Wipro acquires U.S. firm for $50 mn
The Hindu
Bengaluru
Wipro on Monday announced the acquisition of Convergence Acceleration Solutions (CAS Group), a U.S.-based consulting and programme management firm, in a $50-million cash deal.
CAS, which specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers, reported a revenue of $28 million during the calendar year 2021 and employs 145 people.
Wipro said in a regulatory filing that the transaction would be completed before April 12, 2022.
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