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Wipro To Acquire Rizing To Create An Sap Consulting Powerhouse

Apr 26, 2022•over 3 years ago

Acquiring Company

Wipro Limited

Acquired Company

Rizing

BengaluruConsultingSoftwareTransportationSoftware

Description

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 a definitive agreement to acquire Rizing Intermediate Holdings, Inc. (“Rizing”), a global SAP consulting firm, significantly expanding its breadth of capabilities in helping businesses transform into intelligent enterprises.

Company Information

Company

Wipro Limited

Location

Bengaluru, Karnataka, India

About

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 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed