Indian tech giant, Wipro Limited announces that it has signed a definitive agreement to acquire Eximius Design, a leading engineering services company. Eximius is well known for its strong expertise in semiconductor, software and systems design. The 2013-born company is headquartered in San Jose, California, and has design centers in the US, India and Malaysia, catering to semiconductors, cloud & hyperscale infrastructure, consumer electronics and automotive segments. These offerings and solutions will be consolidated as a part of Wipro’s EngineeringNXT framework.

In a statement, Harmeet Chauhan, Senior Vice President, Industrial & Engineering Services, Wipro Limited, said, “Eximius enables Wipro to strengthen market leadership in VLSI and systems design services by expanding our market presence and strengthening our technical leadership in the semiconductor ecosystem, to help accelerate silicon innovation for our customers. We are pleased to welcome Eximius’ employees and look forward to help our customers innovate at scale and deliver next generation connected products, faster.”

Commenting on the occasion, Jay Avula, CEO, Eximius Design, said, “Our customers, employees and the entire semiconductor ecosystem will tremendously benefit from the synergies of Eximius and Wipro’s combined portfolio of offerings. Clients will gain access to Wipro’s global scale and offerings, along with Eximius’ innovative solutions to accelerate the adoption of ASIC, FPGA, systems and software engineering initiatives. We are pleased to become a part of the Wipro family.”

Wipro has also announced its financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2020. The group’s gross revenue was valued at ₹151.1 billion ($2.1 billion1), which implicates an increase of 1.4 percent QoQ and a decrease of 0.1 percent YoY. The IT Services Segment Revenue was valued at $1,992.4 million, which shows an increase of 3.7 percent QoQ. Following the results, the company’s shared today have cracked six percent.