Wipro to purchase Capco, a world administration and know-how consultancy to banking and economic services field, for $ 1.45 billion

BANGALORE, India & LONDON & NEW YORK–(Company WIRE)–Wipro Minimal (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading world information engineering, consulting and small business approach products and services company, currently introduced that it has signed an settlement to receive Capco, a global management and engineering consultancy offering electronic, consulting and engineering companies to economic establishments in the Americas, Europe and the Asia Pacific.

London-headquartered Capco’s shoppers consist of several marquee names in the global economic expert services field. About the past 20 a long time, the firm has worked carefully with business leaders, including Boards and C-Suites in the banking, capital markets, wealth, asset management and insurance coverage sectors and is widely acknowledged for its deep domain and consulting skills, threat and regulatory offerings and thought leadership close to crucial business know-how troubles and options. In addition, Capco providers consumers in the energy and commodities buying and selling sector.

Capco has an professional government workforce and about 5,000 entire world-course organization and technological innovation consultants centered across a lot more than 30 world locations supporting shoppers by way of their expert insights, entrepreneurial strategy and aim on delivery excellence.

This acquisition will make Wipro 1 of the most significant close-to-finish worldwide consulting, technological innovation and transformation service vendors to the banking and monetary products and services industry. By combining Wipro’s capabilities in strategic design, digital transformation, cloud, cybersecurity, IT and functions products and services with Capco’s area and consulting toughness, clients will get access to a partner who can supply integrated, bespoke methods to support gasoline progress and reach their transformation aims.

Thierry Delaporte, CEO and Managing Director of Wipro Confined claimed, “We are really enthusiastic to welcome Capco’s admirable leadership crew and staff, and world customers, to Wipro. Jointly, we can deliver high-finish consulting and technologies transformations, and operations offerings to our shoppers. Wipro and Capco share complimentary company models and main guiding values, and I am specific that our new Capco colleagues will be proud to call Wipro property.”

Lance Levy, CEO of Capco reported, “We are extremely fired up to be a part of our new colleagues at Wipro. Collectively, we will offer bespoke transformational conclude-to-finish solutions, now powered by impressive technologies at scale, to generate a new major lover to the monetary expert services sector. We glimpse forward to leveraging the complementary abilities and equivalent cultures of both equally firms to travel marketplace adjust and provide remarkable opportunities for each our customers, and our individuals.”

The acquisition is topic to customary closing conditions and regulatory approvals and is anticipated to shut in the quarter ending June 30, 2021.

About Wipro Limited

Wipro Confined (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a major international details technological innovation, consulting and enterprise method expert services firm. We harness the electric power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging systems to aid our consumers adapt to the electronic environment and make them productive. A firm identified globally for its comprehensive portfolio of solutions, powerful dedication to sustainability and superior company citizenship, we have in excess of 190,000 focused workers serving purchasers across 6 continents. Together, we find out thoughts and join the dots to make a greater and a daring new foreseeable future.

About Capco

Capco is a world wide know-how and administration consultancy specializing in driving electronic transformation in the economic services market. With a increasing customer portfolio comprising of in excess of 100 world wide companies, Capco operates at the intersection of business and technologies by combining ground breaking contemplating with unrivalled marketplace knowledge to fast-observe transformation initiatives for the banking and payments, cash markets, wealth and asset administration, insurance policies, and the power sector. Capco’s ingenuity is brought to lifestyle through its Innovation Labs, and award-successful Be Your self at Get the job done tradition and varied expertise. To understand a lot more, check out www.Capco.com or follow us on Twitter, Fb, YouTube, LinkedIn Instagram, and Xing.

Forward-Hunting Statements

The forward-hunting statements contained herein represent Wipro’s beliefs about long term situations, lots of of which are by their nature, inherently uncertain and exterior Wipro’s regulate. This kind of statements involve, but are not constrained to, statements with regards to Wipro’s advancement prospects, its future monetary operating effects, and its options, anticipations and intentions. Wipro cautions audience that the ahead-seeking statements contained herein are subject to hazards and uncertainties that could cause precise benefits to vary materially from the success anticipated by these statements. These types of pitfalls and uncertainties involve, but are not confined to, risks and uncertainties relating to fluctuations in our earnings, income and income, our ability to make and handle development, full proposed company actions, extreme levels of competition in IT products and services, our capacity to maintain our cost edge, wage raises in India, our skill to bring in and keep extremely competent specialists, time and expense overruns on fixed-price tag, mounted-time body contracts, customer focus, constraints on immigration, our capability to regulate our international functions, decreased need for technological know-how in our crucial concentrate locations, disruptions in telecommunication networks, our potential to efficiently comprehensive and combine prospective acquisitions, legal responsibility for damages on our service contracts, the success of the businesses in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, lawful limits on elevating cash or getting organizations exterior India, unauthorized use of our intellectual property and basic financial problems impacting our enterprise and sector. The problems brought on by the COVID-19 pandemic could minimize technological innovation paying out, adversely have an effect on desire for our merchandise, affect the amount of consumer expending and could adversely have an affect on our customers’ ability or willingness to buy our offerings, hold off possible customers’ getting conclusions, adversely affect our skill to present on-web site consulting products and services and our lack of ability to deliver our prospects or delay the provisioning of our choices, all of which could adversely affect our foreseeable future revenue, operating results and total money performance. Our operations may well also be negatively impacted by a vary of external factors similar to the COVID-19 pandemic that are not inside of our regulate. Additional challenges that could influence our potential functioning final results are a lot more entirely explained in our filings with the United States Securities and Exchange Commission, which includes, but not limited to, Yearly Reports on Form 20-F. These filings are accessible at www.sec.gov. We may possibly, from time to time, make further composed and oral forward-seeking statements, together with statements contained in the company’s filings with the Securities and Trade Fee and our studies to shareholders. We do not undertake to update any forward-on the lookout statement that could be made from time to time by us or on our behalf.

Amelia J. Bell

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