M&A Deals That Reshaped The Channel: October 2016

http://i.crn.com/logos/wipro-logo.jpg

1. Wipro

Company acquired: Appirio

Head count: 1,250 employees

Annual revenue: $196 million

Purchase price: $500 million

Date of announcement: Oct. 20

Business process services goliath Wipro plans to purchase cloud services powerhouse Appirio to improve its market share and position around Salesforce and Workday.

The company, No. 21 on the 2013 CRN Solution Provider 500, said acquiring Indianapolis-based Appirio will create one of the world's largest cloud transformation companies, making the combined firm the partner of choice for clients looking to modernize their processes and platforms on next-generation cloud applications.

Wipro said its existing Salesforce and Workday cloud applications practices will be consolidated under the Indianapolis-based company's brand and structure.