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Wipro hunts for strategic acquisitions to grow the service line

Tags: Wipro, start-ups, digital business, Oracle, cloud applications, Drivestream, Wipro Ventures

March 25, 2015 | COMMENTS ( 0 )

Wipro hunts for strategic acquisitions to grow the service line

India's leading information technology firm Wipro's newly-appointed digital unit head Rajan Kohli recently said that they may look at acquisitions to grow the service line.

Wipro aims to make its digital business as one of its top three service lines within the next three years. Kohli also mentioned that they will soon hire more specialised talent for the newly-created digital unit.

"We are obviously looking to hire people with a different set of skills, who will also be compensated differently from the rest of the organisation," said Kohli.

Kohli was earlier heading Wipro's banking and financial services business prior to his elevation as head of digital. In his new role, Kohli will report directly to CEO TK Kurien.

Wipro is mostly looking to hire executives, who have experience in areas such as cloud computing, analytics, artificial intelligence and automation.

Last month, the firm announced to spun off Wipro's investment in next gen programmes, overseen by Rishad Premji's strategy office, into a separate entity in a bid to drive innovation and create solutions to fundamentally disintermediate in its our existing businesses.

Recently, Wipro has also partnered with mobile consumer analytics solutions firm Flytxt. Together, the companies will offer solutions to address industry challenges in generating measurable economic value from fast growing, diverse data streams.

Reportedly, Wipro also invested $5 million in US-based cloud solutions firm Drivestream, a leading Oracle cloud applications systems integrator. This is part of Wipro's strategic drive to actively participate in the external innovation eco-system, for which the company has set up Wipro Ventures, a $100 million fund focused on investing in disruptive start-ups.
 

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