Wipro to Acquire Appirio

Wipro, an information technology, consulting, and business process services company, will acquire Appirio, a global cloud services company that creates next generation worker and customer experiences, for $500 million

Once completed, Wipro's acquisition of Appirio will create one of the world's largest cloud transformation practices. Appirio also brings to Wipro its Topcoder crowdsourcing marketplace that connects more than 1 million designers, developers, and data scientists around the world with customers.

"In an increasingly digital world, as consumer behaviors and expectations continue to be reshaped by experiences, companies are recognizing that they need to transform how they engage with customers and employees by leveraging the power of cloud. Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models," said Abidali Neemuchwala, CEO and executive director, in a statement.

Wipro will consolidate its existing cloud applications practices of Salesforce.com and Workday under the Appirio brand and structure. Chris Barbin, CEO of Appirio, will lead the expanded business.

"When you combine Wipro's global scale and deep digital focus with Appirio's transformative worker and customer experience expertise and best-in-class team, brand, and partners, you create a formidable force in the industry," Barbin said in a statement. "Together, our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share, and best places to work."

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