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Slide #48. Wipro — Opus CMC
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has signed a definitive agreement to acquire Opus CMC (Opus Capital Markets Consultants LLC), one of the leading US-based providers of mortgage due diligence and risk management services for a purchase consideration of USD 75 million that includes a deferred earn-out component. The acquisition will strengthen Wipro's mortgage solutions and outsourcing business and complement its existing offerings in mortgage origination, servicing and secondary market.
Wipro is an information technology, consulting and business process services company. Co.'s range of services includes digital strategy, customer-centric design, consulting, infrastructure services, business process services, research and development, cloud, mobility and analytics and product engineering. Co. provides its customers a variety of commercial models including fixed price, capacity based, and outcome based models. Co. provides all of these services and models globally by using its proprietary products, platforms, partnerships and solutions, including automation technologies such as its proprietary cognitive intelligence tool, Wipro HOLMES Artificial Intelligence Platform .
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