Wipro wins a $500 mn deal from Citigroup
20th June 2013 | By Mouseworld Now Correspondent |
Bangalore, India, 20th June, 2013: Indian IT bellwether Wipro has won a $500-million (Rs 2,900 crore) outsourcing contract from Citigroup. The deal will be be morale booster Wipro that has been hit by the recession. Wipro has been focusing bigtime on investment banking in the banking and financial services and insurance space, and telecom as well.
As per the deal, Wipro will provide application development and maintenance, and infrastructure services for Citi’s global operations. Through the five-year engagement, Wipro will set up an offshore delivery centre in Bangalore.
TCS, HCL, Infosys, Wipro and Cognizant were in the row to bid along with IBM, Accenture, Dell for this contract. Citi already has large outsourcing deals going with TCS and Wipro. In 2008, Wipro had acquired Citi Technology Services for $127 million.
Wipro had signed an agreement to take over the operations and management of Citi’s data centre in Meerbusch, Germany in 2010. The Meerbusch centre,Wipro’s first data centre facility in Europe, enabled the company to offer a portfolio of infrastructure management solutions to clients.
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