Indian IT service provider Wipro has invested $1.2 mn in Squadcast. In this new venture, Wipro will provide IT incident response and site reliability engineering services to the startup. Wipro will be getting a minority stake of less than 20% in Squadcast and the deal is expected to be completed before 30th June. Squadcast provides services to help enterprises keep services in function. It claims to increase the IT incident recovery speed by four times.
Bengaluru-based Edtech startup WizKlub has appointed Pankaj Bande as CTO to lead the product design, learning, and development Team. He brings with him 20 years of professional experience and has worked with Wipro and Cognizant in the past. Bande has quality experience in conversational AI, IoT, Blockchain, Mobile Robotics, hardware, etc. In his last assignment, he served Wipro as Senior Architect for Conversation IoT Solutions for BFSI, Healthcare, Auto sectors.
Wipro announced the setting up of an Innovation Centre in London and said that will invest GBP rpt GBP 16 mn in the next four years in the 20,000 sq. ft. center. Wipro’s proposed flagship center in the UK will provide advanced digital, cyber-security, and cloud expertise and offer tech expertise to companies in the UK and globally. The year 2021 marks Wipro’s 75th global anniversary, and 25 years in the UK, where it employs over 4000 people.
The top five IT firms — TCS, Wipro, Infosys, HCL Tech, Tech Mahindra — together will hire over 110,000 technology professionals in the FY 2021-22, much higher than the addition of the net job of 90,000 during the last FY. DXC Technology, Mindtree and many other tech firms will also step up hiring in the coming quarters of this FY to manage higher attrition rates. These companies look for talent to execute projects for clients looking to digitally transform their businesses.
The University of Hertfordshire has witnessed a major cyberattack that disrupted all of its IT systems and services including Office 365, Teams and Zoom, local networks, Wi-Fi, email, data storage and VPN. Cybercriminals hit the university on Wednesday which resulted in the mass cancellation of all online classes for the ongoing week. The outage has also impacted students assignment submission but has no further academic disadvantage.
Wipro, for the time in over 10 years, has hit the best ever score in the March quarterly results as profit and revenue rose 27% and 3.4%, respectively. The IT services firm has put a forecast of 2-4% growth in the June quarter, with the aim to have a two-digit expansion—another first in a decade. Infosys, which reported robust numbers, is forecast to grow 12-14% in the year ahead, similarly, TCS is also expected to grow in double-digits.
Wipro has appointed Subha Tatavarti as CTO. The US-based Information Technology industry veteran has joined Wipro from Walmart where she was senior director of technology commercialisation. Prior to that, she has spent over 10 years with PayPal and was Head of product, data platform and infrastructure. She brings over 20 years of professional experience in product development, delivery, lifecycle management, cloud computing services, data and analytics.
Wipro has entered into an agreement to acquire Australia-based cybersecurity provider Ampion. The Melbourne-headquartered company was formed after the merger of two IT services providers Revolution IT and Shelde. The combination of Wipro and Ampion will be able to scale up demands for IT products and services in the growing market. Wipro in operating in Australia and New Zealand for the last 20 years.
Top Indian IT companies’ net hiring in FY22 could hit an all-time high, since the heydays of 2011-12, JM Financial said. Acceleration in the adoption of digital tech by global firms led to a rise in demand for IT services worldwide, making 2020-21 a transformative year for Indian IT companies. In 2011-12, the net hiring by top five offshore IT firms — Infosys, Cognizant, Wipro, HCL Tech and TCS, stood at 1,11,022, which has not been breached in the last nine years.