Wipro Acquires Convergence Acceleration Solutions to Expand Its Consulting Capabilities for Communications Service Providers

NEW YORK & BANGALORE, India–(BUSINESS WIRE)–Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global leader in information technology, consulting and business process services, announced today that it has acquired Convergence Acceleration Solutions, LLC (CAS Group), a US-based consulting and program Management firm focused on driving large-scale business and technology transformations for Fortune 100 communications service providers.

CAS Group’s deep-rooted client relationships and strong domain expertise, combined with Wipro’s execution capabilities, will provide an end-to-end professional service solution and immediate client impact. The combined entity will provide clients with services ranging from strategy development and planning to execution and implementation.

“CAS Group brings a unique set of complementary capabilities to Wipro,” he said Philippe Dintrans, Senior Vice President & Global Head, Domain & Consulting, Wipro Limited. “Their longstanding strategic partnerships with some of the largest communications service providers, combined with deep expertise in large-scale transformation projects, will allow us to achieve a significant competitive advantage in this high-growth sector. As we continue to execute on our ambitious growth agenda, we are delighted to welcome CAS Group as the newest member of the Wipro family and look forward to making our full strength available to customers.”

Founded in 2007, CAS Group offers customers strategic transformation programs including mobile/wireless, business and fiber services, as well as retail cable, data and telecom solutions through 17 service centers. CAS Group’s extensive range of services includes operational support systems (OSS) and business support systems (BSS) transformation, application modernization, broadband infrastructure services and telecom network enablement of digital products such as 5G, Internet of Things (IoT) and Networks as a Service.

Communications service providers in North America are on the cusp of a significant transformation driven by new connectivity technologies, solutions and differentiated business models,” he said Malay Joshi, Senior Vice President and Sector Head of Communications, Media and Information Services at Wipro. “CAS Group aligns very well with Wipro’s strategic priorities of strengthening our customer partnerships by offering differentiated business solutions with qualified staff in the markets in which we operate. Combined with Wipro’s deep engineering know-how and extensive capabilities in cloud, IoT, 5G commercialization and our comprehensive digital business offerings – everything from customer experience and digital design to security and compliance – the addition of CAS Group to Wipro -Family put an end to customers -to-end global technology, consulting and business transformation capabilities.”

John McAleer, Chief Executive Officer, CAS Group added: “As we enter the next phase of our growth trajectory, we are excited to offer our clients a broader range of solutions that will enable them to achieve their transformation goals. We are very proud of our team and thank our customers who have made our remarkable success possible. Joining Wipro will allow us to deliver our unique and specialized capabilities on a global scale, delivering more value, more insight and the strength of one of the world’s largest technology services companies to our customers and employees.”

The acquisition of CAS Group is another step in Wipro’s journey to becoming a sought-after strategic partner for customers’ most complex business transformation needs.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a global leader in information technology, consulting and business process services. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. As a company recognized worldwide for our comprehensive portfolio of services, strong commitment to sustainability and responsible community engagement, we have over 220,000 dedicated employees serving clients on six continents. Together we discover ideas and connect the dots to build a brighter and bold new future.

About convergence acceleration solutions

Convergence Acceleration Solutions, LLC is an independent consulting firm providing strategic business and technology consulting services to the telecommunications industry and its partners. We have 138 consultants with deep expertise and hands-on experience with a 14-year track record of proven results at some of the largest telecom companies in North America.

ILLUM Partners acted as exclusive financial advisor to Convergence Acceleration Solutions, LLC on the transaction. Thompson Hine LLP represented Convergence Acceleration Solutions, LLC as transaction counsel.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs with respect to future events, many of which are inherently uncertain and beyond Wipro’s control. Such statements include, but are not limited to, statements about Wipro’s growth prospects, its future financial results of operations and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. These risks and uncertainties include, but are not limited to, risks and uncertainties related to variability in our revenues, earnings and profits, our ability to generate and manage growth, execute planned corporate actions, intense competition in IT services, our ability to sustain our cost advantage , wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-time, fixed-price contracts, customer concentration, immigration restrictions, our ability to manage our international businesses, reduced demand for technology in our focus areas, disruptions in telecommunications networks , our ability to successfully complete and integrate potential acquisitions, liability for damages under our service contracts, the performance of the companies in which we make strategic investments, reversals me fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring businesses outside of India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future results of operations are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These documents are available at www.sec.gov. We may from time to time make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. We undertake no obligation to update any forward-looking statements made by or on our behalf from time to time.

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