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Wipro buying InfoSERVER, an IT services provider for BFSI in Brazil

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BANGALORE, INDIA: Wipro today signed an agreement to acquire InfoSERVER, an IT services provider focussed on the Brazilian market for $8.7mn.

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InfoSERVER provides custom application development and software deployment services.

Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector.

This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM market and an end-to-end IT services provider that brings global expertise while operating as a local company.

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Wipro has a significant presence in Latin America with offices across  5 countries in the region - Argentina, Brazil, Chile, Colombia and Mexico.

“The LATAM market and Brazil in particular is a strategic growth and investment region for Wipro. This acquisition will provide Wipro with scale and key client relationships, especially in the banking, financial services and insurance domains, which are the largest and fastest growing sectors in the region,” said Ankur Prakash, Vice President and Head of New Growth and Emerging Markets, Wipro Limited.

Fabiano Funari, Vice President and Head of Sales & Operations, InfoSERVER S.A. said, “Wipro and InfoSERVER will combine strong local domain knowledge with technological breadth and global experience to help clients achieve their desired outcomes. Wipro’s global client base, delivery expertise and scale will help us expand our reach and offerings.”

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