Wipro buys Appirio for Rs 3,340 crore
New Delhi, October 20
Country’s third largest IT firm Wipro today said it will acquire cloud services company Appirio for $500 million (around Rs 3,340 crore) in a cash transaction.
"Once completed, Wipro’s acquisition of Appirio will create one of the world's largest cloud transformation practices, a game changer in today's as-a-service and digital economy," Wipro said.
Post acquisition, Wipro will also have access to Topcoder, a crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers, it added.
Wipro 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 statement said.
Established in 2006, the US-based Appirio has offices in Jaipur, San Francisco, Dublin, London, and Tokyo and has 1,250 employees worldwide.
It had revenues of $196 million in 2015 and its clients include brands like Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation. — PTI
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
