WNS (Holdings), a provider of Business Process Management (BPM) services, has acquired Vuram, a leader in enterprise automation services, for $165 million.
The transaction value of $165 million includes up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital.
Based on Vuram’s revenue generated in fiscal 2022, the acquisition is expected to add approximately 2 percent to WNS’ net revenue in fiscal 2023, WNS said in a news statement. WNS has over $1 billion in revenue and more than 52,000 employees delivering services from 12 countries.
Vuram, founded in 2011 and headquartered in Chennai, India, helps companies accelerate digital transformation by automating, and optimizing processes using a combination of low-code software applications and intelligent automation platforms.
Vuram has 900 people with digital skillsets in India, the United States, Mexico, Australia, Canada, and the UK. Vuram was ranked among India’s best companies to work for in 2022 (#52), and one of the top 25 best workplaces in IT and IT-BPM (2021) by Great Place to Work Institute.
“WNS expects that the acquisition of Vuram will accelerate our organizational journey towards digitally-led, human-assisted services and solutions. Their depth of knowledge in helping large global companies drive fast, scalable enterprise automation and business transformation is well-aligned with WNS’ short-term and long-term strategic plans,” said Keshav Murugesh, WNS’ Chief Executive Officer.