Capgemini Acquires WNS for $3.3 Billion

WNS Acquires The Smart Cube and OptiBuy to Bolster Procurement and Analytics Capabilities

December 16, 2022

IT Services

WNS (Holdings) Limited has acquired London-based The Smart Cube and Warsaw-based OptiBuy to strengthen its procurement, supply chain analytics, and procurement platform implementation capabilities. The Smart Cube deal was valued at $125.0 million (including earn-outs) and adds ~800 employees and analytics platform capabilities; OptiBuy was purchased for €30.0 million (including earn-outs) and brings ~90 employees and European procurement platform expertise.

Wipro Acquires Capco from CD&R for $1.45 Billion

March 4, 2021

Consulting

Wipro Limited agreed to acquire Capco, a London-headquartered management and technology consultancy focused on financial services, for $1.45 billion. The transaction represents an exit for Clayton, Dubilier & Rice (which held a majority stake) and builds Wipro's capabilities in digital consulting and transformation for banking, capital markets, wealth management and insurance clients.

WNS Acquires Kipi.ai

March 11, 2025

Data & Analytics

WNS (Holdings) Limited has acquired Kipi.ai, a Houston-based data modernization and Snowflake-focused services firm, to strengthen WNS' Analytics and AI capabilities. Kipi.ai—incubated by Seroda Ventures and employing over 600 people—brings Snowflake expertise, proprietary AI accelerators, and managed services to accelerate WNS' data, analytics, and AI offerings.

WNS Acquires Vuram

July 1, 2022

IT Services

WNS (Holdings) Limited has acquired Vuram, a Chennai-based enterprise automation services provider, for $165.0 million including up-front payment and expected earn-outs. The deal expands WNS' intelligent automation, low-code and ML-enabled process capabilities, is expected to add ~2% to WNS' net revenue in fiscal 2023, and to be accretive to adjusted earnings.

WGSN (Apax-backed) Acquires IWSR from Bowmark Capital

June 5, 2025

Data & Analytics

WGSN, controlled by funds advised by Apax Partners LLP, has acquired IWSR, the global leader in data, analytics and insights for the beverage alcohol industry, from Bowmark Capital. The acquisition—supported by Apax following its January 2024 acquisition of WGSN—strengthens WGSN's AI, data analytics and long-range forecasting capabilities; terms were not disclosed and the deal closed in June 2025.

Wipro Acquires Majority Stake in Aggne

February 13, 2024

IT Services

Wipro Limited has made a significant investment to become the majority shareholder in Aggne, a consulting and managed services firm focused on property & casualty (P&C) insurance and the Duck Creek platform. The deal expands Wipro's insurance consulting and managed-services capabilities, providing Aggne with Wipro's global scale, investments in AI, and broader market access.