IT major Wipro Ltd. today entered into a strategic alliance with Alberta-based ATCO Ltd, one of Canada’s premier corporations.
Under the alliance Wipro will provide total outsourcing solutions to ATCO in Canada and Australia, according to a release here. Wipro and ATCO have signed a series of Master Services Agreements under which Wipro will provide the complete suite of IT services to ATCO. The arrangement is projected to result in revenues of over CAD 120 million (USD 112 million) to Wipro annually, for the next ten years, up to December 2024. This alliance ensures ATCO can focus on growing our core businesses of structures and logistics, utilities, and energy while partnering with Wipro for strategic, innovative IT solutions required to support our global operations, Mr Brian Bale, Senior Vice-President & Chief Financial Officer, ATCO said. Wipro Chief Executive (Energy, Natural Resources and Utilities) Anand Padmanabhan said that ‘our focus will be to enable ATCO to enhance their competitiveness by deployment of strategic solutions and efficient delivery of IT services.’
However, the transaction is subject to customary closing conditions, the release added.