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Wipro is in deal-making mode right now.
The IT giant announced that its subsidiaries will acquire select customer contracts from Alpha Net Consulting for up to $70.8 million.
For context, Alpha Net, founded in 2001 and based in California, works across enterprise software, data engineering, and managed services for clients around the world.
What’s in it for Wipro: this move gives them direct access to key clients, existing contracts, and a skilled talent pool. More importantly, it strengthens their push into AI-driven and consulting-led services.
Just last week, Wipro snapped up Singapore-based Mindsprint for $375 million. That deal ties into a larger, long-term partnership with Olam Group, spanning eight years and potentially crossing the $1 billion mark.
Big picture: IT companies, both in India and globally, are on a buying spree.
In 2025, many firms ramped up mergers and acquisitions to grow faster and stay relevant in an AI-driven world. Indian IT companies alone saw a 33% jump in M&A activity, closing 29 deals worth around $743 million by late December.
All of this is happening just as Wipro gears up to announce its Q4FY26 results later today.
