April 13, 2022
IT companies large Wipro Ltd. (NYSE: WIT) introduced Monday that it acquired Convergence Acceleration Options LLC, a Roswell, Georgia-based consulting and program administration firm.
The deal requires Wipro to pay $50 million up entrance and one other $30 million in contingent consideration payable over the following three years for a complete of as much as $80 million.
CAS Group, based in 2007, delivers strategic transformation packages to purchasers throughout 17 facilities of service together with cellular/wi-fi, enterprise and fiber-optic companies, in addition to cable, knowledge and telecom retail options.
“CAS Group brings to Wipro a uniquely complementary set of capabilities,” stated Philippe Dintrans, senior vice chairman and international head of area and consulting for Wipro Ltd. “Their long-standing strategic partnerships with among the largest communications service suppliers, mixed with deep experience in large-scale transformation initiatives, will enable us to attain a big aggressive benefit on this high-growth sector.”
CAS Group had income of $28.1 million in its final fiscal 12 months ended Dec. 31, 2021. It has 145 staff.