Wipro invests $1.2 million in Squadcast for less than 20% stake

Synopsis
The Wipro-Squadcast deal is part of a business partnership with the SaaS startup to provide IT incident response and site reliability engineering services.
ETtech
Wipro will acquire a strategic minority stake of under 20% in Squadcast, according to a regulatory filing. The deal is expected to conclude before June 30.
Bengaluru: IT services firm
Wipro Ltd. has invested $1.2 million in Squadcast, as part of a business partnership with the software-as-a-service (SaaS) startup to provide IT incident response and site reliability engineering services.
Wipro will acquire a strategic minority stake of under 20% in Squadcast, according to a regulatory filing on Wednesday. The deal is expected to conclude before June 30.

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