M&A Deal Summary

Wipro Acquires Appirio

On October 20, 2016, Wipro acquired internet software and services company Appirio from General Atlantic and Quilvest Capital Partners for 500M USD

Acquisition Highlights
  • This is Wipro’s 1st transaction in the Internet Software and Services sector.
  • This is Wipro’s 2nd largest (disclosed) transaction.
  • This is Wipro’s 6th transaction in the United States.
  • This is Wipro’s 1st transaction in California.

M&A Deal Summary
Date 2016-10-20
Target Appirio
Sector Internet Software and Services
Buyer(s) Wipro
Sellers(s) General Atlantic
Quilvest Capital Partners
Deal Type Add-on Acquisition
Deal Value 500M USD
Advisor(s) William Blair (Financial)

Target

Appirio

San Francisco, California, United States
Appirio, Inc. is a global cloud services company that creates next generation worker and customer experiences. Appirio has worked with more than 300 enterprise customers including organizations like City of Los Angeles, Facebook, Flextronics, Home Depot, International Hotels Group, Japan Post Network, Ltd., L'Oreal, NetApp, NYU, Starbucks, Thomson Reuters and VMware. Appirio's technology-enabled professional services are supported by a team of 400 cloud experts and CloudSpokes, a 35,000+ person-strong global cloud developer community.

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Buyer(S) 1

Buyer

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 12 of 27
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 9 of 23
State (California) 1 of 2
Country (United States) 6 of 15
Year (2016) 2 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 HealthPlan Holdings

Tampa, Florida, United States

HealthPlan Holdings, Inc. (HealthPlan Services) is a provider of technology solutions to health insurance and managed care industries.

Buy $460M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 InfoSERVER SA

Osasco, Brazil

InfoSERVER SA is an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services.

Buy R$28M

Seller(S) 2

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 80 of 146
Sector (Internet Software and Services) 13 of 24
Type (Add-on Acquisition) 31 of 44
State (California) 12 of 22
Country (United States) 43 of 75
Year (2016) 5 of 7
Size (of disclosed) 17 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Aroundhome

Berlin, Germany

Beko Käuferportal GmbH is an online portal in Germany that connects customers with a vendor network for consulting-intensive products and services for home improvement and financial services. The online service helps consumers obtain and compare offers from regional companies before making a major purchase. KäuferPortal announced its gradual expansion into the rest of Europe. Together with their partners, they now sell products and services worth EUR 500 million annually and employ more than 350 people in six locations across Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 PNB Housing

New Delhi, India

PNB Housing is a deposit-taking housing finance companies. PNB Housing was founded in 1988 and is based in New Delhi, India.

Buy -
SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.

DEAL STATS #
Overall 45 of 68
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 15 of 27
State (California) 5 of 6
Country (United States) 20 of 34
Year (2016) 4 of 5
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Acrotec

Develier, Switzerland

Acrotec is an independent group created by micromechanics professionals. Its main objective is to be a reference subcontractor by offering a wide range of manufacturing processes for precision components. Its strategy is both to provide "Swiss Made" quality products to the entire watch industry as well as to the automotive, electronics, medical, jewelry, and aeronautics industries. Acrotec is based in Develier, Switzerland.

Sell Fr.280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Deltek

Herndon, Virginia, United States

Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

Sell $2.8B
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