Wipro steps up digital acquisitions and recruitment
Wipro is said to be seeking to acquire digital-native companies as it looks to burnish its high-tech credentials. According to a statement from the Bangalore-headquartered business process outsourcing giant, its digital unit is now one of its key operating divisions, contributing almost 40% of total revenue in Q32019. As a sign of its determination to expand its related offering, it has already acquired strategic design firm Designit, IT consulting firm Appirio, design consultancy Cooper, design agency Syfte and the International TechneGroup, a digital engineering / manufacturing solutions business.
Commenting on the strategy, Rajan Kohli, the president of Wipro Digital, said the acquisitions would allow the company to extend its existing capabilities and presence across a range of different markets. As of the end of the third quarter, revenue from Wipro’s digital arm had shown a 29% year-on-year increase and a 7% sequential rise in constant currency terms, a result Kohli sees as demonstrating “continued robust growth”. He also emphasized that the company’s acquisitions and capacity to deliver end-to-end digital transformations has already resulted in the win of a number of new contracts, a development that would ensure the digital proportion of the overall business would continue to expand. In addition to its acquisitions, Wipro is also said they have stepped up its recruitment of experienced, high-end digital personnel.
