The announcement of two acquisitions by Infosys is expected to help the Indian software firm reverse some of the negative perceptions that erupted on account of the firm's dull performance over the last year.

On Monday, Infosys announced that it would acquire a Switzerland-based global management consultancy firm Lodestone Holding for 330 million Swiss francs (Rs 1,930 crore) in cash. Around 66 per cent of the amount will be paid now, while the remaining will be paid after three years, subject to fulfillment of certain conditions such as retention of key employees.

Infosys also acquired US-based Marsh BPO's Voluntary Group Life Insurance arm. However, the software firm didn't disclose the financial details of this deal.

The announcement of the acquisitions pleased those who have long been demanding the company to invest money in new technologies to revice business.

Dhananjay Sinha, economist & strategist at Emkay Global, said, "We are positive on Infosys. The strategy seems to focus more on growing volumes, especially in Europe, where they (Infosys) have been losing out."

Mr. Sinha added that the acquisitions may reduce Infosys' margins in the near term, but these deals would pay dividend over the longer term.

Infosys is now working under its 3.0 strategy, which aims to hack the company's dependence on the development and maintenance of traditional applications, where profits are falling. Now, the company will focus on consulting and systems integration businesses.