Wipro buys UK firm Capco in $1.5 billion deal

BENGALURU: Wipro will acquire London-based global management and tech consultancy Capco for $1.5 billion to bolster its presence in the banking, financial services & insurance (BFSI) space.
The deal, which is Wipro’s largest acquisition ever, will also give the Indian tech services giant a strong consulting footprint.
The deal comes under CEO Thierry Delaporte, who took over in July last year, and demonstrates a desire to regain the momentum the company has lost to rivals over the past several years.
Wipro’s other big acquisitions include those of US-based cloud consultancy firm Appirio for $500 million in 2016, and of UK-based Infocrossing for $600 million in 2007.