Wipro Buys Brazilian IT Services Firm For USD 22.4 mn

WHAT?

Global software major Wipro on Tuesday said that it is acquiring Brazil-based IT consulting & services firm IVIA Servicos de Informatica Ltd for $22.4 million. The deal is aimed at growing operations in Brazil & making strategic investments.

WHO?

IVIA is a 24-year-old Latin firm headquartered in northeast Brazil, with offices in Fortaleza-Ceara, Recife-Pernambuco and Natal-Rio Grande do Norte. 

WHY?

“IVIA’s local talent and our global expertise will help expand our footprint, set up delivery centres in the South American country, leveraging its workforce,” said Wipro.

WHERE?

The Indian tech major has a presence in South America with offices in Brazil, Mexico, Chile, Colombia and Costa Rica.