ADVERTISEMENT

Wipro Acquires Eximius Design for 80 Million USD
W

India's third-largest software services exporter has agreed with Eximius Design, headquartered in California, for 80 million USD in an all-cash deal.

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.

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

The World electric motor company, Tesla, is now finding its way to automate the largest automotive industry in the World, India.

Upgrading Indian Automation: A Tesla 2021 Reality?

0
Tesla is the leading automotive company in the World at the moment. Its meteoric rise is unparalleled. Striking chords with advancing technology and consumer...
Team Gridfree Solar

Gridfree Solar: Paving the way towards a sustainable future

0
As industrialization increasingly depletes the energy resources of the planet, it is the need of the hour to resort to more productive sources of...
The Tata Sons versus Mistry legal parade is unfolding before the Supreme Court. It is one of the most closely-observed corporate battles.

Tatas and Mistrys: The Corporate Battle of the Century

0
In December 2012, the legendary chairman of Tata Sons (1), Ratan Rata, the holding entity that oversees the enormous and sprawling Tata Empire, retired...
The E-Grocery industry's growth is scaled to a more considerable height, and it's just getting started to flourish at the moment.

E-Groceries – Expanding the Agro Market: A Primer

0
Have you tried going to a vegetable vendor on the roadside, asking him/her to sell you a Kilogram of tomatoes or any vegetable now?...
The corporates work on their projects, but the fear of the growth of startups is what pushes the ethics of the corporate beyond their morals.

The Biggies: Startups vs. Corporates

0
Ever wondered why startups are a thing today? Don't worry; the same thought is what created this unique sector. With over a million startup...
Peggy Founder - Harkamal Singh Grover with Nikita Mittu (Team TimesNext)

I Scream, You Scream – Peggy Ice-Cream, Chandigarh

0
“My dad is a Foodie. A foodie from another generation has passed his love for food to me.” – says Harkamal Singh Grover  If you follow...
On Sunday, Amazon won an interim order against its partner, Future Group. The group was all set to sell its retail business to Reliance for Rs 24,713 crore.

Battle of Business Rivalry: Amazon Vs. Reliance

0
The high-profile and exclusive partnership between Amazon (1) and Future Group (2) is on the rocks after Amazon sought legal proceedings against the retail...
the-unheard-story-of-xero-degrees-patiala

The Unheard Story of Xero Degrees and Their Adorable Outlet at Patiala

0
Xero Degrees (1) is now an established brand that was founded by Kashish Aneja and his friend, Shivam Kakkar. Kashish Aneja studied marketing and...
ADVERTISEMENT