Wipro to invest Rs 100 cr for data centre in Germany

In a bid to strengthen its presence in the European market, India's third-largest information technology services company Wipro Technologies opened a data centre in Meerbusch, Germany, with an investment of euro15 million (Rs 100 crore). The opening of the centre fits into the company's strategy of going local in European market.

“Meerbusch data center enables us to be closer to our European customers. This would help us in providing managed services and cloud offerings to our European customers who want our local presence there,” T K Kurien, CEO of IT business said.

As a part of the company’s restructuring in January, Kurien had also charted out a programme for the company called going local and be close to the customers. As per the strategy, the company has even appointed separate business heads for countries like Germany and France.

Europe is the second-fastest growing geography for the company after the APAC region.

According to a recent study by the Deutsche Bank and Value Leadership Group, the slowdown in economic activity in Europe, could spur the large European banks to increase their business activity with Indian IT services companies more than the global companies.