Wipro to up its stake in U.S. firm Aggne Global to 80%
Wipro IT Services is increasing its stake in the Florida-based insurtech firm Aggne Global from 60% to 80% for $28.5 million. The acquisition aims to bolster Wipro's capabilities in AI and IP-led transformations within the insurance sector.
Why it matters
This move reflects the ongoing trend of major IT service providers consolidating specialized AI-focused firms to gain a competitive edge in the insurance industry.
Wipro IT Services will acquire an additional 20% stake in Aggne Global Inc, an insurtech company headquartered in Florida, with its primary global affiliate Aggne Global IT Services based in Hyderabad, Telangana.
Standard business reporting on a corporate acquisition.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in