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BANGALORE, INDIA & LONDON & NEW YORK – (BUSINESS WIRE) – Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a global leader in information technology, consulting, and business process services, announced today that it has entered into an agreement to acquire Capco, a global management and technology consultancy , provides digital, advisory, and technology services to financial institutions in the Americas, Europe, and Asia Pacific.

Headquartered in London, Capco customers include many brand names in the global financial services industry. For the past 20 years, the company has worked closely with business executives, including boards and c-suites in the banking, capital markets, wealth, asset management and insurance offerings and thought leaders on key technology challenges and opportunities in the industry. In addition, Capco looks after customers in the energy and raw materials trading sector.

Capco has an experienced leadership team and over 5,000 world-class business and technology consultants in more than 30 locations worldwide who support customers with their expert knowledge, entrepreneurial approach and focus on delivery quality.

This acquisition makes Wipro one of the world’s largest end-to-end service providers for consulting, technology and transformation for the banking and financial services industry. By combining Wipro’s capabilities in strategic design, digital transformation, cloud, cybersecurity, IT and operational services with Capco’s domain and advisory strengths, customers gain access to a partner who can deliver integrated, bespoke solutions to drive growth and achieve their transformation goals.

Thierry Delaporte, CEO and Managing Director of Wipro Limited, said, “We are very excited to welcome the admirable leadership team and employees of Capco and global customers to Wipro. Together we can offer our customers high-end consulting and technology transformations as well as operational offers. Wipro and Capco share free business models and core values, and I’m sure our new Capco colleagues will be proud to call Wipro at home. ”

Lance Levy, CEO of Capco, said: “We are very excited to join our new colleagues at Wipro. Together we will offer tailor-made transformative end-to-end solutions, now based on innovative technology on a large scale, to create a new leading partner for the financial services industry. We look forward to leveraging the complementary skills and similar cultures of both companies to drive change in the industry and bring exciting opportunities to our customers and employees. ”

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ended June 30, 2021.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a global leader in information technology, consulting, and business process services. We use the possibilities of cognitive computing, hyper-automation, robotics, cloud, analytics and new technologies to help our customers adapt to the digital world and make it successful. As a globally recognized company for its comprehensive service portfolio, its strong commitment to sustainability and its good corporate citizenship, we employ over 190,000 committed employees who look after customers on six continents. Together we discover ideas and connect the dots to build a better and brave new future.

About Capco

Capco is a global technology and business consultancy specializing in advancing digital transformation in the financial services industry. With a growing customer portfolio of over 100 global organizations, Capco operates at the intersection of business and technology, combining innovative thinking with unparalleled industry knowledge to accelerate transformation initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s ingenuity is brought to life through its Innovation Labs and award-winning Be Yourself at Work culture and diverse talent. To find out more, visit www.Capco.com or follow us on Twitter, Facebook, YouTube, LinkedIn Instagram and Xing.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs about future events, many of which are inherently uncertain and beyond Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, future financial operating results, and Wipro’s plans, expectations and intentions. Wipro advises readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to fluctuations in our profits, sales and profits, our ability to generate and control growth, complete planned corporate actions, fierce competition in IT services and our ability to maintain our costs Benefit of wage increases in India, our ability to attract and retain highly skilled workers, time and cost overruns on fixed price and fixed term contracts, customer concentration, immigration restrictions, our ability to manage our international operations, decreased demand for technology in our main areas of activity, disruption in telecommunications networks , our ability to successfully complete and integrate potential acquisitions, liability for damage to our service contracts, the success of the companies in which we make strategic investments, tax withdrawal government incentives, political instability, war, legal restrictions on raising capital or acquiring businesses outside of dia, unauthorized use of our intellectual property, and general economic conditions that affect our business and our industry. The conditions caused by the COVID-19 pandemic could lower technology spending, affect demand for our products, affect customer spending and adversely affect our customers ‘ability or willingness to purchase our offerings, delaying potential customers’ purchasing decisions, and impacting our ability To provide on-site consulting services and our inability to supply our customers or delay the provision of our offerings, which could adversely affect our future sales, operating results and overall financial performance. Our business operations can also be adversely affected by a number of external factors related to the COVID-19 pandemic over which we have no control. Additional risks that could affect our future operating results are more fully described in our filings with the Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These documents are available at www.sec.gov. From time to time we may make additional written and oral forward-looking statements, including statements made in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We undertake no obligation to update any forward-looking statements made by us or on our behalf from time to time.