Wipro to buy Appirio for $500m
IT, consulting and business process services company Wipro has signed a definitive agreement to acquire global cloud services company Appirio for $500 million (R6.7 billion).
The company says once completed, Wipro's acquisition of Appirio will create one of the world's largest cloud transformation practices.
Appirio was established in 2006 and is headquartered in Indianapolis in the United States, with offices in San Francisco, Dublin, London, Jaipur and Tokyo, and 1 250 employees worldwide.
Appirio also brings to Wipro, Topcoder ? a crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers.
"In an increasingly digital world, as consumer behaviours and expectations continue to be reshaped by experiences, companies are recognising they need to transform how they engage with customers and employees by leveraging the power of cloud," according to Wipro CEO Abidali Neemuchwala.
"Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models."
Wipro will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Appirio CEO Chris Barbin will lead the expanded business.
"When you combine Wipro's global scale and deep digital focus with Appirio's transformative worker and customer experience expertise, and best in class team, brand and partners, you create a formidable force in the industry," says Barbin.
The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be closed in the quarter ending 31 December.