Wipro to Acquire Select Alpha Net Customer Contracts in $70.8 Million Deal

The latest update is out from Wipro Limited ( (IN:WIPRO) ).

Wipro Limited, through its subsidiaries, has signed a definitive agreement to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries, an information technology services provider founded in 2001 and headquartered in Santa Clara, California, with additional operations in Singapore, India, the U.K., and the Netherlands. The cash transaction, valued at up to $70.8 million including an earnout component and expected to close by June 30, 2026, will give Wipro access to key clientele, associated contracts, and related workforce, bolstering its AI-powered, consulting-led application services capabilities and creating new growth opportunities as it broadens its enterprise software development, data engineering, and managed services portfolio.

Alpha Net Group’s contracts being acquired generated revenues of $27.9 million in 2023, $34.4 million in 2024, and $37.3 million in 2025, underscoring the growth profile of the customer base Wipro is adding. The deal, which does not involve related parties and requires no government or regulatory approvals, represents a targeted business acquisition rather than an equity stake, signaling Wipro’s focused strategy to deepen its presence in AI-first enterprise solutions and enhance its competitive positioning in global IT services.

More about Wipro Limited

Wipro Limited is a global information technology services company that offers consulting-led, AI-powered application services and related digital solutions. The company serves a broad enterprise client base across key markets, seeking to strengthen its position in high-value software development, data engineering, and managed services segments worldwide.

Average Trading Volume: 873,995

Technical Sentiment Signal: Hold

Current Market Cap: 2146.5B INR

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