Wipro announced the acquisition of Convergence Acceleration Solutions (CAS Group), a U.S.-based consulting and program management company for Fortune 100 communications service providers.
Financial details were not disclosed.
Wipro’s revenue contribution from Communications industry vertical was 5 percent in the December quarter of 2021, the lowest as compared to other verticals. Wipro’s IT services business has generated $2.639.7 billion in Q3 fiscal 2022.
The top 10 biggest Capex spenders in 2021 were AT&T, DT, Verizon, NTT, Comcast, Vodafone, Orange, Charter, America Movil, and Telefonica.
Worldwide telecom Capex — the sum of wireless and wireline telecom investments — rose 9 percent in 2021 and remain on track to advance 3 percent in 2022 before tapering off in 2023 and 2024, according to Dell’Oro Group.
“Surging wireless investments in the US taken together with non-mobile capex expansions in China will keep the momentum going in 2022,” said Stefan Pongratz, Vice President and analyst with the Dell’Oro Group.
CAS Group’s client relationships and domain expertise, combined with Wipro’s execution capabilities, will deliver an end-to-end professional services solution and immediate impact to clients.
“Their strategic partnerships with some of the largest communications service providers, combined with expertise in large scale transformation projects, will allow us to achieve a significant competitive advantage in this high-growth sector,” said Philippe Dintrans, Senior Vice President & Global Head, Domain & Consulting, Wipro, in a news statement.
CAS Group, founded in 2007, delivers strategic transformation programs to clients across 17 centers of service including mobile/wireless, business and fiber-optic services, as well as cable, data, and telecom retail solutions.
CAS Group’s services for telecoms operators include operational support system (OSS) and business support system (BSS) transformation, application modernization, broadband infrastructure services, and telco network enablement of digital products, such as 5G, Internet of Things (IoT), and Network as a Service.
“Communications service providers in North America are at the cusp of significant transformation driven by new connectivity technologies, solutions, and differentiated business models,” said Malay Joshi, Senior Vice President and Sector Head for Communications, Media & Information Services at Wipro.
John McAleer, Chief Executive Officer, CAS Group, said: “As we embark on the next phase of our growth journey, we are excited to bring our clients a broader set of solutions that will empower them to realize their transformation goals.”