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Business News/ Companies / News/  Wipro acquires US-based consulting firm Convergence Acceleration Solutions
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Wipro acquires US-based consulting firm Convergence Acceleration Solutions

Convergence Acceleration Solutions specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers.

On Monday, Wipro shares closed 2.09% lower at ₹571.45 apiece on NSE (Bloomberg)Premium
On Monday, Wipro shares closed 2.09% lower at 571.45 apiece on NSE (Bloomberg)

IT major Wipro today announced that it has acquired Convergence Acceleration Solutions, a US-based consulting and program management company that specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers.

CAS Group’s deep-rooted client relationships and strong domain expertise, combined with Wipro’s execution capabilities will deliver an end-to-end professional services solution and immediate impact to clients, Wipro said in a statement.

The joint entity will provide clients with services ranging from strategy development and planning to execution and implementation.

“CAS Group brings to Wipro a uniquely complementary set of capabilities," said Philippe Dintrans, Senior Vice President & Global Head, Domain & Consulting, Wipro.

“Their long-standing strategic partnerships with some of the largest communications service providers, combined with deep expertise in large scale transformation projects, will allow us to achieve a significant competitive advantage in this high-growth sector. As we continue to execute on our ambitious growth agenda, we are thrilled to welcome CAS Group as the latest addition to the Wipro family and look forward to bringing our full strength to clients," Dintrans said.

CAS Group, founded in 2007, delivers strategic transformation programs to clients across 17 enters of service including mobile/wireless, business, and fiber-optic services, as well as cable, data, and telecom retail solutions. CAS Group’s expansive range of services include operational support system (OSS) and business support system (BSS) transformation, application Modernization, broadband infrastructure services, and telco network enablement of digital products, such as 5G, Internet of Things (IoT), and Network as a Service.

“Communications service providers in North America are at the cusp of significant transformation riven by new connectivity technologies, solutions, and differentiated business models," said Malay Joshi, Senior Vice President and Sector Head for Communications, Media & information Services at Wipro.

“CAS Group aligns very well with Wipro’s strategic priorities of Strengthening our client partnerships by providing differentiated business solutions with talent at scale in the markets we serve. Combined with Wipro’s deep engineering prowess and extensive capabilities in Cloud, IoT, 5G commercialization, as well as our comprehensive digital business offerings—everything from customer experience and digital design to security and compliance — the addition of CAS Group to Wipro family will bring clients end-to-end global technology, consulting, and business transformation capabilities."

John McAleer, Chief Executive Officer, CAS Group, added, “As we embark on the next phase of our growth journey, we are excited to bring our clients a broader set of solutions that will empower them to realize their transformation goals. We are extremely proud of our team and thankful to our clients who made our remarkable success possible. Joining Wipro will allow us to deliver our unique and specialized set of capabilities at a global scale, bringing more value, more insights, and the strength of one of the world’s largest technology services companies to our clients and employees."

CAS Group acquisition is yet another step in Wipro’s transformation journey toward becoming a sought-after strategic partner for clients’ most complex business transformation needs.

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Published: 11 Apr 2022, 10:04 PM IST
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