InvestorQ : Can you tell me about the purpose of Wipro acquiring Ampion of Australia?
Aashna Tripathi made post

Can you tell me about the purpose of Wipro acquiring Ampion of Australia?

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Aditi Sharma answered.
2 weeks ago
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Wipro, one of the top IT players in India, announced that it had agreed to acquire two companies. These include DevOps which is into Cybersecurity and Ampion which is into quality engineering services. Both these companies are based out of Australia and are expected to be completed and consummated by 30 June. This deal is expected to bring scale and speed in Wipro’s ability to respond to market imperatives.

Ampion was formed by the merger of one IT services company and one digital IT security company and is currently headquartered in Melbourne and having offices in important Australian cities like Sydney, Brisbane and Canberra. Wipro is in the forefront of tapping the huge cloud adoption opportunity in the Australian market and the digital capabilities of DevOps would be extremely relevant in that space.

In the last few quarters, if there is one reason the Wipro stock has done very well, it is because of its new operating model which emphasises strategic investments in focus geographies through inorganic M&A. Wipro has been a key player in the ANZ space and these deals give Wipro greater proximity to customers, agility, scale and localisation.

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