Wipro bags $1.5-billion deal, joins TCS in large deal winning

One of the IT majors of India, Wipro has won a more than $1.5 billion deal spread over 10 years from Illinois-based Alight Solutions LLC, achieving the largest ever contract.

With this, the Bengaluru-headquartered software services exporter joins larger peer Tata Consultancy Services (TCS) in bagging larger deals at a time when outsourcing services industry is seeing a slowdown owing to emergence of digital services. TCS bagged three such multi-year large deals totaling more than $5 billion in revenue since December 2017.

"This deal will result in revenues of USD $1.5 to $1.6 billion for Wipro over the tenure (10 years). This is Wipro's largest win to date. This engagement will enable the digital transformation of Alight's offerings across health, wealth, HR and finance solutions," said Wipro in a statement, adding that it would "enhance the employee experience of Alight's clients by leveraging Wipro's solutions in digital technologies, cognitive automation and data analytics.

The multi-year large contract from Wipro, which is also the biggest deal win ever since Abidali Neemuchwala took over in February 2016, reaffirms a steady source of revenue for the company at a time when it is aiming to achieve industry-matching numbers.

"This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES. We will leverage this expertise to digitalize and modernize Alight's core across platforms, technologies and operations," Neemuchwala was quoted in the statement.

Wipro also said it has on August 31 completed the transaction to acquire Alight HR Services India Pvt Ltd, India arm of Alight Solutions.