Wipro Limited (NYSE: WIT) shares made strides Tuesday morning, on disclosing that it has won up to $1.6 billion in a deal with Alight Solutions LLC.
The Bangalore-based Wipro announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight, a leader in technology-enabled health, wealth, HR and finance solutions. This is Wipro’s largest win to date.
A release issued Sunday revealed that the engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analytics.
According to CEO Abidali Z. Neemuchwala, "We are delighted to be chosen by Alight as their long-term strategic partner in their enterprise transformation journey to bring digital experiences and offerings to employees and employers globally.
"This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES™. We will leverage this expertise to digitalize and modernize Alight’s core across platforms, technologies and operations."
Wipro is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful.
Shares gained six cents, or 1.1%, to $5.21, within a 52-week trading range of $4.50 to $6.04.
