WNS acquires Vuram for $165Mn

WNS (Holdings) Limited has acquired Chennai-based enterprise automation services provider Vuram for $165 million including up-front payment and expected earn-outs, and excludes adjustments for cash, debt, and working capital.

WNS will expand its intelligent automation capabilities with the acquisition of Vuram. Vuram helps companies accelerate digital transformation by aligning, automating, and optimising processes using a combination of low-code software applications and intelligent automation platforms.

WNS has funded the up-front payment for the acquisition with cash on hand. Based on Vuram’s revenue generated in fiscal 2022, the acquisition is expected to add approximately 2 per cent to WNS’ net revenue in fiscal 2023, and to be accretive to fiscal 2023 adjusted earnings.

Keshav Murugesh, WNS’ Chief Executive Officer said, “WNS expects that the acquisition of Vuram will accelerate our organisational journey towards digitally-led, human-assisted services and solutions. Their depth of knowledge in helping large global companies drive fast, scalable enterprise automation and business transformation is well-aligned with WNS’ short-term and long-term strategic plans.”

Venkatesh Ramarathinam, Vuram’s Founder and CEO, said, “Vuram is excited to join forces with WNS, an established leader in Business Process Management. By combining the unique capabilities of our two companies, we will enable clients to accelerate the automation, optimisation, and transformation of their business models. We look forward to working with the WNS team to continue to create custom, technology-led solutions, and competitive advantage for our BPM clients.”