Wipro Expands SAP Capabilities With Rizing Acquisition
IT services giant Wipro is making a big move in the SAP services business by acquiring Rizing Intermediate Holdings from its private equity owner, One Equity Partners, and making it part of the core of Wipro’s cloud services business.
Global IT solution provider Wipro Tuesday said it is acquiring Rizing Intermediate Holdings, a Stamford, Conn.-based global provider of consulting services for SAP.
Rizing is an SAP gold partner and has won SAP Cloud Delivery Partner of the Year in both North America and the Asia-Pacific region. It also provides technology from a variety of vendors working in the SAP ecosystem, including suppliers of workforce management, experience management, data management, and regulatory compliance applications.
Rizing will bring to Wipro over 1,300 full-time employees in 16 countries, according to Wipro. Those employees have had successful projects in over 40 countries, according to Rizing.
Wipro, with U.S. headquarters in New York, was ranked No. 16 in CRN’s 2021 Solution Provider 500 list of companies.
Once the acquisition is complete, Rizing and its SAP services will become part of Wipro’s SAP cloud practice and Wipro’s FullStride cloud services.
The dollar value of the acquisition, which is expected to close before June 30 after receiving regulatory approvals, was not disclosed. Wipro, citing its upcoming fiscal full-year 2022 financial report, declined to respond to a CRN request for more information.
However, Thierry Delaporte, Wipro CEO and managing director, said in a statement that Wipro is happy to welcome Rizing to the company.
“Rizing’s complementary consulting capabilities and strong client relationships will significantly boost our existing offering, creating one of the most differentiated SAP services in the marketplace. Together, we will be able to expand our presence in high-growth industry sectors,” Delaporte said.
Rizing, which was founded in 2003, has been owned by New York-based private equity firm One Equity Partners since January of 2018.
The SAP channel has seen a flurry of mergers and acquisitions in the last couple of years.
SAP in August of 2020 acquired a minority stake in Vistex, an ISV partner that develops go-to-market, pricing, rights and royalty management, and other applications that work with SAP’s core ERP software.
Several other SAP channel partners have recently merged.
Managed cloud provider Syntax last June unveiled its acquisition of Illumiti, a major SAP systems integration and management consultant and an SAP Platinum partner.
Two months earlier, Syntax acquired Linke, an European provider of services for migrating SAP environments to the Amazon Web Services cloud.
That same month, New York’s Pythian Services acquired ManageServe to boost its capabilities with SAP enterprise resource planning (ERP) and providing SAP HANA database solutions on Amazon Web Services, Google Cloud, Microsoft Azure and SAP cloud platforms.
Switzerland-based SoftwareOne in late 2019 acquired Melbourne-based BNW Consulting in a move to boost the company’s SAP technology services capabilities around public cloud migrations, S/4 HANA transformation and support.
Meanwhile San Francisco-based SAP rival Anaplan last month was the target of a $10.7-billion acquisition by private equity giant Thoma Bravo.