Wipro indicators off on $1.45bn acquisition of Capco – FinTech Futures

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Indian software program big Wipro is buying UK know-how consultancy Capco in a $1.45 billion deal.

Wipro logo

The $1.45bn acquisition closes in June

Wipro is trying to increase its presence in Europe and Asia, away from its major US market. It says it shares complimentary enterprise fashions with London-based Capco.

The Indian agency reckons the deal locations it as one of many largest “end-to-end international consulting, know-how and transformation service suppliers” within the monetary companies trade.

It provides a mix of the 2 creates a companion who can ship “built-in, bespoke options to assist gasoline development.”

The deal is predicted to shut on the finish of June, topic to regulatory necessities.

“We’re very excited to welcome Capco’s admirable management group and workers, and international purchasers, to Wipro,” says Wipro CEO Thierry Delaporte.

“Collectively, we will ship high-end consulting and know-how transformations, and operations choices to our purchasers.

“Wipro and Capco share complimentary enterprise fashions and core guiding values, and I’m sure that our new Capco colleagues can be proud to name Wipro house.”

Lance Levy, CEO of Capco, says the 2 corporations can create “a brand new main companion to the monetary companies trade.”

He provides: “We stay up for leveraging the complementary capabilities and comparable cultures of each corporations to drive trade change.”

Capco is one other marker in Wipro’s Asian enlargement, which just lately noticed it purchase up Finastra companion Encore Theme Technologies.

Associated: Kalifa report says UK’s fintech crown at risk from waiting competitors

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