IT consulting and enterprise course of companies specialist Wipro has introduced the acquisition of Convergence Acceleration Options (CAS Group) for $80 million.
The US-based consulting and program administration firm specialises in driving large-scale enterprise and expertise transformation for Fortune 100 communications service suppliers.
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Indian multinational Wipro will reportedly pay $50 million upfront for the enterprise, with an allotted contingent consideration of $30 million to be payable over three years.
In an announcement, the corporate mentioned CAS Group’s deep-rooted consumer relationships and robust area experience shall be mixed with its capabilities to ship an end-to-end skilled companies resolution, offering companies starting from technique improvement and planning to execution and implementation.
“CAS Group brings to Wipro a uniquely complementary set of capabilities,” defined Philippe Dintrans, Senior Vice President & International Head, Area & Consulting, Wipro Restricted. “Their long-standing strategic partnerships with among the largest communications service suppliers, mixed with deep experience in massive scale transformation initiatives, will enable us to attain a big aggressive benefit on this high-growth sector.
“As we proceed to execute on our bold progress agenda, we’re thrilled to welcome CAS Group as the most recent addition to the Wipro household and stay up for bringing our full energy to purchasers.”
Based in 2007, CAS Group supplies strategic transformation packages throughout 17 centres of service – together with cellular, enterprise and fibre optic companies, in addition to cable, information, and telecom retail options.
The agency’s vary of options consists of operation assist system (OSS) and enterprise assist system (BSS) transformation, software modernisation, broadband infrastructure companies, and telco community enablement of digital merchandise – corresponding to 5G, IoT, and Community as a Service.
CAS Group CEO Jason McAleer mentioned the acquisition will now allow the enterprise to supply purchasers a broader set of options to assist drive their digital transformation.
“As we embark on the following section of our progress journey, we’re excited to deliver our purchasers a broader set of options that can empower them to understand their transformation targets,” he mentioned.
“We’re extraordinarily pleased with our crew and grateful to our purchasers who made our exceptional success potential. Becoming a member of Wipro will enable us to ship our distinctive and specialised set of capabilities at a world scale, bringing extra worth, extra insights, and the energy of one of many world’s largest expertise companies firms to our purchasers and staff.”
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