October 20, 2016 / 2:07 PM / a year ago

India's Wipro to buy U.S. cloud services company Appirio for $500 million

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

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