Wipro Acquires Mindsprint for $375M to Bolster AI and Digital Services

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AuthorRiya Kapoor|Published at:
Wipro Acquires Mindsprint for $375M to Bolster AI and Digital Services
Overview

Wipro Limited has bought Mindsprint Pte. Ltd., a digital solutions firm, for $375 million. This acquisition strengthens Wipro's technology, cybersecurity, and AI services for clients. The deal also includes an eight-year strategic agreement with Olam Group, worth $100 million annually, signaling Wipro's significant move into advanced digital solutions.

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Strategic Olam Group Partnership

The acquisition includes an eight-year strategic transformation deal with Olam Group, Wipro's former parent company. Olam will spend $100 million annually on Wipro's end-to-end transformation services, which will use AI-driven methods.

Mindsprint's Digital Expertise

Mindsprint provides technology, cybersecurity, and digital solutions, adding over 3,200 employees and clients in food and agri-business, manufacturing, retail, CPG, and healthcare. Its expertise will help Wipro compete better in fast-growing digital markets.

Legal Advisors Involved

The deal involved several legal advisors. Trilegal advised Olam Group on the Share Purchase Agreement and other documents. K&L Gates handled Singaporean and Australian legal matters for Olam. Wipro received advice from Baker & McKenzie and its internal legal team, with AZB & Partners managing Indian law aspects.

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