Wipro wins 10-year deal from Canadian firm

Bangalore, July 18 (IANS) Indian IT bellwether Wipro Ltd Friday announced winning a 10-year deal from Atco Ltd, a leading Canadian firm, to provide total outsourcing solutions in Canada and Australia.

"The deal with Atco will result in $112 million revenue annually for the next 10 years, up to December 2024," the global software major said in a statement here.

The multi-year deal envisages Wipro to provide the complete suite of IT services to the Alberta-based corporation.

"In this transformational deal, we will focus on making Atco competitive by deploying strategic solutions and ensuring efficient delivery of its IT services," Wipro chief executive for energy, natural resources and utilities Anand Padmanabhan said on the occasion.

As part of the deal, Wipro will acquire Atco's I-Tek subsidiary for $195 million and strengthen its delivery model in North America and Australia.

The US-based I-Tek has been providing IT services to Atco over the past 15 years.

"This strategic alliance will enable us to focus on growing our core businesses of structures and logistics, utilities and energy, while partnering with Wipro for IT solutions required to support our global operations," Atco's chief financial officer Brian Bale said.

Atco aims to deliver cost-effective services to its customers using Wipro's domain capability.

"We are confident that our domain expertise and talent pool will help us support Atco's growth in Canada and Australia," Padmanabhan added.