M&A Deals That Reshaped The Channel: October 2016
Submitted by Michael Novinson and Jimmy Sheridan on
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.