Monday, September 3, 2018

Wipro Wins the Biggest Deal in B’luru IT Firm’s History of $1.5-B from Alight Solutions

Wipro, India’s third largest IT services company has announced that it had won a $1.5 billion deal from US-based Alight Solutions.

The deal, spanning 10 years, is the largest one ever taken up by the company in its history. The deal will mandate Wipro to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions, a leader in tech-enabled health, wealth, HR and finance solutions.

In a release issued, Wipro stated that the deal will result in revenues of $1.5 to $1.6 billion for Wipro over the tenure.

This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analytics.

Commenting on the development Wipro Chief Executive Officer and Executive Director Abidali Z Neemuchwala said the company is delighted to be chosen by Alight as their long-term strategic partner in their enterprise transformation journey to bring digital experiences and offerings to employees and employers globally.

“This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES™. We will leverage this expertise to digitalize and modernize Alight’s core across platforms, technologies and operations,” he said. 

Wipro completed on August 31 the transaction to acquire Alight HR Services India Pvt Ltd, India arm of Alight Solutions. This was announced during Q1 results. The deal win further help the company to solidify its third position, where it is facing tough competition from HCL.

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