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Introduction
Indian IT giant Wipro Limited has announced the acquisition of Ampion, a Melbourne-based managed service provider. The acquisition, in a $117 million deal, has been signed to reinforce Wipro’s presence in the ANZ market. Adding Ampion, said Wipro, to its offerings in DevOps, engineering transformation as well as security consulting services. It would also bring market agility and scale to respond to the increasing customer demand, says Wipro.
The Indian IT giant further added that the Ampion acquisition is a crucial step for its new operating model, which pays emphasis on strategic investments and focuses on geographies, agility, proximity to customers, scale and localization.
More on Wipro-Ampion acquisition
The Wipro-Ampion acquisition is expected to close in the 3 months ending June 30th 2021. The leadership of the two companies will work together on deciding the brand strategy. Ampion will continue having its operational identity as a Wipro firm during the initial period of acquisition, which is from 6 to 12 months. Ampion CEO, Jamie Duffield will continue leading the business and will also step into a role within the leadership team of Wipro Australia. Moreover, all existing employees are expected to keep their current positions after the acquisition.
Wipro CEO of Asia Pacific, the Middle East, Japan, Africa and India, N.S. Bala said that Ampion is a complementary force that’ll expand Wipro’s footprint in the APAC region. He said ”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.”
See Also: Wipro’s stock price falls after acquiring Capco for US$1.45 billion
Ampion CEO on the acquisition
Commenting on the acquisition, Duffield said that Ampion’s employees, clients and the entire market ecosystem will benefit tremendously from the synergies of Wipro and Ampion’s combined portfolio. He adds that Ampion believes that its experience, capabilities, talent along with proven client credentials in Australia and New Zealand, coupled with the global scale, a deep understanding of domain and delivery and leadership in technology of Wipro, will make Ampion a formidable team. They’re pleased to be a part of Wipro and are looking forward to an exciting journey together, he says.
The to-be-acquired provider, Ampion was formed via a merger between Revolution IT and Shelde, Australian IT service providers, in September 2020. Ampion has its headquarters in Melbourne and offices in Brisbane, Sydney and a zone 3 facility in Canberra.
Conclusion
Wipro’s acquisition of Ampion marks a strategic move to strengthen its foothold in the rapidly growing ANZ market. This $117 million deal is set to enhance Wipro’s capabilities in DevOps, engineering transformation, and security consulting services. The integration of Ampion’s deep local expertise, alongside Wipro’s global reach, will help them respond to the increasing demand for agile, scalable solutions in the region. Ampion’s successful track record and strong client base will bring added value to Wipro, ensuring a bright future for both companies as they merge their resources and expertise. With Ampion continuing its operational identity for the initial period of integration, the collaboration is expected to create significant synergies and provide long-term benefits to employees, clients, and the broader market ecosystem. For more updates and latest tech news, keep reading iTMunch!
FAQs
1. What is the value of the Wipro-Ampion acquisition deal?
The acquisition deal between Wipro and Ampion is valued at $117 million.
2. Why did Wipro acquire Ampion?
Wipro acquired Ampion to strengthen its presence in the ANZ (Australia and New Zealand) market, expanding its offerings in DevOps, engineering transformation, and security consulting services. The acquisition also provides scalability and agility to respond to increasing customer demand.
3. When is the acquisition expected to close?
The acquisition is expected to close by the end of June 30, 2021.
4. Will Ampion maintain its identity after the acquisition?
Yes, Ampion will maintain its operational identity as a Wipro firm for 6 to 12 months after the acquisition.
5. Who will lead Ampion after the acquisition?
Ampion’s current CEO, Jamie Duffield, will continue to lead the business and will also take on a role within Wipro’s leadership team in Australia.
6. What is Ampion’s background?
Ampion was formed through a merger between two Australian IT service providers, Revolution IT and Shelde, in September 2020. It is headquartered in Melbourne, with additional offices in Brisbane, Sydney, and Canberra.
