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Wipro to buy Australian company for $37 mln

Source : REUTERS
Last Updated: Mon, Apr 30, 2012 14:00 hrs
To match feature INDIA-EDUCATION/

MUMBAI (Reuters) - Wipro, India's No. 3 software services exporter, has signed an agreement to buy Australia's Promax Applications Group for 35 million Australian dollars, it said in a statement on Monday.

The acquisition will help Wipro strengthen its position in analytics and information management services, the company said, adding the deal will be closed by end June.

Avendus Capital acted as the exclusive financial advisor.

(Reporting by Aditi Shah; Editing by Rajesh Pandathil)




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