Azim Premji's Wipro set to acquire Australian IT & Cybersecurity firm Ampion for $117 million

• The acquisition would help Wipro to strengthen its presence in the Australian and New Zealand market.
• According to the reports, the deal could worth about $117 million.
• Wipro has been considered the top employer in Australia for two consecutive years.

Azim Premji-owned Wipro, which provides information technology and consulting services, on Thursday, said it has signed an agreement to acquire Ampion, an Australian-based cybersecurity, DevOps, and engineering services provider for $117 million (Rs 857 crore).

The deal is subject to customary closing conditions and regulatory approvals and is expected to be completed by June 30, 2021. The investment is part of Wipro's operating model that emphasizes strategic investments in focus regions, proximity to customers, agility, scalability, 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), the company said in a press statement.

Wipro has been present in the Australian and New Zealand market for over two decades with client relationships across industry sectors and localized domain and delivery capabilities. The deal would help the company to expand its expertise across the ANZ market.

Ampion was formed through the merger of Australian-based IT service and cybersecurity firms --- ‘Revolution IT’ and ‘Shelde’ --- the company is headquartered in Melbourne and has a team of over 500 employees. It has its offices in Sydney, Brisbane, and a zone 3 facility in Canberra. Ampion claims to have over 150 clients in the Australian region.

"Wipro and Ampion’s combined offerings, powered by engineering transformation, DevOps and security consulting services will bring scale and market agility to respond to the growing demands of customers," the statement said.

Last month, IT major Wipro had agreed to acquire England-based consulting firm Capco $1.41 billion, which is the largest recorded acquisition of Wipro to date. Speaking on the development. N.S. Bala, CEO – APMEA, Wipro Ltd, said, “I am thrilled to welcome Ampion to the Wipro family. It 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,” he added.

Also Read: HCL Technologies Allocates One-Time Bonus Worth Rs 700 Crore For Employees

“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 of 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."

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.