Wipro Acquires U.S. based company Viteos

Wipro goes on to acquire I.T. company Viteos

COMPANY

Viteos Group

COMPANY TYPE

Unlisted

INDUSTRY

IT & ITES

SECTOR

BPO (Capital Markets)

CITY (TARGET)

New Jersey

COUNTRY (TARGET)

USA

 

ACQUIRER

Wipro

ACQUIRER COMPANY TYPE

Listed

INDUSTRY (ACQUIRER)

IT & ITES

CITY (ACQUIRER)

Bangalore

COUNTRY (ACQUIRER)

India

Viteos provides Business Process as a Service for the alternative Investment Management Industry. They provide customized straight-through-processing and integrates post- trade operations across every asset class, currency, border or structure for the alternative investment management industry in the United States, Europe and Asia. It offers a full range of middle and back-office outsourcing through its 400+ employees.

Viteos Group last three year revenue are as$14.5 million in 2012-13, $22.2 million in 2013-14 and $26.5 million in 2014-15.

Viteos Group was Acquired by Wipro for INR 865 Cr. in the month of December in 2015

Source:- http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/274C31BF_E750_4AA7_B790_7DB82DFD82A1_082959.pdf