Wipro acquires SAP consultancy Rizing for $540 million
IT consultancy Wipro has acquired Rizing, a Stamford, CT-based SAP consulting firm, for an all-cash purchase price of $540 million. The deal is expected to close by June 30.
Rizing provides services and proprietary apps that enable clients in consumer industries, manufacturing, and energy to leverage the popular SAP enterprise resource planning (ERP) software platform. The firm’s offerings span planning, project management, implementation, change management, post-implementation support, and managed services. Rizing has particular domain expertise in enterprise asset management (EAM) and human capital management (HCM) engagements.
The SAP Gold Partner has more than 1,300 employees across North America, Europe, and Asia-Pacific, and has completed over 2,500 EAM projects in the last 15 years. The firm had consolidated net revenue of $193.8 million in 2021.
Wipro’s acquisition of Rizing will significantly expand the India-headquartered firm’s global SAP consulting practice and its industry expertise in consumer, manufacturing, and energy.
“We are thrilled to welcome the Rizing team to the Wipro family,” said Thierry Delaporte, CEO and managing director of Wipro. “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. Together, we will be able to expand our presence in high-growth industry sectors.”
Rizing will operate as “Rizing, a Wipro Company” under the leadership of company CEO Mike Maiolo.
“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,” Maiolo said. “Combining the two firms will allow us to scale our services and expand our footprint in the market.”
The deal follows recent acquisitions of Austin-based cybersecurity consultancy Edgile and Roswell, GA-based telecom consultancy Convergence Acceleration Solutions.
Wipro has approximately 220,000 global employees and annual revenue of $10 billion.
