Wipro acquired Convergence Acceleration Solutions (CAS) for $80 million to drive large-scale business and technology transformation for clients. The company will pay $50 million upfront, and the remaining $30 million will be payable over three years. โThe joint entity will provide clients with services starting from strategy development and planning to execution and implementation,โ Wipro said.
- NBD Bank Gets Nod from Central Bank to Acquire Stake in RBL Bank
- LIC Gets Slammed with Rs 6,146 Crore Tax Demand
- L&T Tech Planning to Sell its Unit to AMI Paradigm Solutions
- LNG Buyers Turn to US as Qatar Supply Disrupts
- Iran Plans Transit Tolls on Strait of Hormuz
Founded in 2007, CAS Group provides strategic transformation programmes for services like mobile/wireless, business, and fibre-optic services, 5G, Internet of Things, and retail telecom solutions. Acquisitions have been one of Wipro’s main initiatives since Thierry Delaporte took over as CEO in July 2020. โThe acquisition of CAS Group is yet another step in Wiproโs transformation journey toward becoming a sought-after strategic partner for clientsโ most complex business transformation needs,โ the company added.
Live
