Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Discover 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom Lenovo Newsroom Nutanix Newsroom Cisco Live Newsroom HPE Zone Tech Provider Zone

Wipro To Acquire Interoperability Software Firm TechneGroup For $45M

‘This acquisition complements Wipro’s core strengths in Industry 4.0 and allows us to offer end-to-end solutions in digital engineering and manufacturing,’ says Wipro SVP Harmeet Chauhan.

Wipro, the $8.5 billion India-based solution provider powerhouse, has signed a definitive agreement to buy interoperability software specialist International TechneGroup Incorporated (ITI) for $45 million.

Wipro, which was named a ‘visionary’ in Gartner’s Magic Quadrant for IT Services For CSPs, plans to integrate ITI’s Computer Aided Design and Product Lifecycle Management interoperability software services into Wipro’s Industrial & Engineering Services business.

“This acquisition complements Wipro’s core strengths in Industry 4.0 and allows us to offer end-to-end solutions in digital engineering and manufacturing,” said Harmeet Chauhan, senior vice president, Industrial & Engineering Services, at Wipro in a statement. “We are pleased to welcome ITI’s employees and are confident that their unique offerings and solutions will add value to our organization.”

[Related: 2019 Software-Defined Data Center 50: Hot SDDC Vendors To Watch]

The acquisition is expected to close within the next few months, according to Wipro.

Founded in 1983, Milford, Ohio-based ITI provides software products and services through its enterprise solutions for data interoperability and data migration. The company specializes in helping manufacturers drive innovation and time to market by applying computer-aided product development to engineering problems.

“Our customers and employees will benefit from the synergies of ITI and Wipro’s combined portfolio of offerings,” said ITI CEO Tom Gregory in a statement. “Clients will gain access to Wipro’s global services and ITI’s innovative solutions to accelerate the adoption of digital manufacturing initiatives.”

ITI has round 130 employees with offices in the U.K., Italy, Israel and Germany, providing software and services to some of the world’s leading manufactures in aerospace, automotive and healthcare.

Back to Top

Video

 

sponsored resources