India based IT Service company, Wipro to acquire InfoSERVER for R$27.6Mn ($8.7Mn). InfoSERVER provides IT Service for Banks & Insurance sector in Brazil. The acquisition is still subject to customary closing conditions and approvals by regulatory bodies in Brazil.
The acquisition of InfoSERVER is expected to helps Wipro to expand its presence in Latin American market and get involved with an end-to-end IT services with local base. Wipro currently has offices across 5 countries (Argentina, Brazil, Chile, Colombia and Mexico) in Latin America.
About InfoSERVER
InfoSERVER is an IT Service company based in Brazil. It was founded in 1995.Its main clients include Financial and banking sectors.
About Wipro Limited
Wipro Limited is an information technology, consulting and business process services company headquartered in Bangalore, India.
Wipro Limited was previously called Western India Palm Refined Oils Limited and recently, Western India Products Limited. It was founded in 1945 by Mohamed Hasham Premji. It serves across 6 continents with its 170,000 employees.