M&A Deal Summary

Alight Solutions Acquires Wipro - Workday and Cornerstone OnDemand Business

On February 27, 2019, Alight Solutions acquired information technology company Wipro - Workday and Cornerstone OnDemand Business from Wipro for 110M USD

Acquisition Highlights
  • This is Alight Solutions’ 1st transaction in the Information Technology sector.
  • This is Alight Solutions’ largest (disclosed) transaction.
  • This is Alight Solutions’ 1st transaction in India.

M&A Deal Summary

Date 2019-02-27
Target Wipro - Workday and Cornerstone OnDemand Business
Sector Information Technology
Buyer(s) Alight Solutions
Sellers(s) Wipro
Deal Type Divestiture
Deal Value 110M USD

Target

Wipro - Workday and Cornerstone OnDemand Business

Bengaluru, India
Wipro Ltd. - Workday and Cornerstone OnDemand Business is a SAAS-based enterprise solutions provider for HR, payroll and financial management. Cornerstone OnDemand Services to help its clients manage talent across their organizations effectively. Wipro’s Workday and Cornerstone OnDemand business has multiple customers across the United States, Europe, Middle East and Africa with a track record of delivering over 500 Workday engagements and around 3,000 Cornerstone OnDemand projects.

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Buyer(S) 1

Buyer

Alight Solutions

Lincolnshire, Illinois, United States

Category Company
Sector Information Technology
Employees18,000
Revenue 3.1B USD (2023)
DESCRIPTION

Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.


DEAL STATS #
Overall 2 of 7
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 3
Country (India) 1 of 1
Year (2019) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Carlson Management Consulting

Woburn, Massachusetts, United States

Carlson Management Consulting is an award-winning Cloud financial solutions and services firm, serving a growing list of customers nationwide and internationally. We deliver ‘best in class’ Cloud solutions for Corporate Performance Management (CPM), Enterprise Resource Planning (ERP), Timesheet and Expense Reporting, Tax Automation and Systems Integration as well as value-added consulting and outsourced services to organizations of all sizes and industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Hodges-Mace Benefits Group

Atlanta, Georgia, United States

Hodges-Mace Benefits Group, Inc. is a provider of employee benefits enrollment and administration services to large corporate clients. Hodges-Mace empowers employees and employers to make smarter benefit decisions through a combination of innovative technologies and proven employee education and enrollment services. Hodges-Mace Benefits Group, Inc. was founded in 2004 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Wipro

Bengaluru, India

Category Company
Founded 1945
Sector Information Technology
Employees220,000
Revenue 897.6B INR (2024)
DESCRIPTION

Wipro is a global information technology, consulting, and outsourcing company with 145,000 employees serving over 900 clients in 60 countries. The company helps customers to do business better by leveraging its industry-wide experience, deep technology expertise, comprehensive portfolio of services, and a vertically aligned business model. Wipro was founded in 1945 and is based in Bengaluru, India.


DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 3 of 4
Type (Divestiture) 4 of 5
Country (India) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Alight Solutions - India Business

Lincolnshire, Illinois, United States

Alight Solutions - India Business has developed a rich set of technology and delivery capabilities across its India centers located in Gurgaon, Noida, Mumbai and Chennai.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 International TechneGroup

Milford, Ohio, United States

International TechneGroup, Inc. is a provider of reliable interoperability, validation and migration solutions for product data and related systems. International TechneGroup was founded in 1983 and is based in Milford, Ohio.

Buy -