Wipro bags $1.5 billion deal from Alight Solutions

Tinuku - Wipro has won a more than US$1.5 billion deal spread over 10 years from Illinois-based Alight Solutions LLC, achieving the largest ever contract. The Bengaluru-headquartered software services exporter joins larger peer Tata Consultancy Services (TCS) in bagging larger deals at a time when outsourcing services industry is seeing a slowdown owing to emergence of digital services.

“This deal will result in revenues of U$1.5 to $1.6 billion for Wipro over the tenure (10 years). This is Wipro’s largest win to date,” said Wipro in a statement.

Tinuku Wipro bags $1.5 billion deal from Alight Solutions

“This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions. Enhance the employee experience of Alight’s clients by leveraging Wipro’s solutions in digital technologies, cognitive automation and data analytics,” said Wipro.

TCS bagged three such multi-year large deals totalling more than US$5 billion in revenue since December 2017. Wipro also said it has on August 31 completed the transaction to acquire Alight HR Services India Pvt Ltd, India arm of Alight Solutions. This was announced during Q1 results.

The multi-year large contract from Wipro, which is also the biggest deal win ever since Abidali Neemuchwala took over in February 2016, reaffirms a steady source of revenue for the company at a time when it is aiming to achieve industry-matching numbers.

“This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES. We will leverage this expertise to digitalize and modernize Alight’s core across platforms, technologies and operations,” Neemuchwala was quoted in the statement.

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