Wipro acquires US-based consulting firm Convergence Acceleration Solutions
Wipro acquires US-based consulting firm Convergence Acceleration Solutions
Wipro will pay an upfront consideration of $50 million and contingent consideration of $30 million, to be payable over 3 years, for the acquisition of the company.
The jo--t entity will provide clients with services ranging from strategy development and planning to execution and implementation.
The jo--t entity will provide clients with services ranging from strategy development and planning to execu
IT company Wipro on Monday said it has acquired US-based consulting and program management company Convergence Acceleration Solutions, LLC.
Wipro will pay an upfront consideration of $50 million and contingent consideration of $30 million, to be payable over 3 years, for the acquisition of the company.
Convergence Acceleration Solutions (CAS) specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers. "CAS Group's deep-rooted client relationships and strong domain expertise, combined with Wipro's execution capabilities will deliver an end-to-end professional services solution and immediate impact to clients," Wipro said in a release.
The jo--t entity will provide clients with services ranging from strategy development and planning to execution and implementation.
Founded in 2007, CAS Group delivers strategic transformation programs to clients across 17 centers of service including mobile/ wireless, business, and fiber-optic services, as well as cable, data, and telecom retail solutions.
Its range of services include operational support system (OSS) and business support system (BSS) transformation, application modernisation, broadband infrastructure services, and telco network enablement of digital products, such as 5G, Internet of Things (IoT), and Network as a Service, the release said.