Wipro To Acquire IVIA
IT tech and consulting service provider Wipro Limited has signed an agreement to acquire IVIA Serviços de Informática Ltda.
Headquartered in Brazil, IVIA provides IT solutions including system development, maintenance, consulting and project management services to clients in the consumer goods and manufacturing sectors, as well as those in retail, financial services, transportation and healthcare.
Wipro has offices across five countries in Latin America — Brazil, Mexico, Chile, Colombia and Costa Rica — and this move will help Wipro expand its footprint in the region, as well as set up delivery centers in the Northeast Brazil leveraging IVIA’s workforce.
“We welcome employees of IVIA to the Wipro family. They bring with them unique strengths and experience that will be of immense benefit to Wipro,” said said Mukund Seetharaman, VP and head of LATAM, Wipro Limited. “We continue to make strategic investments in this region and this acquisition will help Wipro address the needs of clients across multiple verticals. Wipro’s digital capabilities combined with IVIA’s strengths will maximize benefits for clients.”
The acquisition expected to be completed by the end of September.