Appirio Acquired in $500M Deal
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn executive with Indianapolis-based cloud services company Appirio says a $500 million acquisition by an Indian company is "more reinforcement that Indianapolis is a global leader in technology." Wipro says the acquisition will create "one of the world’s largest cloud transformation practices." Appirio will maintain its brand and team, including Chief Executive Officer Chris Barbin. The company last year moved its corporate headquarters from San Francisco to Indianapolis.
In a release, Salesforce CEO Marc Benioff said, "Chris and his team have spent the last decade building Appirio into a global leader delivering amazing customer experiences with Salesforce. I couldn’t be more proud of Appirio as it joins Wipro, where together they will continue to drive customer success on a much larger scale."
Wipro will consolidate its cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Barbin says the combination will "create a formidable force in the industry," saying, "our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share and best places to work."
In addition to its offices in Indianapolis and San Francisco, Appirio has operations in Dublin, London, Jaipur and Tokyo and has 1,250 employees worldwide. Its clients include Coca-Cola, eBay, Facebook, Home Depot and Sony PlayStation.
The acquisition is subject to various conditions and approvals. It’s expected to close by the end of the year.