Wipro bags Alpha Net client contracts in $71-million deal
Wipro, India’s fourth largest IT services firm has signed a definitive agreement to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries for up to $70.8 million in cash, as the company looks to strengthen its AI-led consulting and application services business.
The acquisition will give Wipro access to a set of key clients, customer contracts and related employees from Alpha Net Group. The deal also includes deferred earnout-linked payments tied to performance conditions and is expected to close by June 30, 2026.
