Wipro Ltd. agreed to acquire SAP consulting firm Rizing Intermediate Holdings for $540 million to expand its capabilities in the field, the Indian software services company said in a filing with exchanges.
Stamford, Connecticut-headquartered Rizing, previously owned by private equity firm One Equity Partners, is the latest in a series of acquisitions by Bangalore-based Wipro. Rizing will add to Wipro’s SAP cloud practice and will help expand its “leadership in oil & gas, utilities, manufacturing and consumer industries,” the company said in the statement.
