Wipro has announced the acquisition of a Singapore-based technology firm for $375 million as part of a broader strategic deal valued at over $1 billion, marking one of the company’s significant global expansions in recent years.
The Indian IT major will acquire 100% stake in Mindsprint, the IT and digital services arm of Singapore-headquartered Olam Group. The deal, expected to close by June 2026 subject to regulatory approvals, will see Mindsprint become a wholly owned subsidiary of Wipro.
The acquisition is part of a larger eight-year strategic partnership between Wipro and Olam Group, under which the Indian firm has secured a long-term services contract with a total value expected to exceed $1 billion. The agreement includes a committed annual spend of around $100 million by Olam, making it one of the largest deals in Wipro’s recent history.
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Mindsprint, headquartered in Singapore, provides a range of services including digital transformation, cloud, cybersecurity, and data analytics across sectors such as agriculture, manufacturing, retail, and healthcare. The acquisition is expected to strengthen Wipro’s domain expertise, particularly in the food and agri-business value chain, while enhancing its AI-driven service capabilities.
As part of the partnership, Wipro will deploy its AI-powered platforms and consulting capabilities to help transform Olam Group’s “farm-to-fork” operations. The collaboration aims to improve efficiency, supply chain visibility, and digital integration across the company’s global operations.
The deal underscores Wipro’s continued focus on large, integrated contracts and strategic acquisitions to drive growth amid intense competition in the global IT services sector. With this move, the company is positioning itself to expand its footprint in high-value digital transformation projects while deepening relationships with global enterprise clients.
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