Friday, November 15, 2024

Wipro to acquire Ampion for $117 million

Wipro to acquire Ampion for $117 million

IT services major Wipro on Thursday said it will acquire Ampion, an Australia-based provider of cybersecurity, DevOps, and quality engineering services for $117 million (about Rs 857 crore).

The acquisition of Ampion is an important step for Wipro in this direction, and strengthens the commitment towards clients and stakeholders in Australia and New Zealand (ANZ), Wipro said in a regulatory filing.

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021, it added.

“The purchase consideration is $117 million (1 AU$=0.78 US$),” the filing said.

Ampion was formed through the merger of IT services providers ‘Revolution IT’ and ‘Shelde’. Revolution IT was an IT services company in Australia founded in 2004 and Shelde was a digital IT security company founded in 2010 in Australia.

The merged entity, Ampion is headquartered in Melbourne, with offices in Sydney, Brisbane, and a zone 3 facility in Canberra.

Annual revenues run rate of Ampion for the year ending June 30, 2020 was $85.5 million, of which about 12 per cent was related to products sale.

The Australian market is undergoing significant disruption through the adoption of cloud, DevOps, analytics and resilience related digital capabilities, across enterprises and public sector entities, the filing said.

Wipro and Ampion’s combined offerings, powered by engineering transformation, DevOps and security consulting services will bring scale and market agility to respond to the growing demands of customers, it added.

Last month, Wipro had announced it will acquire London-headquartered Capco, a global management and technology consultancy, in a $1.45 billion (over Rs 10,500 crore) deal – its biggest acquisition till date.

Wipro’s new operating model emphasises strategic investments in focus geographies, proximity to customers, agility, scale and localisation.

Wipro has been present in the ANZ market for over two decades with deep client relationships across industry sectors and localised domain and delivery capabilities.

“I am excited to welcome Ampion to the Wipro family. Ampion has a successful track record and enjoys immense credibility with leading enterprises in the region, a collaborative work culture, and significant local subject matter expertise. We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region,” Wipro CEO – APMEA NS Bala said.

Jamie Duffield, CEO of Ampion, said the company’s clients, employees, and the entire market ecosystem will tremendously benefit from the synergies of Ampion and Wipro’s combined portfolio of transformation offerings.

“We believe that Ampion’s experience, talent, capabilities, and proven client credentials in ANZ, coupled with Wipro’s global scale, leadership in technology, and a deep understanding of domain and delivery, will make us a truly formidable team. We are pleased to become a part of Wipro and look forward to an exciting journey together,” he added.

Editorial

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Working Hours in India: Key Laws Every Employee Must Know

Following the tragic death of EY employee Anna Perayil...

IT Industry: 5 Key Indicators of Revival in India’s Tech Sector

Based on the recent second-quarter Q2FY25 results released by...

Labour Laws Evolution in India: A Decade of Reform and Resilience

In response to the changes in India's economic landscape,...

Must Read

Intel is hiring Interns & freshers for various profiles; check details

An American multinational corporation and technology company headquartered in...

Top 5 HR Trends in 2020 for E-Commerce

As technology is pushing human evolution, businesses need to...

HSBC appoints Hitendra Dave as India Chief Executive Officer

Hitendra Dave succeeds Surendra Rosha who is moving to...

CSS Corp to hire 1,300 people in India from campuses in 2022

Sunil Mittal, Chief Executive Officer, CSS Corp said that...

TCS iON is hiring 2018- 2024 freshers, last day to apply is July 31

TCS iON, a strategic unit of Tata Consultancy Services...

Haryana govt passes bill on 75% job quota for local people

Haryana govt passes bill on 75% job quota in...

Apraava Energy Appoints Garima Kochar as Vice President- HR

In a significant leadership move, Apraava Energy appoints Garima...

Tanvi Choksi, CHRO, JLL, Asia Pacific on Workplace Challenges in 2024

In Conversation with Tanvi Choksi, CHRO, JLL, Asia Pacific...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/