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Wipro, Alight Solutions sign definitive agreement

28 Feb 2019 Evaluate

Wipro and Alight Solutions have agreed to expand their relationship by signing a definitive agreement to divest Wipro's Workday and Cornerstone OnDemand business to Alight for cash consideration of up to $110 million, of which $100 million would be payable at closing and the balance, $10 million, would be a deferred consideration payable at the end of 12 months based on the achievement of performance targets.

The divestiture agreement will result in approximately 350 employees in Wipro's Workday and Cornerstone OnDemand teams moving to Alight. The transaction will expand Alight's capabilities and resources in HCM and financial solutions with Wipro's advisory, implementation and integration offerings, strengthening its position as a large implementation partner in the Workday and Cornerstone OnDemand ecosystems.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

Wipro Share Price

202.40 -1.95 (-0.95%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2578.45
Infosys 1311.95
HCL Tech. 1428.35
Wipro 202.40
Tech Mahindra 1504.10
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