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Announced

Completed

Wipro completed the acquisition of Encore Theme Technologies.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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business processes

Domestic

Acquisition

Single Bidder

information technology

consulting

saas solutions

Majority

cloud solutions

India

Friendly

Private

Software

Completed

Synopsis

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Wipro, a global information technology, consulting and business process services company, completed the acquisition of Encore Theme Technologies, a specialist in providing SaaS and Cloud solutions in financial services. Financial terms were not disclosed. The acquisition is subject to customary closing conditions and is expected to close in the quarter ending December 31, 2020. “We are excited to have the team at Encore Theme join us. They bring a wealth of trade finance product expertise coupled with significant delivery experience of Finastra solutions for both Trade Finance and Cash Management implementations. Together with Wipro’s reach across the region and proven system integration capabilities, this will help strengthen our position as a dominant player across the globe implementing Finastra solutions,” Angan Guha, Wipro Senior Vice President and Global Head, Banking, Financial Services & Insurance.

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