NIIT Tech to acquire Whishworks

Hyderabad: NIIT Technologies Limited announced that it signed a definitive agreement with Whiskworks IT Consulting, an IT services and consulting company specialising in MuleSoft and big data technologies, to acquire a 53 per cent stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance.

The transaction closure is subject to fulfillment of certain government/regulatory approvals.

Whishworks currently has around 250 employees. Incorporated in 2010 and headquartered in Hyderabad, Whishworks works with an ecosystem of global innovators, including MuleSoft, Salesforce, MapR, and Cloudera.

It enjoys multiple deep and longstanding customer relationships across industry verticals.

"Whishworks fits into our overall Digital strategy, enhances our footprint in a high demand space, and is a significant addition to our existing capability spectrum in digital integration.

This initiative is in line with our strategy to drive growth and create value over the long term by enhancing capabilities and domain depth, adding new partnerships, and making well-considered acquisitions that complement our existing strengths.

We are delighted to welcome the Whishworks team, clients, and partners into our fold", said Sudhir Singh, CEO, NIIT Technologies.