Wipro Ltd.

BSE: 507685 | NSE: WIPRO
Large Cap | IT - Software
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Wipro, Wipro IT Services acquire 60% stakes in Aggne

Date: 16-02-2024

Wipro and Wipro IT Services, LLC (step-down subsidiary of the company) have acquired 60% stake in Aggne Global IT Services and Aggne Global Inc., respectively. With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP) in the property & casualty (P&C) insurance space. The combined capabilities of Wipro and Aggne will help deliver enhanced value, faster speed-to-market, and differentiated services to clients in the P&C sector.

Aggne offers a wide range of services designed to help insurers transform operations, drive new efficiencies and deliver optimal customer experiences. The company focuses on building industry-changing solutions for the P&C insurance industry, with a commitment to collaborating with clients as partners.

Wipro is a leading global information technology, consulting and business process services company.