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Wipro makes its biggest acquisition ever with $1.45bn takeover


Wipro makes its biggest acquisition ever with $1.45bn takeover
Indian IT services supplier Wipro makes biggest acquisition in its history as it bolsters consultancy offering
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Published: 08 Mar 2021 16:36
Indian IT services giant Wipro will acquire global management and technology consultancy company Capco to strengthen its role in global financial services digital transformation.
The $1.45bn takeover of 20-year old Capco, which is headquartered in London, will add financial services consultancy to Wipro’s digital expertise at a time when digital transformation is accelerating. It also means Wipro will take on 5,000 additional staff in 30 locations across the world. ....

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Rise in onshore hiring, Covid-19 may reduce visa demand in tier-I IT firms


With localised hiring strategy gaining ground and the Covid-19 pandemic restricting travel, the overall dependence on visas among the top tier-1 IT services firm will come down further in the next two to three years, opine industry experts.
While US President Joe Biden has signed executive orders that will reform the overall immigration system and also rescinded several acts announced by President Trump that impacted the IT industry, it seems the industry has finally found a way to reduce dependency on visas such as H1-B and L1.
Tata Consultancy Services (TCS), the largest IT services firm, has been working on hiring more locals for more than 6 to 7 years. The company, like its India hiring strategy, has been strengthening its tie-ups with colleges in the US and hiring college students. For the period April 2020 to January 2021 (experienced + trainee) the total onshore hirings stood at 10,938, of this over 3,000 were hired in the October-December quarter. The Q3 hiring n ....

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