Wipro bags $1.5 B deal from US-based Alight Solutions
The deal spread over 10 years will see Wipro provide digital solutions to Alight through the use of technology platforms such as cognitive automation and data analytics.
Wipro, India’s third largest IT services exporter has bagged a $1.5 billion deal from US-based Alight Solutions LLC spread over a 10-year period. This is one of the largest business deals bagged by Wipro to date.
A statement from Wipro said that it won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, which provides technology-enabled health, wealth, HR and finance solutions. “This deal will result in revenues of $1.5 to $1.6 billion for Wipro over the tenure,” it said.
Among the top tier Indian IT companies, Tata Consultancy Services (TCS) has been in the forefront bagging multi-billion dollar deals.
Under this deal, Wipro will enable the digital transformation of Alight’s offerings across segments through leveraging its technologies in areas such as cognitive automation and data analytics.
“Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s leading position in automation and innovation, while allowing Alight to invest in its health, wealth and cloud-based solutions to meet the needs of our clients,” said Chris Michalak, CEO, Alight Solutions.
Commenting on the deal, Wipro CEO Abidali Neemchwala said, “This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES.”
In July this year, Wipro had announced the acquisition of Aight’s India operations in a deal valued at estimated $117 million. Following this buyout, Wipro took over Alight HR Services India which has five offices across four locations - Gurugram, Noida, Mumbai, and Chennai. This also added over 9,000 employees to Wipro’s headcount.
Wipro for the first quarter of current fiscal reported a net profit of Rs 2,094 crore and the revenue stood at Rs 13,978 crore.
