Wipro to acquire Eximius Design for $80 million(about Rs 586.3 crore)
Wipro to acquire Eximius Design
IT services major Wipro on Tuesday said it’ll acquire Eximius Design for $80 million.
In a regulatory filing Wipro said the purchase consideration is $80 million(about Rs 586.3 crore).
Eximius Design complements,Wipro’s EngineeringNXT core strengths and 35year pedigree in VLSI, and systems design.
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Eximius Design has more than 1,000 employees and had generated consolidated revenues of $35.2 million in 2019.
It provides end to end solutions and services for building smarter, smaller and faster connected products, for various use cases of IoT, Edge Computing, Cloud, 5G and Artificial Intelligence.
The acquisition will help Wipro to expand into newer market segments,and elevate the customer’s journey in nextgeneration technologies, Such as Connected products, Embedded AI and Security, it added.
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