MUMBAI (Reuters) - Wipro Ltd WIPR.NS, India’s third-biggest software services exporter, said on Thursday it had agreed to buy U.S.-based cloud services company Appirio for $500 million.
Appirio has 1,250 employees worldwide, with offices in cities including London and Tokyo.
The deal is expected to be completed during the current quarter, Wipro said in a statement.
India’s $150 billion-plus information technology sector has increasingly been making a shift from its traditional outsourcing business to cloud, automation and digital services to meet the demands of its Western clients.
Wipro reports fiscal second-quarter earnings on Friday.
Reporting by Sankalp Phartiyal; Editing by Mark Potter