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Wipro acquired cloud services company Appirio for $500 million in 2016, technology consultancy Capco for $1.45 billion in 2021, and SAP consulting firm Rizing Intermediate Holdings for $540 million in 2022.
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Aug 24, 2024 · Capco Acquisition: In 2021, Wipro completed the acquisition of Capco, a leading global management and technology consultancy. This acquisition, valued at $1.45 billion, was one of the largest in Wipro’s history and significantly enhanced its consulting capabilities, particularly in the banking and financial services sector.
During the early 1980s, we entered the Indian IT industry by manufacturing and selling mini computers. In the 1990s, we leveraged our hardware R&D design and software development expertise and began offering software services to global clients. In 2013, we demerged the non-IT Diversified Businesses.
Wipro M&A Summary. Wipro has acquired 30 companies, including 13 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 5 assets. Wipro’s largest acquisition to date was in 2021, when it acquired Capco for $1.5B.
Jun 24, 2023 · Azim Premji, who is widely regarded as one of India’s most influential business tycoons, took over the company and embarked on a remarkable journey of transforming Wipro into a global IT services powerhouse.
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Jun 21, 2021 · In April 2021, we fully integrated seven of our previously acquired companies and subsets of those individual brands. We now have almost everyone united under one Wipro brand - one identity, one mindset, one shared ambition. This move allows all of us to go to market as One Wipro.
