Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced that it has signed an agreement
to acquire Ampion, an Australia-based provider of cyber security,
DevOps and quality engineering services.
Ampion was formed through the merger of IT services providers
‘Revolution IT’ and ‘Shelde’. Revolution IT was an IT services
company in Australia founded in 2004 and Shelde was a digital IT
security company founded in 2010 in Australia. The merged entity,
Ampion is headquartered in Melbourne, with offices in Sydney,
Brisbane, and a zone 3 facility in Canberra.
The Australian market is undergoing significant disruption
through the adoption of cloud, DevOps, analytics and resilience
related digital capabilities, across enterprises and public sector
entities. Wipro and Ampion’s combined offerings, powered by
engineering transformation, DevOps and security consulting services
will bring scale and market agility to respond to the growing
demands of customers.
Wipro’s new operating model emphasises strategic investments in
focus geographies, proximity to customers, agility, scale and
localisation. The acquisition of Ampion is an important step for
Wipro in this direction, and strengthens the commitment towards
clients and stakeholders in Australia and New Zealand (ANZ). Wipro
has been present in the ANZ market for over two decades with deep
client relationships across industry sectors and localised domain
and delivery capabilities. Today, Wipro is well known for its
differentiated technology solutions, and has also been recognized
as a ‘Top Employer’ in Australia for two consecutive years.
“I am excited to welcome Ampion to the Wipro family. Ampion has
a successful track record and enjoys immense credibility with
leading enterprises in the region, a collaborative work culture,
and significant local subject matter expertise. We see Ampion as a
complementary force that will help us expand our footprint and
accelerate our journey in the Asia Pacific region,” said N.S.
Bala, CEO – APMEA, Wipro Limited.
“Our clients, employees and the entire market ecosystem will
tremendously benefit from the synergies of Ampion and Wipro’s
combined portfolio of transformation offerings,” said Jamie
Duffield, CEO, Ampion. “We believe that Ampion’s experience,
talent, capabilities and proven client credentials in ANZ, coupled
with Wipro’s global scale, leadership in technology, and a deep
understanding of domain and delivery, will make us a truly
formidable team. We are pleased to become a part of Wipro and look
forward to an exciting journey together.”
The acquisition is subject to customary closing conditions and
regulatory approvals and is expected to close in the quarter ending
June 30, 2021
About Ampion
Ampion is a leading Australian provider of cyber security,
DevOps and quality engineering services. With an expert, local team
of more than 500 consulting and technology specialists, Ampion is a
trusted delivery partner to over 150 clients in Australia
comprising of enterprises and public sector entities. Headquartered
in Melbourne, with offices in Sydney, Brisbane and a zone 3
facility in Canberra, Ampion unites 26 years of engineering
excellence from award-winning IT service providers Revolution IT
and Shelde.
For more information, please visit www.ampion.com.au.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
global information technology, consulting and business process
services company. 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. A company recognized globally for its
comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, we have over 190,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
Forward-Looking Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control. Additional risks that
could affect our future operating results 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 filings 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 do not undertake to update any forward-looking
statement that may be made from time to time by us or on our
behalf.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210331006011/en/
Wipro Media Contact: Purnima Burman Wipro Limited
purnima.burman@wipro.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Apr 2023 to Apr 2024