TCS acquires BridgePoint Group

Tata Consultancy Services, a leading global IT services, consulting and business solutions organization announced the acquisition of BridgePoint Group, LLC, and a US management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets.

This acquisition augments TCS’ financial services and insurance domain knowledge, particularly in the area of US retirement services, where BridgePoint team of experts currently provide strategic insights and advisory services around growth, business agility, customer experience and technical transformation. TCS currently partners with eight of the top 10 US Banking, Financial services and Insurance Institutions, and offers retirement services across the globe.

BridgePoint entire management team and key experts will join TCS. Their deep customer relationships and significant industry knowledge adds to TCS’ ability to provide digital solutions that enhance sponsor and participant experience, and drive Business 4.0 transformations in the $1 trillion US retirement services market.

The US retirement business is complex, so Bridge Point’s deep industry expertise and team of highly experienced consultants will enable TCS to develop a robust customer-focused retirement services business.

Wipro buys Consultancy firm Cooper

India’s third largest IT services company Wipro has acquired US based design and business consultancy firm Cooper, which counts Google and Starbucks as clients, as it looks to strengthen its digital offerings to clients globally.

Cooper, which Wipro is buying for $ 8.5 million (Rs 56 crore), will be integrated with Designit, the digital arm of the Indian firm as CEO Abidali Neemuchwala deepens the company’s expertise in digital offerings and focus on earning higher revenue. Cooper’s founders -Sue Cooper and Alan Cooper will join Wipro to push the company’s aggressive digital strategy. Alan Cooper is considered the ‘Father of Visual Basic,’ and is a prominent player in interaction design, UX and professional design education for more than 25 years.

Wipro also gets access offices in New York and San Francisco with the acquisition. Wipro said Cooper would also help the company expand its reach in North American market and add capabilities in professional design education. Wipro acquired Designit for nearly Rs 595 crore in July, 2015 to add design and digital technology capabilities.

Wipro’s digital arm and Designit currently serve clients from across 16 offices in different markets in the world. The acquisition process is expected to be completed in the October-December quarter of the current financial year, subject to customary closing condition.