News: Wipro to acquire Alight HR Services India for $117 Mn

C-Suite

Wipro to acquire Alight HR Services India for $117 Mn

The deal is expected to close in the quarter ending September.
Wipro to acquire Alight HR Services India for $117 Mn

One of the biggest software exporters of India, Wipro Ltd. is all set to purchase US-based Alight Solutions’ India operations for $117 Mn in cash.

Alight Solutions, currently, provides benefits administration and cloud-based HR and financial solutions to 1,400 clients serving 19 million employees and their 18 million family members. With this strategic partnership Alight wishes to accelerate investment in consumer-facing technologies and services across its health, wealth and cloud businesses.

The deal between Wipro and Alight is only a part of a broader long-term strategic partnership between the two companies.

Wipro CEO Abidali Neemuchwala said, "Our focus will be to modernize Alight's core technology assets and further automate its operations to enhance the user experience of Alight's end customers. Wipro's expertise and best practices in cloud and smart analytics, and investments in proprietary platforms such as Wipro HOLMES™ will enable this transformation."

While Wipro will be focusing on automating Alight's operations,  Alight will be looking forward to leveraging Wipro's strengths in automation, machine learning and data analytics for speeding up its business.

"Our partnership with Wipro enables us to leverage Wipro's innovation and leadership in automation and digital technologies while increasing our investments to harness market trends and deliver even better solutions for our clients as their needs and those of their people evolve," said Chris Michalak, CEO of Alight Solutions.

US-based Alight Solutions ( previously known as Aon services India) had set up its Indian operations in September 2016. Back then it had developed a set of technology and delivery capabilities across its India centers located in Gurgaon, Noida, Mumbai and Chennai. And in 2017-18 it registered revenue of Rs 1,132 crore. Currently, it has more than 9,000 employees in the country. 

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Topics: C-Suite, #MergersAndAcquisitions

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