Wipro partners with Wisage Technology

2010-11-01

Wisage Technology and Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT) announced today an initiative to offer an integrated Mergers and Acquisitions (M&A) Management solution that helps clients mitigate risk and deal value erosion throughout the entire transaction process.

The Wipro M&A solution is built on Wisage Technology’s 8thManage platform and can be delivered as either a Public or Private Cloud Service. The solution automates Wipro’s best practices and custom methodologies for M&A management and is initially focused on the Banking, Financial Services, and Insurance industries.

“We have been very impressed by Wipros understanding of the challenges in M&A and their ability to bring transformative solutions to market,” said Stephen Law, CEO for Wisage Technology. “Their vertical knowledge combined with the strength and flexibility of a tailored 8thManage solution enables our mutual customers to realize the full value of their M&A initiatives.” 

“Wipro is excited to collaborate with Wisage Technology in developing this M&A solution on the 8thManage platform. We believe many organizations are now pursuing inorganic growth strategies and have a need for better tools to ensure delivery on their commitments” said Albert Eng, Head, BFSI M&A Transaction Services.