Wipro bags 500 million pound deal from UK

IT services company Wipro on Wednesday announced that it has clinched a 500-Million pound ($644.7 Million), 10-year strategic deal from British insurer Phoenix Group.

Announcing the blockbuster deal, Wipro said the project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation.

As per the contours of the deal, Wipro’s existing FCA-regulated entity Wipro Financial Outsourcing Services Limited (WFOSL) will deliver comprehensive life and pension administration services to Phoenix Group’s ReAssure customers.