Indian multinational corporation, Wipro, which majors in providing information technology, consulting and business process services, on Thursday, signed an agreement to acquire Ampion, an Australia-based provider of cybersecurity, DevOps and quality engineering services, for a cash consideration of $117 million.
In a regulatory filing, Wipro mentioned that the acquisition of Ampion is an important step for Wipro in the direction of development, and that it will strengthen the commitment towards clients and stakeholders in Australia and New Zealand (ANZ). The acquisition, which is subject to customary closing conditions and regulatory approvals, is expected to close in the quarter ending June 30, 2021.
Earlier in March, Wipro signed an agreement to acquire Capco, a global management and technology consultancy headquartered in London, for a cash consideration of $1.45 billion, its largest acquisition ever.
The fusion of IT services providers ‘Revolution IT’ and ‘Shelde’ gave birth to Ampion. Revolution IT was an IT services company founded in 2004 in Australia, and Shelde was a digital IT security company founded in 2010 in Australia. Ampion, the outcome of the merged companies, emerged as a cybersecurity, DevOps and quality engineering services provider company. Ampion is headquartered in Melbourne, with offices in Sydney, Brisbane, and a zone 3 facility in Canberra.
Wipro’s APMEA CEO, N.S. Bala, expressed his excitement on the arrival of Ampion to Wipro. He said, “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.”
Ampion’s CEO, Jamie Duffield, showed similar sentiment. He said, “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.”
It is Wipro’s and Ampion’s aim that their combined efforts, powered by engineering transformation, DevOps and security consulting services, will bring about increase in productivity, and strengthen market agility.