MUMBAI: 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.
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.
