M&A Deal Summary

Wipro Acquires Encore Theme Technologies Pvt.

On October 28, 2020, Wipro acquired software company Encore Theme Technologies Pvt.

Acquisition Highlights
  • This is Wipro’s 2nd transaction in the Software sector.
  • This is Wipro’s 4th transaction in India.

M&A Deal Summary

Date 2020-10-28
Target Encore Theme Technologies Pvt.
Sector Software
Buyer(s) Wipro
Deal Type Add-on Acquisition

Target

Encore Theme Technologies Pvt.

Chennai, India
Encore Theme Technologies Pvt. Ltd. is a banking and financial software solution provider of Finastra Products. Encore Theme offers trade finance solutions covering Fusion Trade Innovation Plus (FTI), Fusion Corporate Channels (FCC) for Trade and Fusion Cash Management (FCM). These are offered using SaaS model or License plus Professional Services model or a pure professional services model. Encore Theme Technologies was established in 2006 and is based in Chennai, India.

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Buyer(S) 1

Buyer

Wipro

Bengaluru, India

Category Company
Founded 1945
Sector Information Technology
Employees230,000
Revenue 890.9B INR (2025)
DESCRIPTION

Wipro is an 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, Karnataka.


DEAL STATS #
Overall 20 of 28
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 16 of 23
Country: India M&A 4 of 4
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Eximius Design

San Jose, California, United States

Eximius Design is an engineering services company focused on ASIC design, FPGA design, Systems, and Software engineering. Eximius Design was founded in August 2013 and is headquartered in San Jose, California.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Capco

London, United Kingdom

Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track transformation initiatives for the banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco was founded in 1998 and is based in London, United Kingdom.

Buy $1.5B