Wipro has acquired US-based IT marketing consultant Convergence Acceleration Options (CAS Group) for US$80 million in a transfer aimed toward successful IT service contracts with America’s massive telecom corporations.
With unique service facilities for all segments of the telecom business, CAS Group is specialised in offering expertise companies to ICT corporations.
Based in 2007, CAS claims to have all expertise options required by telecom corporations to realize an edge of their market. Its shoppers vary from telecom carriers to information middle operators, and submarine cable operators to telecom capability distributors.
Analysts say CAS eases Wipro’s bid to land profitable offers with the worldwide ICT market.
“Their long-standing strategic partnerships with among the largest communications service suppliers, mixed with deep experience in large-scale transformation tasks, will permit us to attain a big aggressive benefit on this high-growth sector,” mentioned Philippe Dintrans, senior vice chairman at Wipro, which relies in Bangalore, India.
CAS Group has employed round 150 individuals and reported US$28 million in income for the calendar yr 2021.
“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, an govt at Wipro.