Wipro Limited, an IT services company, announced that it has agreed to acquire global cloud services company Appirio for $500 million. Appirio is known as a systems integrator that helps customers run Salesforce and Workday software.
Wipro will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure, and it will also have access to Appirio’s crowdsourcing marketplace, Topcoder, according to a press release.
Chris Barbin, CEO of Appirio, will lead the expanded business.
“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 [services],” said Abidali Z. Neemuchwala, CEO and Executive Director of Wipro Limited, in a statement. “Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models.”
The acquisition is expected to close by year-end.
