Wipro to buy cloud services company Appirio for $500m
Wipro Ltd
Mumbai - Arab Today
Wipro Ltd, India’s third-biggest software services exporter, said it had agreed to buy US-based cloud services company Appirio for $500 million.
Appirio has 1,250 employees worldwide, with offices in cities including London and Tokyo.
The deal is expected to be completed during the current quarter, Wipro said in a statement.
India’s $150 billion-plus information technology sector has increasingly been making a shift from its traditional outsourcing business to cloud, automation and digital services to meet the demands of its Western clients.
Wipro reports fiscal second-quarter earnings on Friday.
Source: Arab News
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