Wipro Bagged 1.5 Billion Dollar Deal from United States’ Alight Solutions
India’s leading IT services organization, Wipro has won an over $1.5 billion engagement from Illinois-based Alight Solutions LLC. This is said to be the biggest deal till date.
Under the 10-year deal, Wipro will provide a comprehensive suite of solutions and services to Alight Solutions that provides technology-enabled health, wealth, HR and finance solutions.
“This deal will result in revenues of $1.5 to 1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date,” Wipro said in a statement.
This engagement will enable the digital transformation of Alight’s offerings and enhance the employee experience of Alight’s clients by leveraging Wipro’s strengths in digital technologies, cognitive automation, and data analytics, it added.
“Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s leading position in automation and innovation while allowing Alight to invest in its health, wealth and cloud-based solutions to meet the needs of our clients,” Alight Solutions Chief Executive Officer Chris Michalak said.
Wipro’s larger peer Tata Consultancy Services (TCS) has bagged three large multi-year large deals totaling over $5 billion in revenue since December 2017.
The current deal will come as a shot in the arm for the Bengaluru-based firm, which saw its first-quarter profits this fiscal grow over 2 percent to Rs 2,120 crore and revenue rising 4.72 percent to Rs 14,307 crore as compared to the previous year.
Wipro CEO and Executive Director Abidali Z Neemuchwala said the deal reflects the capabilities the company has built through strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES.
“We will leverage this expertise to digitalize and modernize Alight’s core across platforms, technologies, and operations,” he added.
In a separate BSE filing today, Wipro said, “the transaction has been completed on August 31, 2018”.
Alight HR Services India (formerly known as Aon HR Services India) was set up in September 2016. It has about 9,000 employees and registered revenue of Rs 1,132 crore in 2017-18. It has centers in Gurugram, Noida, Mumbai, and Chennai.