Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Ensono Officially Closes $405M Acquisition of Wipro’s Hosted Data Center Services Business

Ensono Officially Closes $405M Acquisition of Wipro's Hosted Data Center Services Business

Ensono doubles in size and scale to accelerate innovation with clients

Ensono™, a leading hybrid IT services provider, closed on its acquisition of Wipro Limited’s Hosted Data Center Services (DCS) business in U.S., Europe and Singapore. The acquisition of the Indian assets is planned to be completed later in the year. Ensono and its clients will greatly benefit from the more than 900 associates joining the Ensono family.
This is Ensono’s third acquisition in less than three years. By adding Wipro’s Hosted Data Center business, Ensono has nearly doubled in size, expanded its client portfolio, and increased its annual revenue to more than $550 million. Ensono will expand its presence in the U.S. and U.K., establish an operational presence in India, and extend into Germany to provide clients with always on, scalable service.

Ensono and Wipro have entered into a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise clients. As part of the agreement, Wipro will make a strategic investment of $55 million in Ensono and join the company’s Board of Directors.

“We’re proud to enter into a partnership with a company who has years of IT experience that’s able to fully meet the needs of international hosted data center clients,” said Raj Bagga, vice president of global infrastructure services at Wipro Limited. “Our combined company will bring solutions to clients across industries more quickly and at a larger scale than ever before.”

“This acquisition is a strategic move to expand our global presence to offer clients more options and access to a larger group of talented associates that will help drive faster transformation and innovation for our clients,” said Jeff VonDeylen, CEO of Ensono. “Ensono’s growth over the last three years has been astounding, and this acquisition solidifies our position as a relentless ally to our clients and cements our position as a recognized global leader in hybrid IT.”

For more information about Ensono’s acquisition of Wipro’s managed hosting business, please visit https://www.ensono.com/wipro.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post