Information technology (IT) major Wipro Limited has signed an agreement to acquire Ampion, an Australia-based cybersecurity provider and quality engineering services, for $117 million.
Melbourne-based Ampion, formed through the merger of IT services providers' Revolution IT,' and 'Shelde,' has offices in Sydney, Brisbane, and a zone 3 facility in Canberra.
Revolution IT was an IT services company in Australia founded in 2004, while Shelde was a digital IT security company founded in 2010 in Australia.
The Australian market is undergoing significant disruption through the adoption of cloud, DevOps, analytics, and resilience-related digital capabilities, across enterprises and public sector entities.
Wipro and Ampion's combined offerings, powered by engineering transformation, DevOps, and security consulting services, will bring scale and market agility to respond to customers' growing demands, said a company statement.
"I am excited to welcome Ampion to the Wipro family. Ampion has a successful track record and enjoys immense credibility with leading enterprises in the region, a collaborative work culture, and significant local subject matter expertise. We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region," said NS. Bala, CEO – APMEA, Wipro Limited.
Wipro's new operating model emphasizes strategic investments in focus geographies, proximity to customers, agility, scale, and localization.
The acquisition of Ampion is an important step for Wipro in this direction and strengthens the commitment towards clients and stakeholders in Australia and New Zealand (ANZ).
Wipro has been present in the ANZ market for over two decades with deep client relationships across industry sectors and localized domain and delivery capabilities.
"Our clients, employees, and the entire market ecosystem will tremendously benefit from the synergies of Ampion and Wipro's combined portfolio of transformation offerings," said Jamie Duffield, CEO, Ampion. "We believe that Ampion's experience, talent, capabilities, and proven client credentials in ANZ, coupled with Wipro's global scale, leadership in technology, and a deep understanding of domain and delivery, will make us a truly formidable team. We believe that Ampion's experience, talent, capabilities, and proven client credentials in ANZ, coupled with Wipro's global scale, leadership in technology, and a deep understanding of domain and delivery, will make us a truly formidable team. We are pleased to become a part of Wipro and look forward to an exciting journey together."
The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021.
Wipro's shares were trading up at Rs 417 in a firm Mumbai market on Thursday.