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Technology Fortnightly – Wipro to acquire Rizing 

30 Apr, 2022

In this fortnightly, we discuss about Wipro's acquisition of Rizing. On 26 April 2022, Wipro announced that it had agreed to acquire Rizing, a global SAP consulting company for $540m, representing an EV / Sales multiple of 2.8x based on CY 2021 financials. Rizing brings strategic SAP consulting capabilities and deep expertise in the oil & gas, utilities, manufacturing, and consumer industries to Wipro.
 

Technology Fortnightly – Wipro acquires Convergence Acceleration Solutions

15 Apr, 2022

In this fortnightly, we discuss about Wipro's acquisition of Convergence Acceleration Solutions. On 11 April 2022, Wipro announced that it had acquired Convergence Acceleration Solutions (CAS Group), a Roswell, GA-based business and technology advisory services company for $80m, representing an EV / Sales multiple of 2.8x based on CY 2021 financials. The combined entity will provide communication service providers (CSPs) with strategy development and planning, execution and implementation services.
 

Sign up for The Chesapeake Group's publication of the Technology Services Fortnightly. It provides an overview of recent transactions and public valuations in the information technology services space. In addition, it also covers major developments and articles conveying our view of the digital world.