Wipro signs agreement to buy BPaaS Provider Viteos

Wipro has entered into a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of US$130 million.

“We welcome Viteos employees to the Wipro family. We are excited to join hands with Viteos and expand our Capital markets portfolio in fund accounting services and enhance our Business Process Services capabilities. Viteos brings with it experienced leadership, domain expertise and unique BPaaS capability. We believe we will be able to leverage synergies to offer platform-based transformational services to our customers and continue to dominate the Capital markets outsourcing space,” said Nagendra Bandaru, Senior Vice-President & Head – Business Process Services, Wipro Limited...Read more