “we’ve really made our brand on being kind of ahead of the market and really seeing what’s happening and implementing the technologies that are at the cutting edge of the Salesforce ecosystem.”

Image: Simplus