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Wipro sells data services business to US firm

IANS  |  Bengaluru 

Global software on Wednesday announced selling its hosted to US-based hybrid IT services provider for $405 million (Rs 2,633 crore).

"The deal will result in acquiring our eight data centres along with their 900 employees to expand its footprint and global service capabilities," said the city-based IT in a statement here.

The two entities also signed an agreement to jointly address the hybrid IT needs of Wipro's enterprise customers worldwide.

"As part of the deal, we will invest $55 million (Rs 358 crore) in Ensono's combined entity," said

The acquisition is expected to close in the quarter ending June 2018.

Wipro, which has been providing IT management solutions for enterprises since 1993, operates data centres globally, with expertise across multiple environments and platforms, including mainframes, iSeries, Unix, Windows and servers.

The was one of the three businesses that became a part of when it acquired for $600 million in 2007.

The other two Infocrossing businesses -- and in the and ERP (Enterprise Resource Planning) implementation services were integrated with the company's other businesses and are not part of this divestment.

"As we focus on newer digital areas of spend, our investment and partnership with will enable us to remain committed to meeting the hosted needs of our customers," said

The Chicago-headquartered provides hybrid IT services, from cloud to mainframe, that enable clients to digitally transform their

The acquisition of Wipro's will double Ensono's size, diversify its client portfolio and increase its annual revenue to $550 million.

"The acquisition and partnership with increases our ability to scale and service our clients and expand our data centre operations in Germany, Britain and the US, besides establishing an operational presence in India," said in the statement.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 21:58 IST