Wipro Ltd.

Wipro, a leading global information technology, consulting and business process services company has signed a definitive agreement to acquire HealthPlan Services from Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. As part of the agreement, Wipro will acquire 100% of HealthPlan Services’ shares for a purchase consideration of $460 million.

Since partnering with Water Street in 2008, HealthPlan has grown to become the leading independent technology and Business Process as a Service (BPaaS) provider in the US Health Insurance market. HealthPlan Services provides US payers with a diversified portfolio of health insurance products delivered through its proprietary technology platform

Headquartered in Tampa, Florida, HealthPlan Services employs over 2,000 associates. HealthPlan Services offers market-leading technology platforms and a fully integrated Business Process as a Service (BPaaS) solution to Health Insurance companies (Payers) in the individual, group and ancillary markets.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.