Financial Daily from THE HINDU group of publications
Tuesday, Feb 21, 2006


Group Sites

Home Page - Software
Info-Tech - Mergers & Acquisitions

Wipro buys US-based cMango for $20 m

Our Bureau

Bangalore , Feb. 20

CONTINUING with its `String of Pearls' acquisition strategy, Wipro Technologies added one more pearl on Monday by picking up the US-based privately-held cMango Inc, a technology infrastructure consulting firm, in an all-cash deal. As part of the deal, Wipro will pay $20 million in cash as well as earn-outs based on achieving financial targets over a two-year period.

cMango, with annualised revenues of $13 million, is focussed on offering business service management (BSM) solutions from BMC Software Inc. BSM involves managing services offered through IT infrastructure and applications. cMango's services comprise business transformation, ITIL consulting, service management solution architecture, implementation, training and support services.

Mr Sudip Nandy, Wipro's Chief Strategy Officer, said, "We see significant value from the cMango team through their potent consulting skills, breadth of service portfolio and domain depth."

"The cMango acquisition enhances Wipro's capabilities in the BSM space, where we have a small presence," said Mr G. K. Prasanna, Senior Vice-President, Technology Infrastructure Services, Wipro Technologies. "Wipro has been working with cMango for the past six to nine months in executing some of the deals jointly," he told Business Line.

Through this deal, likely to be concluded by April 2006, Wipro adds a 120-member strong team, of which some 70 are based at cMango's delivery centre in Pune and close to 30 in Singapore.

Mr Pravin Jain, CEO, cMango said, "This partnership brings together the specialised expertise of cMango and Wipro's wide range of services and extended global reach."

More Stories on : Software | Mergers & Acquisitions | Wipro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PM takes up Mittal's Arcelor bid with Chirac
French President says no future plan has been submitted

VSNL employees seek allotment of 3 pc equity when Govt exits
MNCs stepping up investments in India — Buoyant economy, growing domestic consumption
No avian flu, no need for vaccine, says Venkateshwara Hatcheries chief
Bird flu scare hits egg, broiler movement
Wipro buys US-based cMango for $20 m
Bird flu fall-out — Hatcheries, hotel stocks decline; pharma cos gain
Reliance Info, Communications to write off Rs 4,500 cr
Handset distribution business — HCL Info, Nokia in new 5-year deal
Reliance offers LG handset for Rs 1,500

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line