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India’s third largest IT services company Wipro Limited said it has agreed to acquire U.S.-based cloud services company Appirio for a consideration of $500 million (about Rs.3,338 crore).
The deal is expected to be closed in the quarter ending December 31, 2016, according to a statement from the company.
Founded in 2006, Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo and has 1,250 employees worldwide. The company also counts world’s leading brands like Stryker, Coca-Cola, eBay, Facebook, among others as its partners.
“Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models,” said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board, Wipro Limited.
Wipro to acquire Appirio for $500 million - The Hindu
The deal is expected to be closed in the quarter ending December 31, 2016, according to a statement from the company.
Founded in 2006, Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo and has 1,250 employees worldwide. The company also counts world’s leading brands like Stryker, Coca-Cola, eBay, Facebook, among others as its partners.
“Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models,” said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board, Wipro Limited.
Wipro to acquire Appirio for $500 million - The Hindu
