Wipro today signed to acquire InfoSERVER for $8.7mn. InfoSERVER is an IT services provider which has its extreme focus on serving the Brazilian market. InfoSERVER provides software deployment services and custom application development.
InfoSERVER, will be helping Wipro in expanding its presence in the country’s highly traditional and competitive Insurance market, Banking and Financial Services. Apart from this it will be providing invaluable domain and process knowledge on the sector.
This acquisition closely lines up with Wipro’s vision to localise, expand its presence in the LATAM market and also become a significant partner of choice and an end-to-end IT services provider in the area that brings about global expertise while operating as a local company.
Wipro has a significant presence in Latin America with offices across 5 countries in the region – Argentina, Brazil, Chile, Colombia and Mexico.
Fabiano Funari, Vice President and Head of Sales & Operations, InfoSERVER S.A. said, “Wipro and InfoSERVER will combine strong local domain knowledge with technological breadth and global experience to help clients achieve their desired outcomes. Wipro’s global client base, delivery expertise and scale will help us expand our reach and offerings.”
“The LATAM market and Brazil in particular is a strategic growth and investment region for Wipro. This acquisition will provide Wipro with scale and key client relationships, especially in the banking, financial services and insurance domains, which are the largest and fastest growing sectors in the region,” said Ankur Prakash, Vice President and Head of New Growth and Emerging Markets, Wipro Limited.
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Madhurima Goyal, From ITvoir News Desk