Wipro announced to acquire the US-based Viteos Group for USD 130 million (nearly Rs 861 crore), a move that will help the country’s third-largest IT services firm strengthen its position in the capital markets outsourcing space.
About Viteos Group :
- Viteos Group is a BPaaS provider for the Alternative Investment Management Industry.
- Founded in 2003 and headquartered in Somerset, New Jersey.
The acquisition is subject to customary closing conditions and regulatory approvals and will be completed in the quarter ending March 2016.
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