Wipro to acquire IVIA Serviços de Informática Ltda, a specialized IT Services provider to Financial Services, Retail and Manufacturing sectors in Brazil
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, signed an agreement to acquire Brazil based IVIA Serviços de Informática Ltda.
IVIA is headquartered in the Northeast of Brazil, with offices in Fortaleza-Ceará, Recife-Pernambuco and Natal-Rio Grande do Norte. Founded in 1996, IVIA provides IT solutions including system development, maintenance, consulting and project management services to clients in different sectors such as Financial Services, Transportation, Retail, Healthcare, Consumer Goods and Manufacturing in Brazil.
IVIA’s local talent and long-standing relationships combined with Wipro’s global expertise will help expand the geographical footprint in Brazil. The acquisition will also help Wipro set up delivery centres in the North East of Brazil leveraging IVIA’s workforce.
Wipro has a significant presence in Latin America with offices across five countries in the region - Brazil, Mexico, Chile, Colombia and Costa Rica. In Brazil, Wipro has a vision to grow the operations by bringing the best of its global experience to the local market and becoming a partner of choice as an end-to-end IT services provider. This acquisition is another significant step towards Wipro’s commitment to this region.
“We welcome employees of IVIA to the Wipro family. They bring with them unique strengths and experience that will be of immense benefit to Wipro. We continue to make strategic investments in this region and this acquisition will help Wipro address the needs of clients across multiple verticals. Wipro’s digital capabilities combined with IVIA’s strengths will maximize benefits for clients,” said Mukund Seetharaman, Vice President and Head of LATAM, Wipro Limited.
Welcoming the acquisition, Alexandre Menezes, Founder and Chief Marketing Officer, IVIA Serviços de Informática Ltda said, “We are excited about what Wipro and IVIA can deliver jointly to clients, transform communities and leverage information technology to empower people. Wipro’s fast-growing presence in the region, digital transformation capabilities, its global customer portfolio and delivery model will help our talent and customers immensely.”
With continuous investment in quality and process, IVIA is one of the few Brazilian companies that has an ISO 9001, MPS.BR and CMMI rating, and has been elected, for the tenth consecutive year, as one of the best companies to work for in Brazil, according to the Great Place to Work ®.
The acquisition is subject to customary closing conditions and is likely to be completed in the quarter ending September 30.
