Bengaluru-based information technology (IT) services major Wipro has signed a definitive agreement to acquire engineering services company Eximius Design for an undisclosed amount.
Subject to customary closing conditions and regulatory approvals, the acquisition is expected to close in the quarter ending December 31, 2020, a statement said.
Eximius' offerings and solutions, it said, will be consolidated as a part of Wipro’s EngineeringNXT framework, providing customers with a platform to innovate and engineer the next generation of products and platforms at scale.
Eximius provides end-to-end solutions and services to build smarter, smaller and faster connected products for various use cases of internet of things (IoT), industry 4.0, edge computing, cloud, 5G and artificial intelligence, the statement said.
Founded in August 2013 and headquartered in San Jose, California, Eximius runs design centres in the US, India and Malaysia. Its clientele includes Fortune 100 corporations, companies across semiconductors, cloud and hyperscale infrastructure, consumer electronics and automotive segments.
“Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers,” Harmeet Chauhan, senior vice president of industrial and engineering services at Wipro, said.
Additionally, clients will also gain access to Wipro’s global scale and offerings, along with Eximius’ innovative solutions to accelerate the adoption of ASIC, FPGA, systems and software engineering initiatives, Jay Avula, CEO of Eximius Design, said.
This is the third acquisition for Wipro in the financial year 2020-21 -- it also bought European Salesforce multi-cloud partner 4C for €68 million and Brazilian firm IVIA Serviços de Informática for $22.4 million.
Last month, Wipro’s peer HCL Technologies announced its intent to acquire a 100% stake in Australian IT solutions firm DWS for about $115.6 million in an all-cash deal.