Wipro announced its intent to sell off its hosted data center services business to Ensono, a leading hybrid IT services provider, for USD 405 million. The company will transitioning eight data centers, and over 900 employees of its hosted data center services business to Ensono.
With this acquisition, Ensono enable to diversify its client portfolio as well as it will be able to grow geographic footprint and presence across the globe. The company will now be able to double its size and increase its annualized revenue to be in excess of USD 550 million.
Kiran Desai, Senior Vice President, Global Infrastructure Services, Wipro
“As we embrace our strategy of focusing on newer digital areas of spend, our strategic investment and partnership with Ensono will enable us to remain committed to meeting the hosted data center services requirements of our customers. This partnership will enhance the global data center footprint and expand the available talent pool which will give us economies of scale and allow us to offer end-to-end capabilities in the infrastructure space, better than ever before,” said Kiran Desai, Senior Vice President, Global Infrastructure Services, Wipro Limited.
Both the companies also have signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing customers, the announcement added. As part of the agreement, Wipro will make a strategic investment of US$55mn in Ensono’s combined entity.
