To provide total outsourcing solutions to ATCO in Canada & Australia
Wipro announced that it has entered into a strategic alliance with Alberta based ATCO, one of Canada's premier corporations. As part of the alliance, Wipro will provide total outsourcing solutions to ATCO in Canada and Australia.Wipro and ATCO have signed a series of Master Services Agreements under which Wipro will provide the complete suite of IT services to ATCO. The agreement is projected to result in revenues of over CAD 120 million (USD 112 million) to Wipro annually, for the next 10 years up to December 2024.
Wipro's IT services delivery model will be further strengthened in North America and Australia by ATCO I-Tek, a subsidiary of ATCO with a presence in both these geographies, which will now become part of Wipro in an all cash consideration of CAD 210 million (USD 195 million). ATCO I-Tek has been providing IT services to ATCO for the past 15 years.
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