Wipro’s $70 million AI push ahead of Q4 results: To acquire select contracts of Alpha Net Group
Top-tier tech major, Wipro has announced that it will acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries (Alpha Net Group). Wipro, is set to fund the acquisition through cash.
According to Wipro’s statement to the exchanges, the acquisition will help it gain access to key clients, existing contracts, and related workforce. The move is expected to strengthen its AI-powered and consulting-led application services, opening up new growth opportunities.
