Wipro to buy cloud firm Appirio
IT services integrator Wipro has signed a definitive agreement to acquire US-based Appirio, a cloud services company, for $500 million.
With the acquisition, Wipro will get Topcoder, a crowdsourcing marketplace for designers, developers and data scientists; and expand its cloud offerings.
Abidali Neemuchwala, CEO and member of the board at Wipro, says it will “consolidate” its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Chris Barbin, CEO 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 31 December 2016.
Established in 2006, Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur and Tokyo. It has 1,250 employees worldwide.
Also this year, Wipro set up a blockchain research facility at its Bengaluru campus in India to help its engineers build applications; and it teamed with Paytm for its new payments bank.
