Wipro to buy UK-based consultancy Capco for US$1.45 billion Toggle share menu
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04 Mar 2021 08:35PM Share this content
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BENGALURU: Wipro Ltd said on Thursday it would buy British consultancy Capco for US$1.45 billion in cash, as the Indian software giant looks to boost its offerings for the financial services industry that generates the bulk of its revenue.
London-based Capco makes 96per cent of its revenue from Europe and North America, from where Indian IT services companies have traditionally won the most lucrative contracts.
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Wipro and its rivals including Infosys Ltd and Tata Consultancy Services Ltd have become major global players, offering services spanning from back-office work for banks to social media content moderation as well as traditional technical support.