Wipro completes divestment of data centre operations in India

Image
Press Trust of India New Delhi
Last Updated : Oct 01 2018 | 8:55 PM IST

IT major Wipro Monday said it has completed the divestment of its data centre operations in India to Ensono.

In March, the Bengaluru-based company had said it will divest its hosted data centre services business, consisting of Wipro Data Centre and Cloud Services, Inc (US), a portion of data centre business in Germany and UK, and certain employees in India who support the said operations to Ensono for USD 405 million.

Then in June this year, the company had said it had completed divestment of Wipro Data Centre and Cloud Services, Inc, as well as data centre business in Germany and UK to Ensono for USD 399 million.

"As a further update, we would like to inform that the divestment of data centre operations in India to Ensono has been completed on September 30, 2018," Wipro said in a regulatory filing Monday.

The divestment of data centre operations in India entailed a consideration of USD 6 million.

In its March filing, Wipro had said the deal would see transition of eight data centres and over 900 employees of the hosted data centre services business to Ensono. Also, Wipro was to make a strategic investment of USD 55 million in Ensono's combined entity.

The hosted data centre services business had become a part of Wipro when the IT services firm acquired Infocrossing Inc in 2007.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 01 2018 | 8:55 PM IST

Next Story