Wipro has announced a deal to acquire select customer contracts from US-based Alpha Net Consulting for up to $70.8 million, as it looks to expand its capabilities in technology and consulting services.
Under the agreement, Wipro will take over a set of key client contracts along with related teams, giving it access to new customers and strengthening its presence in areas like software development, data engineering, and AI-led solutions.
The deal is expected to be completed by June 2026, subject to customary approvals. A part of the payment will be linked to future performance, meaning the final payout may depend on how the acquired business performs over time.
Alpha Net Consulting, based in California, works in areas such as enterprise applications, digital services, and managed solutions. By bringing these contracts under its fold, Wipro aims to build on its existing strengths and offer more integrated services to global clients.
The contracts involved in the deal generated around $37 million in revenue last year, providing an immediate addition to Wipro’s business.
The company said the move is part of its broader strategy to focus on high-growth areas like artificial intelligence, cloud, and digital transformation, where demand continues to rise as businesses modernise their operations.
For Wipro, this is another step in its approach of making targeted, smaller acquisitions to strengthen specific capabilities rather than large-scale takeovers.
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