Wipro to sell Workday and Cornerstone OnDemand to Alight for $110 million

BENGALURU: WiproNSE -0.27 % said it would sell its Workday and Cornerstone OnDemand practices, acquired through Appirio buyout, to Alight for $110 million. The Bengaluru-headquartered IT services major the divestiture agreement will result in approximately 350 employees in Wipro’s Workday and Cornerstone OnDemand teams moving to Alight.

Wipro said in a press release that a definitive agreement between the company and Alight Solutions has been signed to divest this business to Alight for cash consideration of up to $110 million. Of the total, $100 million would be payable at the closure of the agreement closing and the rest $10 million would paid at the end of 12 months based on the achievement.