Wipro to acquire Viteos group for $130 million

India’s third largest software company has said it will acquire Viteos Group, a BPaaS (business process as-a-service) provider for alternative investment management industry for $130 million in a all-cash deal.The software company says that the acquisition will expand Wipro’s capital markets portfolio in fund accounting services and enhance its business process services capabilities. The deal is expected to be closed by the fourth quarter of FY16.

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