IT companies large Wipro has acquired Convergence Acceleration Options (CAS Group), a Roswell, GA-based administration and expertise consulting agency serving the telecommunications trade.
Based in 2007, CAS Group serves shoppers throughout the areas of cell/wi-fi, enterprise and fiber-optic companies, and cable, knowledge, and telecom retail options. The agency’s consulting choices embody operational assist system and enterprise assist system transformation, software modernization, broadband infrastructure companies, and community enablement of digital merchandise resembling 5G and IoT.
CAS Group has roughly 145 staff and annual income of $28.1 million.
Wipro pays an upfront consideration of $50 million and a contingent consideration of $30 million, payable over three years, to amass CAS Group.
The deal will give Wipro an end-to-end skilled companies answer for telecom shoppers, with companies starting from technique improvement and planning to execution and implementation.
“Communications service suppliers in North America are on the cusp of serious transformation pushed by new connectivity applied sciences, options, and differentiated enterprise fashions,” mentioned Malay Joshi, SVP and sector head for communications, media, and knowledge companies at Wipro. “CAS Group aligns very effectively with Wipro’s strategic priorities of strengthening our shopper partnerships by offering differentiated enterprise options with expertise at scale within the markets we serve.”
Philippe Dintrans, SVP and international head of area and consulting at Wipro, added, “Their long-standing strategic partnerships with a number of the largest communications service suppliers, mixed with deep experience in massive scale transformation tasks, will permit us to attain a major aggressive benefit on this high-growth sector.”
Wipro final 12 months acquired monetary companies trade consultancy Capco for $1.5 billion. The India-headquartered firm additionally final 12 months purchased Edgile, an Austin-based cybersecurity consulting agency, for $230 million.
“Becoming a member of Wipro will permit us to ship our distinctive and specialised set of capabilities at a worldwide scale, bringing extra worth, extra insights, and the power of one of many world’s largest expertise companies corporations to our shoppers and staff,” mentioned John McAleer, CEO of CAS Group.