{"id":1077,"date":"2016-10-20T16:47:59","date_gmt":"2016-10-20T16:47:59","guid":{"rendered":"http:\/\/www.rsoftsolution.com\/blog\/indias-wipro-buys-cloud-consultancy-and-work-marketplace-appirio-for-500m.html"},"modified":"2016-10-20T16:47:59","modified_gmt":"2016-10-20T16:47:59","slug":"indias-wipro-buys-cloud-consultancy-and-work-marketplace-appirio-for-500m","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/indias-wipro-buys-cloud-consultancy-and-work-marketplace-appirio-for-500m.html","title":{"rendered":"India\u2019s Wipro buys cloud consultancy and work marketplace Appirio for $500M"},"content":{"rendered":"


\n<\/p>\n

Some more consolidation afoot in the cloud services industry, specifically around integration services. Wipro<\/a>, a IT services company originally founded in India, announced<\/a> that it has acquired\u00a0Appirio<\/a>\u00a0\u2014 a consultancy focused on cloud services and cloud integration \u2014 for $500 million.<\/p>\n

The deal confirms\u00a0earlier reports<\/a> of the acquisition, where the rumored price\u00a0was\u00a0$400 million.<\/p>\n

Combining the two companies will create a large IT services giant that will compete closer with the likes of IBM and other big players in the area of systems integration, but specifically with a workforce more geared around the \u201con-demand\u201d model that permeates so much of the tech world\u2019s economics today.<\/p>\n

Namely, it\u00a0will give Wipro \u2014 which had made a name for itself originally in areas like business process outsourcing and helping clients move certain parts of their business offshore \u2014 a big step up into working with IT contractors globally using cloud infrastructure, by way of the fact that Appirio in 2013 acquired TopCoder<\/a>, a marketplace for designers, developers and data scientists who take on projects remotely.<\/p>\n

\u201cIn an increasingly digital world, as consumer behaviors and expectations continue to be reshaped by experiences, companies are recognizing that they need to transform how they engage with customers and employees by leveraging the power of Cloud. Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models,\u201d said Abidali Z. Neemuchwala, Chief Executive Officer Executive Director, Wipro Limited, in a statement.<\/p>\n

Appirio, which is based out of\u00a0Indianapolis but operates globally, had raised about $111 million<\/a> from investors like Fidelity, General Atlantic and Sequoia. Its customers includes tech giants like Facebook, eBay and Sony PlayStation, as well as big brands like Coca-Cola and Home Depot. It also worked extensively with Salesforce and Workday, two deals that Wipro said it would continue under the Appirio brand.<\/p>\n

The continuation of those\u00a0deals, in fact, seemed so important to the acquisition, that the companies\u00a0even got endorsements in from Salesforce\u2019s and Workday\u2019s CEOs as part of the official announcement.<\/p>\n

\u201c[Appirio\u2019s CEO Chris Barbin] and his team have spent the last decade building Appirio into a global leader delivering amazing customer experiences with Salesforce,\u201d said Marc\u00a0Benioff, chairman and CEO of\u00a0Salesforce. \u201cI couldn\u2019t be more proud of Appirio as it joins Wipro, where together they will continue to drive customer success on a much larger scale.\u201d<\/p>\n

Appirio will be a relatively small part of Wipro\u2019s organization as far as the permanent workforce is concerned, but it will add a huge component in terms of freelance workers. Wipro employs a whopping 170,000 employees, while Appirio counts just 1,250, but on top of that tens of thousands of contractors that are on\u00a0its marketplace platform to pick up data science, design, and developer jobs from Appirio customers.<\/p>\n

\u201cWhen you combine Wipro\u2019s global scale and deep digital focus with Appirio\u2019s transformative worker and customer experience expertise, and best in class team, brand, and partners, you create a formidable force in the industry,\u201d said Barbin, Appirio\u2019s CEO. \u201cTogether, our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share, and best places to work.\u201d<\/p>\n

Wipro itself\u00a0has been public since 2000 and has mostly grown on its own, with Appirio\u00a0being only the 10th acquisition in that time. At $500 million, it\u2019s also the most expensive for Wipro, which itself is valued at around $18 billion.<\/p>\n

Featured Image: Pakhnyushchy<\/a>\/Shutterstock<\/a><\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/ROft7Lhvpl8\/<\/p>","protected":false},"excerpt":{"rendered":"

Some more consolidation afoot in the cloud services industry, specifically around integration services. Wipro, a IT services company originally founded in India, announced that it has acquired\u00a0Appirio\u00a0\u2014 a consultancy focused <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-1077","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t