Wipro to expand footprint in ANZ with intent to acquire Ampion

Wipro to expand footprint in ANZ with intent to acquire Ampion
Photo Credit: VCCircle
1 Apr, 2021

Bengaluru based information technology (IT) services major Wipro on Thursday said it has signed an agreement to acquire Ampion, a Melbourne headquartered provider of cyber security, DevOps and engineering services, in a bid to bolster its services in Australia and New Zealand.  

The acquisition is subject to closing conditions and is expected to close in the quarter ending June 30, 2021, Wipro said in a statement. 

Ampion came into existence in 2019 with the merger of two Australian IT service providers, Revolution IT and Shelde.  While Revolution IT was founded in 2004, Shelde came into functioning in 2010. Ampion currently is headquartered in Melbourne, with offices in Sydney, Brisbane and Canberra.  

“We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region,” N.S. Bala, CEO – APMEA, Wipro said.  

The Australian and New Zealand market, like all markets globally, is undergoing significant disruption through the adoption of cloud, DevOps analytics and related digital technologies. Wipro aims to tap into the needs of the market through its engineering transformation, DevOps and security consulting services which it said will bring scale and agility to customers.  

The plan is in line with Wipro’s new operating model which focuses on geographies, proximity to customers, agility, scale and localisation, the company said.  

“Our clients, employees and the entire market ecosystem will tremendously benefit from the synergies of Ampion and Wipro’s combined portfolio of transformation offerings,” Jamie Duffield, CEO, Ampion said.  

Wipro also announced that has appointed Subha Tatavarti as its chief technology officer, inducting the former PayPal executive into a male-dominant CXO club across top IT services firms in the country.  

Earlier last month, Bengaluru based Wipro, the country’s fourth largest IT services exporter, announced its largest ever acquisition. It is set to acquire London based Capco, inclusive of holding companies Cardinal US Holdings and Cardinal Foreign Holdings and its Indian subsidiary Capco Technologies, in a $1.45 billion all-cash transaction.