Wipro Acquires Select Contracts from Alpha Net Consulting LLC for up to $70.8 Million
Wipro Limited is acquiring select customer contracts from Alpha Net Consulting LLC for up to US$ 70.8 Million (approx. ₹590 crore). The deal aims to boost Wipro's AI and consulting services. The transaction is expected to close by June 30, 2026.
The acquisition is strategic and aims to augment existing capabilities, but the deal size and the nature of acquiring select contracts suggest a medium-term impact rather than a transformative one.
The acquisition is expected to enhance Wipro's service capabilities and drive new growth opportunities, which is a positive development for the company.
Wipro Limited, through its subsidiaries, has entered into a definitive agreement to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries. The acquisition, announced on April 15, 2026, is part of Wipro's strategy to enhance its AI-powered and consulting-led application services capabilities.
The acquisition will provide Wipro access to key clientele, their customer contracts, and related workforce, aiming to drive new growth opportunities. Alpha Net Group, founded in 2001 and headquartered in Santa Clara, California, USA, offers enterprise software development, data engineering, and managed services. It also has operations in Singapore, India, the UK, and the Netherlands.
The purchase consideration is up to US$ 70.8 Million (approximately ₹590 crore), subject to customary closing adjustments. This includes a deferred consideration in the form of an earnout, contingent upon achieving certain performance metrics. No government or regulatory approvals are required for this transaction. The transaction is anticipated to be completed by June 30, 2026.
For the last three completed years ending December 31, the revenue from the acquired customer contracts was USD 27.9 Million (₹232 crore) in CY23, USD 34.4 Million (₹286 crore) in CY24, and USD 37.3 Million (₹310 crore) in CY25.
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