Appirio was founded in 2006.
Indian Information Technology service company Wipro has acquired US-based cloud consultancy firm Appirio in a deal that is valued around $400-500 million, reported Times of India.
According to TOI, both the companies didn’t respond to their requests for comment but a website titled ‘Appirio – A Wipro Company’, which has been created on October 13, suggest that the deal has been sealed.
Appirio with more than 1,200 employees and was founded by Chris Barbin, Mike O’Brien, Glenn Weinstein and Indian origin Narinder Singh on 2006. Appirio’s technology offers technology and professional services to companies wishing to adopt public cloud applications
It has raised $111 million from marquee investors including General Atlantic, Sequoia Capital, and Fidelity Management.The company manages complex deployments across cloud, social and mobile, equipping enterprises to integrate cloud-based software like Workday, Medallia, and Salesforce into their workflows in areas including customer service, marketing, operations and order management.
According to reports, this deal would perhaps be Wipro’s second or third largest acquisitions. It had acquired Infocrossing for $600 million and Health Plan Services for $460 million.
“This would be a first-class acquisition to bolster Wipro’s as-a-service capabilities, cloud, mobile and digital acumen. In my view, this would represent one of the most compelling and bold moves from an Indian-heritage major to date,†TOI quoted Phil Fersht, CEO of US-based IT advisory firm HfS Research.
Earlier this year, Wipro had canceled its proposed acquisition of securities processing and fund administration services company Viteos Group because of inordinate delays in completion of closing conditions.
“Appirio’s Amazon web development services around Salesforce and Heroku, where Appirio does some very impressive work for clients such as Eli Lily, would be a major plus for Wipro and sets the firm against the likes of IBM, Capgemini, and Accenture. Wipro had suffered from several failed implementations, and this would really help get it on the map as a Workday partner,†added Fersht.