Next event:

The QA Financial Forum: Chicago 2018

25 April, 2018
News and research on financial software quality assurance and risk management

Wipro targets LatAm with $8.7m deal

26 January 2017
Indian technology firm makes inroads in Latin American market with acquisition of InfoSERVER.

Indian technology firm Wipro has agreed to acquire InfoSERVER, an IT service provider based in Brazil that has a focus on the financial sector. The deal will cost Wipro $8.7m.

InfoSERVER , founded in 1995, counts Banco Bradesco, one of Brazil’s largest private banks, among its customers, as well as HSBC, Allianz, and Santander. The company provides support in the areas of IT infrastructure, training, and testing.

Wipro says that the acquisition is part of a strategic initiative to expand its services in Latin America. The technology provider already has offices in five countries in the region: Argentina, Brazil, Chile, Colombia, and Mexico.

“The Latin American market and Brazil in particular is a strategic growth and investment region for Wipro,” said Ankur Prakash, vice president and head of new growth and emerging market at Wipro.

Prakash added that the acquisition: ”Will provide Wipro with scale and key client relationships, especially in the banking, financial services and insurance domains, which are the largest and fastest growing sectors in the region.”

The QA Vector 500: your route to the right partner

Looking for a quality assurance, IT risk, or testing partner? Then you need access our expertly researched resource tracking the most important 500 service providers, from the largest to the most specialist.

Sign up now

Get the latest
by email

Newsletter Sign-Up
First Name*
Last Name*

I understand my contact details will be entered into your database and used to contact me by email with QA Financial's newsletter. See our privacy policy here.

Opted-in to receive newsletter
Source - newsletter sign-up form