The Azim Premji promoted firm said the acquisition would catapult it to one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry.
In what will be its biggest acquisition, software services giant Wipro said on Thursday it would buy privately-held British consultancy firm Capco for $1.45 billion.
The Azim Premji promoted firm said the acquisition would it catapult to one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry.
The Capco buy should see Wipro gaining access to 30 new large BFSI clients. CEO and MD Thierry Delaporte told analysts financial institutions were investing in technology more than ever.
DD Mishra, senior director analyst, Gartner, observed Wipro’s acquisition of Capco complements its consulting organisations. ”As the total number of deals coming from traditional RFP routes is declining, IT service providers need to engage early with customers across various verticals to support their journey. Many a time, customers are unaware of what they do not know, consulting capabilities provide them a deep-dive into this unknown territory and enable efficient decision-making,” Mishra pointed out.