Wipro to acquire cloud firm Encore Theme Technologies

Wipro Ltd on Wednesday said it has signed a definitive agreement to acquire Encore Theme Technologies Pvt. Ltd, a specialist in providing software-as-a-service (SaaS) and cloud solutions in financial services.

The acquisition will close in the quarter ending 31 December, 2020.

Over the past decade, Chennai-headquartered Encore Theme has focused on implementing a broad suite of trade finance solutions, developed by Finastra, one of the world’s largest fintechs, to financial institutions across the Middle East, Africa, India and Asia Pacific.