Posted by Melbourne, Australia – Bangalore, India: Wipro to acquire an Australian IT company Ampion. It has signed an agreement to acquire Ampion for an undisclosed sum. The company said in a statement.
Ampion is an Australia-based provider of cybersecurity, DevOps and quality engineering services. The company hasn’t disclosed the financial details of this deal. However, some media reported that Wipro will pay $117 million for the Ampion deal.
Ampion was formed through the merger of two Aussie IT services providers ‘Revolution IT’ and ‘Shelde’.
Revolution IT was an IT services company founded in 2004, while Shelde was a digital IT security company started in 2010. As a merged entity, Ampion is headquartered in Melbourne and has offices in Sydney, Brisbane and a zone 3 facility in Canberra.
The Australian market is undergoing significant disruption through the adoption of cloud, DevOps, analytics and resilience related digital capabilities, across enterprises and public sector entities.
Wipro and Ampion’s combined offerings, powered by engineering transformation, DevOps and security consulting services will bring scale and market agility to respond to the growing demands of customers.
Wipro’s new operating model emphasizes strategic investments in focus geographies, proximity to customers, agility, scale and localisation. For Wipro, the Ampion acquisition is a key step in this direction and strengthens its commitment towards clients and stakeholders in Australia and New Zealand (ANZ).
The company has been present in the ANZ market for over two decades with deep client relationships across industry sectors and localised domain and delivery capabilities.
Wipro is known for its differentiated technology solutions. It has also been recognized as a ‘Top Employer’ in Australia for two consecutive years.
“I am excited to welcome Ampion to the Wipro family. Ampion has a successful track record and enjoys immense credibility with leading enterprises in the region,” said N.S. Bala, CEO – APMEA, Wipro Limited.
“We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region,” added Bala.
“Our clients, employees and the entire market ecosystem will tremendously benefit from the synergies of Ampion and Wipro’s combined portfolio of transformation offerings,” said Jamie Duffield, CEO, Ampion.
“We believe that Ampion’s experience, talent, capabilities and proven client credentials in ANZ, coupled with Wipro’s global scale, leadership in technology, and a deep domain understanding and delivery, will make us a truly formidable team,” added Duffield.
The acquisition is subject to customary closing conditions and regulatory approvals. The acquisition is expected to close in the quarter ending June 30, 2021.