Wipro announces acquisition of global SAP firm Rizing for $540 mn

The deal, which is expected to close by June 30, will strengthen acquirer's capabilities in large SAP transformative engagements

Continuing on its inorganic play, Bengaluru-headquartered Wipro on Tuesday announced the acquisition of Rizing Intermediate Holdings, a global SAP consulting firm, for a consideration of $540 million (around Rs 4,060 crore).

The company stated that the acquisition will significantly expand its breadth of capabilities in helping businesses transform into intelligent enterprises.

The acquisition is subject to regulatory approvals and is expected to close before the end of the quarter ending June 30, 2022.

Rizing is the latest in a series of acquisitions by Wipro, underscoring the company’s ambitious growth agenda. The acquisition will allow Wipro to build SAP consulting capabilities bringing strategic consulting