This Indian IT company to make 1 billion USD investment in the cloud.

Wipro on Tuesday announced its plan of 1 billion USD investment in the cloud over the next three years in building capabilities in cloud technologies, including acquisitions and partnerships in the space.

Wipro also announced the launch of ‘Wipro Fullstride Cloud Services,’ a portfolio of services that will help it offer comprehensive cloud transformation capabilities to its clients.

Thierry Delaporte, managing director and CEO at Wipro, said, “Cloud adoption is at the core of any IT transformation initiative, and the company’s clients have been turning to Wipro for digital transformation.”

He said that with a 1 billion USD investment in the cloud capabilities, and the launch of Wipro Fullstride Cloud Services, Wipro is in a stronger position to simplify, orchestrate and accelerate the cloud journey for its clients.

Wipro said that the 1 billion USD investment in the cloud commitment is in line with the consistent growth in its cloud business, which employs over 79000 employees. Additionally, more than 10000 of these employees are certified by leading cloud service providers.

The company added that some of its large deal wins over the last year have been in the cloud space, including its multi-year tech transformation deal with German retailer Metro AG which has the largest ever revenue potential of 1 billion USD for Wipro.

It has also made cloud-related deals in last year with Telefonica Germany O2, Verifone, and E.ON.

Timo Salzsieder, CIO, Metro AG, said, “Cloud adoption and innovation are a mandatory part of our IT strategy. As Metro operates in more than 25 countries, quickly migrating to the cloud enables decentralization, speed, agility, and flexibility in engineering and development.”

Wipro said that its Fullstride Cloud Services collaborates between its chief Growth Office and existing global business lines. However, It will announce a new leader for the business shortly.