India’s Wipro buys cloud consultancy and work marketplace Appirio for $500M

October 20, 2016 Appirio

 

Some more consolidation afoot in the cloud services industry, specifically around integration services. Wipro, a IT services company originally founded in India,announced that it has acquired Appirio — a consultancy focused on cloud services and cloud integration — for $500 million.

The deal confirms earlier reports of the acquisition, where the rumored price was $400 million.

Combining the two companies will create a large IT services giant that will compete closer with the likes of IBM and other big players in the area of systems integration, but specifically with a workforce more geared around the “on-demand” model that permeates so much of the tech world’s economics today.

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