Wipro acquires Appirio

Wipro Limited has signed a definitive agreement to acquire Appirio, a global cloud services company that creates next generation worker and customer experiences, for a purchase consideration of US$500 million.

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.

Appirio also brings to Wipro, Topcoder, a leading crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers.

“In an increasingly digital world, as consumer behaviors and expectations continue to be reshaped by experiences, companies are recognizing that they need to transform how they engage with customers and employees by leveraging the power of Cloud,” said Abidali Z. Neemuchwala, Chief Executive Officer & Member of the Wipro Board.

“Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models,” he said.

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.

“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,” said Barbin.

“Together, our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share, and best places to work,” he said.

Indianapolis-headquartered Appirio was founded in 2006 and has 1,250 employees worldwide. fii-news.com