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Amidst Slowdown Fears, Wipro Wins $1.5 Billion Deal From US Company, Its Biggest Ever
Wipro headquarters in Bengaluru (Hemant Mishra/Mint via Getty Images)
Wipro has secured a $1.5 billion ten year deal from US-based Alight solutions, Times of India has reported. This is the biggest deal bagged by Wipro in its history.
Wipro’s previous top deal (worth $1.1 billion) was signed in 2014 with a Canadian logistics firm Atco. The only other Indian IT company which has bagged multiple billion dollar deals is Tata Consultancy Services (TCS).
Wipro will have a ten-year partnership with Alight, a company that deals with cloud-based human resources, administration and financial services. Alight has 1,400 clients and 14 global delivery centres. The company had clocked revenues of $2.4 billion in 2016.
Alight will take advantage of Wipro’s capabilities in cognitive automation and data analytics to enhance its services. Chief Executive Officer (CEO) of Alight solutions, Chris Michalak said that their partnership would enhance the client experience.
A few months back, Wipro and Alight had signed a $117 million deal to run captive centre operations of Alight in India. CEO of Wipro, Abidali Neemuchwala said that the deal was a testimony to the capabilities of the company which has been built with strategic investments.
The deal is seen as a major boost to Wipro, which has been the slowest growing amongst the big IT companies.
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