Wipro to buy US cloud services company Appirio for $500 mn
Software services exporter Wipro on Thursday announced it has signed an agreement to acquire US-based Appirio, a global cloud services company, for $500 million.business Updated: Oct 21, 2016 00:25 IST
Software services exporter Wipro on Thursday announced it has signed an agreement to acquire US-based Appirio, a global cloud services company, for $500 million.
The 10-year-old Indianapolis company, which has 1,250 employees worldwide and has an office in Jaipur, brings on board marquee customers like Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation.
Wipro said the acquisition will create one of the world’s largest cloud transformation practices, a game changer in today’s digital economy.
Appirio also brings to Wipro, Topcoder, a leading crowdsourcing marketplace connecting over a million designers, developers, and data scientists with customers.
Wipro also said it will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Chris Barbin, chief executive officer of Appirio, will lead the expanded business.
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be closed in the quarter ending December 31.
The Bengaluru-based IT major will announce its second-quarter results late Friday evening after the stock market shuts down.