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Wipro inks definitive agreement to acquire Viteos Group for $130 million

23 Dec 2015 Evaluate

Wipro, a leading global information technology, consulting and business process services company, has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry for a purchase consideration of $130 million.

Viteos was founded in 2003 and is headquartered in Somerset, New Jersey. The Viteos Group provides customized straight-through-processing and integrates post-trade operations across every asset class, currency, border or structure for the alternative investment management industry in the United States, Europe and Asia. It is a leader in shadow-accounting services and offers a full range of middle and back-office outsourcing through its 400+ employees.

Viteos will retain its identity to leverage its brand in the Buy-Side and expand its offerings into the larger asset management industry with the backing of Wipro’s size and presence. The management team at Viteos will continue with the business and drive the platform based outsourcing business services.



Wipro Share Price

204.35 -5.85 (-2.78%)
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Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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