Wipro to acquire Alpha Net customer contracts for up to US$70.8 Mn

Wipro Limited, through its subsidiaries, has signed a definitive agreement on April 14, 2026, to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries for up to US$ 70.8 Million. The acquisition, a cash transaction with a deferred earnout, is expected to be completed by June 30, 2026. This strategic move aims to enhance Wipro's AI-powered and consulting-led application services by gaining access to key clientele, their contracts, and related workforce, thereby driving new growth opportunities. Alpha Net Group, founded in 2001, provides enterprise software development, data engineering, and managed services. The acquired contracts generated revenues of USD 27.9 Mn (CY23), USD 34.4 Mn (CY24), and USD 37.3 Mn (CY25).