Wipro has completed the acquisition of 83.4% equity stake in Encore Theme Technologies. The remaining 16.6% equity stake will be acquired subject to and after receipt of certain regulatory approvals/confirmations.
Encore Theme has focused exclusively on implementing a broad suite of trade finance solutions -- developed by Finastra -- to financial institutions across the Middle East, Africa, India and Asia Pacific. The acquisition will help strengthen Wipro’s position as a dominant player across the globe implementing Finastra solutions.
Wipro is a leading global information technology, consulting and business process services company.
