Wipro To Acquire Select Alpha Net Customer Contracts For Up To $70.8 Million

Recently, tech giant Wipro announced that it will acquire select Alpha Net Consulting customer contracts for $70.8 million. According to sources, Wipro will gain access to key clients, associated contracts and its workforce, strengthening its AI-driven, consulting-led application services while supporting future growth opportunities.

However, amid this news and against the backdrop of the Q4 FY26 results declaration, Wipro shares on 16 April 2026 at 11:23 am were trading at ₹209.36, down by 0.15%.

About Alpha Net

Alpha Net Consulting is a California-based company that started operations in 2001. The company is known for providing enterprise software development, data engineering, and managed services to a global client base, with a focus on AI-led solutions. It operates across Singapore, India, the UK and the Netherlands.

The company delivers revenue from the client contracts being acquired by Wipro, which stood at $27.9 million in calendar year 2023, $34.4 million in 2024, and $37.3 million in 2025.

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What Are The Recent Acquisitions Of Wipro?

This is the second acquisition of Wipro since the start of the fiscal year. This brings the total value of the acquisition to half a billion. On April 6, Wipro Limited completed the $375 million acquisition of Mindsprint, the IT division of Singapore-based Olam Group, and also secured an IT transformation mandate from the same client.

With this, Wipro’s acquisition outlay in the first month of the fiscal has reached $446 million, exceeding its spending in the previous year, when it acquired Harman Digital Transformation Services (DTS) for $375 million in August.

Sources:

Livemint

Business Standard