June 20, 2024

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Wipro to Acquire Rizing to Create an SAP Consulting Powerhouse

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Wipro to Acquire Rizing to Create an SAP Consulting Powerhouse

NEW YORK & BANGALORE, India–(Enterprise WIRE)–Wipro Restricted (NYSE: WIT, BSE: 507685, NSE: WIPRO), a major global information and facts technology, consulting, and company course of action services company, now introduced that it has signed a definitive agreement to obtain Rizing Intermediate Holdings, Inc. (“Rizing”), a global SAP consulting firm, drastically expanding its breadth of capabilities in helping companies transform into smart enterprises.

Rizing is the most recent in a collection of acquisitions by Wipro, underscoring the company’s bold progress agenda. Rizing’s large-touch solution, together with its field skills and SAP consulting capabilities in enterprise asset administration, shopper industries, and human expertise administration, will be instrumental in advancing Wipro’s position as a sought-just after advisor for clients’ most intricate SAP transformations.

“We are thrilled to welcome the Rizing staff to the Wipro household,” mentioned Thierry Delaporte, Chief Govt Officer & Handling Director, Wipro Minimal. “Rizing’s complementary consulting capabilities and robust customer interactions will drastically boost our current offering, making a person of the most differentiated SAP products and services in the marketplace. Jointly, we will be in a position to broaden our existence in superior-growth field sectors.”

Rajan Kohli, President of Wipro’s Suggestions (Built-in Digital, Engineering and Software Companies) business enterprise, extra, “Our clients’ electronic transformation demands are rapidly evolving, and they are turning to us to assistance them come to be Intelligent enterprises. Rizing’s domain knowledge, mixed with our cloud and electronic alternatives, will allow for us to assistance shoppers unlock new price and build agile organizations for a new era of digitalization.”

As 1 of the primary strategic partners in the globe for SAP, Rizing will turn out to be a important extension of Wipro’s SAP Cloud exercise and Wipro FullStride Cloud Solutions. The blended providing will assistance purchasers floor unique business opportunities and new competitive pros by means of SAP cloud implementations. It will also help Wipro expand its leadership in oil & fuel, utilities, manufacturing, and purchaser industries.

“This is the up coming section of progress for Rizing. With Wipro’s backing, we will be in a position to increase the benefit we supply to our recent customers and bring our differentiated providing to a broader universe of organizations,” mentioned Mike Maiolo, Main Government Officer, Rizing. “Combining the two companies will let us to scale our services and broaden our footprint in the current market. We are thrilled to be a part of a enterprise that shares our values and eyesight, enabling us to grow in new strategic areas.”

Upon completion of the acquisition, Rizing will operate as Rizing, a Wipro corporation, below the leadership of Maiolo.

Rizing is headquartered in Stamford, CT, and has a lot more than 1300 workforce in 16 international locations across North America, Europe, Asia, and Australia. Rizing was previously owned by personal equity agency A person Equity Associates.

Guggenheim Securities, LLC acted as special economical advisor to Rizing for this transaction.

The acquisition is topic to regulatory approvals and is predicted to close just before the finish of the quarter ending June 30, 2022.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a primary international facts know-how, consulting, and enterprise procedure solutions enterprise. We harness the electric power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help our purchasers adapt to the digital environment and make them profitable. A company identified globally for its in depth portfolio of providers, sturdy determination to sustainability and excellent company citizenship, we have around 220,000 focused staff members serving customers throughout 6 continents. Together, we find concepts and link the dots to build a better and a bold new foreseeable future.

About Rizing

It’s the encounter that issues. Rizing specialists assist your organization succeed at any position in your SAP journey. Rizing’s aim is to empower your enterprise to unlock the intelligent organization with SAP cloud technologies, our geospatial answers, and our proprietary, chopping-edge solutions to optimize and increase SAP such as Blueline, Lyra, Codex, Mercury, and Hydrogen. With serious-daily life working experience in enterprise regions like business asset management, human funds management, and buyer industries, we know how to simplify your electronic transformation so that your business can be anything you want it to be. From focused modest company demands to comprehensive-scale big business resource arranging alternatives, our SAP-qualified consultants are centered on your expansion. For extra information, remember to check out www.rizing.com or call: Rizing Intermediate Holdings, Inc. at +1 (203) 517-0400, [email protected].

About A single Equity Partners

1 Fairness Companions (“OEP”) is a center market personal equity firm centered on the industrial, health care, and technology sectors in North America and Europe. The organization builds marketplace-foremost firms by determining and executing transformative enterprise mixtures. OEP is a trustworthy associate with a differentiated investment decision system, a wide and senior workforce, and an founded keep track of record producing long-term worth for its companions. Because 2001, the company has accomplished much more than 300 transactions globally. OEP, founded in 2001, spun out of JP Morgan in 2015. The company has places of work in New York, Chicago, Frankfurt and Amsterdam. For additional information, you should stop by www.oneequity.com.

Forward-Looking Statements

The ahead-hunting statements contained herein signify Wipro’s beliefs about long term gatherings, several of which are by their mother nature inherently uncertain and outside the house Wipro’s regulate. Such statements include, but are not minimal to, statements relating to Wipro’s advancement potential customers, its long term economical operating success, and its programs, anticipations, and intentions. Wipro cautions readers that the ahead-searching statements contained herein are subject to challenges and uncertainties that could result in genuine results to vary materially from the outcomes predicted by these types of statements. These types of challenges and uncertainties consist of, but are not restricted to, dangers and uncertainties pertaining to fluctuations in our earnings, revenue and earnings, our ability to deliver and manage expansion, finish proposed corporate steps, powerful levels of competition in IT solutions, our potential to preserve our cost edge, wage boosts in India, our skill to appeal to and retain hugely proficient industry experts, time and price overruns on fastened-cost, preset-time body contracts, client concentration, constraints on immigration, our capability to manage our intercontinental operations, minimized demand for engineering in our critical focus parts, disruptions in telecommunication networks, our ability to efficiently finish and combine prospective acquisitions, liability for damages on our assistance contracts, the results of the firms in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, lawful limitations on elevating money or obtaining businesses outside India, unauthorized use of our intellectual residence and typical economic conditions influencing our organization and field.

Additional challenges that could have an impact on our long run working benefits are extra absolutely described in our filings with the United States Securities and Trade Commission, like, but not restricted to, Once-a-year Experiences on Variety 20-F. These filings are obtainable at www.sec.gov. We may, from time to time, make more prepared and oral forward-looking statements, which includes statements contained in the company’s filings with the Securities and Trade Fee and our reports to shareholders. We do not undertake to update any ahead-on the lookout statement that may be built from time to time by us or on our behalf.

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