The Sao Paulo-based 20-year-old InfoServer provides custom application development and software deployment services in the Brazilian market.
“The acquisition will help us expand our presence in Brazil’s traditional and competitive banking, financial services and insurance (BFSI) market and add domain and process knowledge in the sector,” Wipro said in a statement.
With some of the largest Brazilian banks as InfoServer’s marquee clients, the buyout aligns with Wipro’s aim to localise, expand its presence and become a partner of choice in the Latin America market.
Wipro has offices in Argentina, Brazil, Chile, Colombia and Mexico across the region.
This acquisition closely aligns with Wipro's vision to localise, expand its presence and become a significant partner of choice in the Latin American market and an end-to-end IT services provider that brings global expertise while operating as a local company.
.@Wiproto to acquire #Brazilian IT firm InfoSERVER SA for $8.7 mn; its Q3 net profit falls 5.8% to Rs.2,115 cr. pic.twitter.com/1wiOaO0vOw— Press Release Watch (@PrReleaseWatch) January 25, 2017
“The acquisition will help us expand our presence in Brazil’s traditional and competitive banking, financial services and insurance (BFSI) market and add domain and process knowledge in the sector,” Wipro said in a statement.
With some of the largest Brazilian banks as InfoServer’s marquee clients, the buyout aligns with Wipro’s aim to localise, expand its presence and become a partner of choice in the Latin America market.
Wipro has offices in Argentina, Brazil, Chile, Colombia and Mexico across the region.
This acquisition closely aligns with Wipro's vision to localise, expand its presence and become a significant partner of choice in the Latin American market and an end-to-end IT services provider that brings global expertise while operating as a local company.
