Wipro to obtain Capco, a world wide management and technological know-how consultancy to banking and financial services sector, for $ 1.45 billion

BANGALORE, India & LONDON & NEW YORK–(Business WIRE)–Wipro Restricted (NYSE: WIT, BSE: 507685, NSE: WIPRO), a top world wide data technological innovation, consulting and business approach expert services enterprise, today introduced that it has signed an settlement to receive Capco, a worldwide management and technological know-how consultancy offering electronic, consulting and technology services to fiscal establishments in the Americas, Europe and the Asia Pacific.

London-headquartered Capco’s shoppers consist of quite a few marquee names in the worldwide economical companies market. Above the previous 20 many years, the firm has labored carefully with business enterprise leaders, like Boards and C-Suites in the banking, money markets, wealth, asset management and insurance sectors and is extensively acknowledged for its deep domain and consulting experience, risk and regulatory choices and thought leadership all around critical market technological know-how difficulties and opportunities. In addition, Capco products and services purchasers in the energy and commodities buying and selling sector.

Capco has an professional govt group and in excess of 5,000 environment-class enterprise and technologies consultants based mostly across much more than 30 global destinations supporting consumers by their expert insights, entrepreneurial approach and focus on shipping excellence.

This acquisition will make Wipro one of the premier finish-to-close world wide consulting, technological innovation and transformation assistance vendors to the banking and monetary products and services industry. By combining Wipro’s abilities in strategic style, electronic transformation, cloud, cybersecurity, IT and operations products and services with Capco’s domain and consulting toughness, shoppers will acquire obtain to a partner who can provide built-in, bespoke answers to assist gasoline growth and obtain their transformation aims.

Thierry Delaporte, CEO and Controlling Director of Wipro Minimal stated, “We are incredibly fired up to welcome Capco’s admirable management crew and workforce, and world wide shoppers, to Wipro. Collectively, we can deliver large-end consulting and know-how transformations, and operations offerings to our purchasers. Wipro and Capco share complimentary business enterprise types and main guiding values, and I am sure that our new Capco colleagues will be proud to call Wipro household.”

Lance Levy, CEO of Capco said, “We are very enthusiastic to be a part of our new colleagues at Wipro. Collectively, we will present bespoke transformational close-to-conclude answers, now powered by ground breaking technologies at scale, to produce a new leading associate to the financial expert services business. We look forward to leveraging the complementary abilities and identical cultures of both equally organizations to push industry improve and provide thrilling options for both of those our shoppers, and our individuals.”

The acquisition is issue to customary closing ailments and regulatory approvals and is expected to shut in the quarter ending June 30, 2021.

About Wipro Limited

Wipro Confined (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a primary world wide information and facts technological innovation, consulting and business enterprise method expert services business. We harness the electric power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to assist our clients adapt to the digital earth and make them prosperous. A business regarded globally for its in depth portfolio of expert services, robust dedication to sustainability and great company citizenship, we have in excess of 190,000 focused workforce serving clients across 6 continents. With each other, we find out concepts and connect the dots to create a better and a bold new upcoming.

About Capco

Capco is a worldwide technology and administration consultancy specializing in driving digital transformation in the economical companies sector. With a developing shopper portfolio comprising of above 100 global businesses, Capco operates at the intersection of organization and technology by combining ground breaking thinking with unrivalled industry understanding to quickly-monitor transformation initiatives for the banking and payments, capital markets, prosperity and asset management, insurance policy, and the strength sector. Capco’s ingenuity is brought to existence by its Innovation Labs, and award-profitable Be Oneself at Do the job culture and varied talent. To learn far more, stop by www.Capco.com or comply with us on Twitter, Fb, YouTube, LinkedIn Instagram, and Xing.

Ahead-Seeking Statements

The forward-on the lookout statements contained herein represent Wipro’s beliefs relating to future functions, numerous of which are by their nature, inherently uncertain and outdoors Wipro’s regulate. These statements contain, but are not restricted to, statements concerning Wipro’s progress prospects, its long run economical operating success, and its options, expectations and intentions. Wipro cautions audience that the forward-searching statements contained herein are topic to risks and uncertainties that could lead to true effects to differ materially from the effects anticipated by such statements. This kind of hazards and uncertainties include, but are not confined to, threats and uncertainties relating to fluctuations in our earnings, revenue and gains, our ability to make and take care of development, finish proposed company actions, powerful competition in IT companies, our ability to sustain our price tag benefit, wage raises in India, our capacity to appeal to and keep remarkably expert professionals, time and charge overruns on mounted-price tag, mounted-time body contracts, client focus, restrictions on immigration, our potential to deal with our international operations, reduced demand from customers for technological innovation in our crucial focus places, disruptions in telecommunication networks, our capacity to properly full and combine potential acquisitions, liability for damages on our support contracts, the success of the firms in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, authorized constraints on boosting cash or getting corporations outside India, unauthorized use of our intellectual house and basic financial conditions impacting our enterprise and market. The situations triggered by the COVID-19 pandemic could reduce technologies spending, adversely influence demand from customers for our products and solutions, affect the fee of shopper paying and could adversely affect our customers’ means or willingness to invest in our offerings, hold off potential customers’ paying for selections, adversely influence our potential to provide on-web site consulting providers and our inability to supply our shoppers or delay the provisioning of our offerings, all of which could adversely have an effect on our potential revenue, running benefits and in general money functionality. Our functions could also be negatively afflicted by a assortment of exterior variables related to the COVID-19 pandemic that are not within just our command. Extra threats that could have an impact on our future operating outcomes are extra completely explained in our filings with the United States Securities and Trade Fee, such as, but not confined to, Annual Reports on Type 20-F. These filings are accessible at www.sec.gov. We might, from time to time, make added published and oral forward-hunting statements, such as statements contained in the company’s filings with the Securities and Trade Commission and our experiences to shareholders. We do not undertake to update any ahead-seeking statement that may possibly be built from time to time by us or on our behalf.