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Capco, Plaid To Drive Open Finance Innovation Across Banking Sector crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Wipro plans integration with Capco its biggest buy! Wipro s PMI team is looking effective integration with Capco, which it acquired for $1.45 billion Rukmini Rao | April 16, 2021 | Updated 13:11 IST When Wipro announced the acquisition of London-headquartered Capco, which provides digital, consulting and technology services in BFSI sector for $1.45 billion, analysts saw this as a positive provided the integration went on well. Wipro had earlier stated that the acquisition was an all-cash deal and was expected to be completed during the quarter ending June 30, 2021 subject to regulatory approvals. The company aims to achieve double digit growth in the range of 11-13 percent in FY22, which excludes revenues from the acquisitions. I fully realise the difference in size and in profile, but that s where the richness of the association will come, said Thierry Delaporte, CEO and Managing Director. ....
Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal as the Indian IT major seeks to become a bolder and ambitious company as well as rake in higher revenues from banking and financial services space.
Capco provides services to financial institutions across Americas, Europe and Asia-Pacific, and its clients include many marquee names in the global financial services industry, Wipro said. ....