Business Standard

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.

Abidali Neemuchwala, Wipro CEO
Premium

Abidali Neemuchwala, Wipro CEO

Debasis Mohapatra Bengaluru
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 27 2019 | 9:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com