Bengaluru- Wipro NSE on Thursday said it will acquire a UK-based IT Consultancy firm “Capco” for $1.45 billion- said in a statement to stock exchanges in India.
Capco is a London-based global financial consultancy that has had an impact on America, Asia-Pacific, and Europe. Over the past 20 years, the firm has worked closely with leading business leaders such as Boards and C-Suites in the banking sector, capital markets, asset management, wealth management and even flourished in the insurance sectors which is why it is widely acknowledged for its deep domain and consulting expertise and skills. Its risk and regulatory offerings with thought leadership around several industry technology challenges and opportunities make it one of the most reliable companies globally.
With its highly skilled and experienced finance expert team and over 5,000 world-class business and technology consultants across more than 30 global locations of its branch units are supporting clients immensely with the proper insights and approaches while focusing on delivering excellence.
Report saying that this will make Wipro among the largest end2end Global Consulting technology and transformation service providers Especially for the financial sector of the marketplace. this highly exclusive amalgamation of Capco’s expertise and Wipro capabilities in strategic design, digital transformation, cybersecurity, IT cloud, and operation services will definitely raise the growth and achieve their transformation objectives in the high and technological world.
The CEO and Managing Director of Wipro Limited “Thierry Delaporte” said, “We are delighted to welcome Capco’s admirable leadership team, employees, and international customers to Wipro. Together, we can offer our clients state-of-the-art technologies, consultation transformations, and operational offerings. We both share complementary business models and core guiding values and I am certain that our new Capco colleagues will be proud to make Wipro their home.”
On the other hand, according to media reports, the CEO of Capco said: “We are amazingly excited to join our new colleagues at Wipro. By becoming one of them, we will offer tailored, transformational end-to-end solutions, now powered by large-scale innovative technology, to develop a new leading partner in the financial services industry. We look forward to leveraging the equivalent trends and similar cultures of both companies to drive change in the industry and provide exciting opportunities for our customers and employees.”
Finally, procurement is subject to normal closing conditions and regulatory approvals and is likely to end in the quarter ending June 30, 2021.
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