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Wipro to buy part of US firm

Bangalore, Nov. 12 (PTI): Software major Wipro today announced that it has entered into a “definitive” agreement to acquire the global energy practice of American Management Systems under a $ 26 million cash deal that would expand its presence in the global energy and utilities market.

The global energy practice has a team of 90 domain experts and IT consultants across the US and Europe. The move strengthens Wipro’s IT service offerings in the energy and utility space, a company statement said.

The acquisition complements Wipro Technologies’ intellectual capital in the areas of complex billing and settlement in energy markets, systems integration, enterprise application integration and providing programme management capabilities to its clients, it added.

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