With the latest acquisition, Wipro (1) would enhance its market presence and technical leadership in the semiconductor ecosystem. The firm would also increase its market leadership in systems designs and VLSI, which is very large-scale integration. It creates an IC, integrated circuit by combining thousands of transistors into a single chip.
While announcing the latest development, the company stated that Eximius complements the Engineering NXT core strengths of Wipro. It also includes the 37 years in VLSI and systems design. It would also help the company into newer market segments and ramping up the customers to next-gen technologies like connected products, AI, and security.
Wipro is expecting to complete the acquisition by the end of 2020. However, it is subject to governmental and regulatory approvals in the US. Eximius Design, based in San Jose, California, is an engineering services firm that focuses on ASIC design, FPGA Design, systems, and software engineering. Founded in August 2013, it has its design centers in the US, India, and Malaysia.
Wipro is Carrying Subsequent Acquisitions
Notably, Eximius offers solutions and services for connected products for various use of IoT, Internet of Things, Industry 4.0, cloud, edge computing, artificial intelligence (AI), and 5G. They have expertise across several domains, including SOC, IP, ASIC, Hardware System, Software, FPGA1.
The company further claims that Fortune 100 entities and high profile startups are its clients operating in the cloud, semiconductors, consumer electronics, hyper-scale infrastructure, and automotive segment.
So far this year, it is the third acquisition of Wipro. In July, it acquired two firms, IVIA Servicos de Informatica Ltda, a Brazilian IT services firm, for 22.4 million USD and 4C, a Belgium-based company to focuses on transforming quote-to-cash processes with price, quote, configure, and billing solutions.
Last year, Wipro bought Vara Infotech assets and staff strength, a part of its 300 million USD deal with ICICI Bank. It also acquired International TechneGroup Inc (ITI), the Us-based digital engineering services firms, in another agreement for 45 million USD in June 2019.
Moreover, Wipro exited its joint venture Wipro Airport IT Services Ltd, in June 2019 by selling its balance 11% stake to Antariksh Softtech for 55 lakh INR. Earlier in 2019, it also sold its two cloud-based businesses to Alight Solutions LLC, based in the US, for up to 110 million USD.