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Wipro to Buy SAP Consulting Firm Rizing for $540 Million

  • Acquisition to expand Wipro’s capabilities as SAP adviser
  • Rizing CEO Mike Maiolo to continue in role after purchase
Views of India's Electronic City in Bengaluru
Photographer: Dhiraj Singh/Bloomberg

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.