Wipro is set to acquire Rizing Intermediate Holdings, a global SAP consulting firm, to significantly boost SAP business.
Rizing is headquartered in Stamford, CT, and has more than 1300 employees in 16 countries across North America, Europe, Asia, and Australia. Rizing was previously owned by private equity firm One Equity Partners.
“Rizing’s complementary consulting capabilities and strong client relationships will significantly boost our existing offering, creating one of the most differentiated SAP services in the marketplace. We will be able to expand our presence in high-growth industry sectors,” Wipro CEO Thierry Delaporte said in a news statement.
Rizing will become an extension of Wipro’s SAP Cloud practice and Wipro FullStride Cloud Services. The acquisition will also help Wipro expand its leadership in oil & gas, utilities, manufacturing, and consumer industries.
“With Wipro’s backing, we will be able to enhance the value we deliver to our current clients and bring our differentiated offering to a broader universe of businesses,” said Mike Maiolo, Chief Executive Officer, Rizing.
Rizing will operate as Rizing, a Wipro company, under the leadership of Mike Maiolo.