Wipro is gung ho about Infocrossing. In what as termed as the biggest overseas acquisition by one domestic Indian IT company, Wipro is offering $18.70 per share in all cash deal. And why not? Wipro President Suresh Vaswani (global IT service lines) has recently said that total outsourcing services including IT infrastructure services has grown whopping 75% in the past year. (No wonder along with Wipro other big software and IT companies in India making a beeline to engineering colleges to recruit new hire.HR stuffs are busy, not an issue the newly appointed people sit idle in bench for six seven months.).
Lets take a look at the acqusitions Wipro has made since August , 2002.
Wipro Technologies
August 2002 Spectramind 100 million
November 2002 Global Energy Practice of AMS 26 million
April 2003 NerveWire Inc. 18.7 million
December 2005 mPower Software Services Inc & subsidiaries 28 million
December 2005 NewLogic 59 million
April 2006 cMango Inc & Subsidiaries 20 million
June 2006 Enabler 53.3 million
June 2006 Saraware Oy 32.5 million
July 2006 Quantech Global 3million*
Wipro Infotech
November 2006 India, Middle East & SAARC operations of 3D Networks & PlanetPSG 23 million
*the actual figure noit available, upfront cash payment was about $3 million.
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