IT services company Wipro announced it's buying cloud integration firm Appirio for $500 million.
Founded originally in India, Wipro provides consulting and business process outsourcing services similar to rival US firm Cognizant.
With Appirio, which is known for its cloud integration services related to Workday and Salesforce and its crowd-sourced development network CloudSpokes, Wipro is aiming to create an IT services giant and revive growth. Appirio already counts brands such as Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation as customers.
Appirio will maintain its brand, partnerships, headquarters in Indianapolis and team, including CEO Chris Barbin. Wipro's existing cloud application services group will merge with Appirio under Barbin's leadership.
"When you combine Wipro's global scale and deep digital focus with Appirio's transformative worker and customer experience expertise, and best in class team, brand, and partners, you create a formidable force in the industry," Barbin said. "Together, our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share, and best places to work."