Wipro to sell part of its Appirio business to Alight for $110 million

Workday and Cornerstone OnDemand were part of Wipro's $500 million acquisition of Appirio in 2016.

Wipro on Wednesday said it will divest two of its cloud-based HR solutions—Workday and Cornerstone OnDemand—to US-based Alight Solutions for about $110 million.

The divestment of the two businesses, which came to Wipro when it acquired Indianapolis-headquartered cloud services company Appirio for $500 million in 2016, will also lead to rebadging of around 350 employees by Alight.

While $100 million of payout will come to Wipro with the closure of the deal, rest $10 million will be paid after one year based on various performance parameters.

"This agreement will enable Wipro to sharpen its focus on key offerings where it has a leadership