Tuesday, November 5

Tag: wipro acquisitions

Wipro acquires global digital engineering and manufacturing group ITI
10Jun By AdityaNo Comments
ACQUISITION

Wipro acquires global digital engineering and manufacturing group ITI

Milford, Cincinnati, United States: Wipro a leading Indian information technology, consulting and business process services company announced that it has acquired International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company. ITI is a world leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services. Through its key solutions for Model Based Enterprise (MBE), data interoperability and data migration, ITI provides the building blocks for Industry 4.0, to help build ‘next generation’ digital enterprises. Founded in 1983, ITI group provides software products and services to some of the world’s leading manufacturers across aerospace, automotive, healthcare, and other segments. ITI has lon...
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Wipro Acquires 26% Stake in Drivestream
14Jun By Press Trust of IndiaNo Comments
ACQUISITION

Wipro Acquires 26% Stake in Drivestream

The country's third largest software services firm Wipro has invested USD 809,690 (about Rs 5.12 crore) in management and IT consulting firm Drivestream. The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing. Wipro now holds 26.1 per cent share in Drivestream (on a fully diluted basis), it added. Established in 2001, Drivestream is privately held and has a workforce of around 73 employees in the US. Its revenue stood at USD 20.5 million in 2016.
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