IT service major, Wipro will take over select customer contracts of Alpha Net Consulting for $70.8 million. The acquisition will help Wipro access certain key clientele, their customer contracts as well as the related workforce, augmenting its existing AI-powered, and consulting-led application services capabilities, and fuelling new growth opportunities.
"Wipro Limited, through its subsidiaries, signed a definitive agreement on April 14, 2026 to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries," according to the BSE filing.
The deal involves a cash consideration of up to $70.8 million, subject to customary closing adjustments. This includes a deferred earnout component, contingent on the achievement of specified performance metrics and conditions. The transaction is expected to close by June 30, 2026.
By June 30, 2026, the transaction is expected to be completed.
Founded in 2001 and headquartered in Santa Clara, California, Alpha Net Group also has a presence in Singapore, India, the UK, and the Netherlands. The company delivers enterprise software development, data engineering, and managed services to a global clientele in an AI-first landscape.
Its revenue from the select customers whose contracts have been acquired by Wipro, for the last 3 completed years (period ended December 31) is $27.9 million (calendar year 2023); $34.4 million (2024); and $37.3 million (2025).
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