New Delhi, Oct. 20: IT company Wipro today said it will acquire cloud services company Appirio for $500 million (around Rs 3,340 crore) in a cash transaction.

"Once completed, Wipro's acquisition will create one of the world's largest cloud transformation practices, a game changer in the digital economy," it said.

After the acquisition, Wipro will also have access to Topcoder, a crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers.

Wipro will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Chris Barbin, CEO of Appirio, will lead the expanded business.

Established in 2006, US-based Appirio has offices in Jaipur, San Francisco, Dublin, London, and Tokyo. It has 1,250 employees. Its revenue in 2015 stood at $196 million. Appirio's clients include Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot and Sony PlayStation.

"In an increasingly digital world, as consumer expectations continue to be reshaped, companies are recognising that they need to transform how they engage with customers by leveraging the power of Cloud," said Wipro CEO Abidali Z Neemuchwala.