Wipro Ltd has agreed to buy
HealthPlan services, a Florida, US based company that caters to the health
insurance sector for $460 Million. This is the third buyout by India’s third
largest software services exported in less than three months.
Earlier in December, Wipro spent
$78 Million to buy Cellent, a German Technology Company that implements and
maintains SAP (Systems Applications and Products) software for clients in
automobile and manufacturing segments. Later, it bought a securities processing
and fund administration services provider Viteos Group for $130 Million as the
company looks to expand its portfolio of services to financial companies.
Both HealthcarePlan services and
Viteos Group offer solutions over cloud computing platforms or what is called
as Business process as a service. The partnership with HealthPlan services
positions Wipro to participate in the shift of the US Health insurance industry
towards a customer centric business model.
HealthPlan services strengthen
Wipro position in the health insurance exchange market while offering synergies
with Wipro presence in the Managed Medicare and commercial group insurance
markets. This is Wipro fourth acquisition in last 12 months.
No comments:
Post a Comment