Wipro to acquire Australian Cybersecurity firm Ampion for 117 million USD. IT major, Wipro on Thursday, said that it had signed an agreement to acquire Ampion, Australia-based Cybersecurity provider DevOps and Quality Engineering Services, for $117 million.
Wipro has signed an agreement to take over Capco in March 2020, a global management and technology consultancy to the BFSI industry, for a cash consideration of $1.45 billion.
Ampion was formed after the merger of IT services providers’ Revolution IT’ and ‘Shelde.’ Revolution IT was an Australian IT services company founded in 2010.
Ampion has its headquarters in Melbourne and offices in Sydney, Brisbane, and zone 3 facility in Canberra. The Australian market is undergoing significant disruption by adopting cloud, DevOps, analytics, and resilience-related digital capabilities across enterprises and public sector entities.
Emkay Global, in its note to investors, said that the acquisition is in line with Wipro’s growth strategies under the new operating model emphasizing investments in focus geographies.
The acquisition will strengthen Wipro’s presence in ANZ markets, widen client reach and drive localization. Wipro derives 5 per cent of its revenues in AUD, and its localization in Australia stood at 40 per cent in 2020. The addition of 500 local employees through Ampion will boost Wipro’s localization efforts in Australia.
As per the company’s press statement, Wipro and Ampion’s combined offerings will bring scale and market agility to respond to customers’ growing demands. Wipro’s new operating model emphasizes strategic investments in focus geographies, proximity to customers, agility, scale, and localization.
NS Bala, CEO – APMEA, Wipro said, “We see Ampion as a complementary force that will help the company expand its footprint and accelerate the journey in the Asia Pacific region.”
“Our clients, employees, and the entire market ecosystem will amazingly benefit from the synergies of Ampion and Wipro’s combined portfolio of transformation offerings,” said Jamie Duffield, CEO of Ampion.