Wipro acquires U.S. tech firm AVT for up to $40 million to boost its application services.

Wipro, an Indian tech firm, is acquiring IT consulting firm Applied Value Technologies (AVT) and its affiliates for up to $40 million in cash. Founded in 2021, AVT provides enterprise application services to global clients and reported revenues of $19.4 million in 2023. The deal aims to enhance Wipro's application services and is expected to close by the end of December.

3 months ago
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