Wipro, a home grown global leader of Information Technology, consulting and business process services, declared signing of an agreement to obtain ‘Capco’, a global management and technology consultancy company that provides digital, consultancy and technology services in the US, Europe and Asia Pacific countries.

The acquisition will be open to regulatory approvals as well as other closing conditions and is supposed to close in the quarter ending of June 30, 2021.

“We are incredibly excited to join our new colleagues at Wipro. Together we will offer bespoke transformational end-to-end solutions, now powered by innovative technology at scale, to create a new leading partner to the financial services industry. We look forward to leveraging the complementary capabilities and similar cultures of both companies to drive industry change and offer exciting opportunities for both our clients and our people”, adds Lance Levy, CEO of Capco.

Most of Capco’s clients are those with big names in the global financial industry and the energy and commodities trading sector. The company holds an experienced executive team and about 5000 world class business and technology consultants based in beyond 30 global locations.

Thierry Delaporte, CEO and Managing Director of Wipro Limited, expressed that, “we are very excited to welcome Capco’s admirable leadership team and employees and global clients to Wipro. Together we can deliver high-end consulting and technology transformations and operations offering to our clients. Wipro and Capco share complementary business models and core guiding values and I am certain that our new Capco colleagues will be proud to call Wipro home”.

For over 20 years Capco has collaborated with business leaders, also Board and C-Suites in the banking, capital markets, wealth, asset management and insurance sectors. It is known for its expertise in its deep domain and consulting aspect, risk and regulatory offerings and thought leadership in key industry technology challenges and opportunities.

Capco is a global technology and management consultancy, an expertise in steering digital transformation in the financial services industry. It holds an ever-growing client portfolio of about hundred global organizations.

It operates at the intersection of business and technology by connecting creative thinking with unrivalled industry knowledge to speed up transformation initiatives for the banking and payments, capital markets, wealth and asset management, insurance and the energy sector. Its originality is established through Innovation Labs and the award-winning, ‘Be Yourself at Work’ culture and diverse talent.