Wipro wins biggest contract of over $1.5 billion from Alight Solutions

The contract follows the two companies' strategic alliance announced in July. As part of that, Wipro had announced investing $117 million in Alight and acquiring its captive India unit

Information technology (IT) services company Wipro has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC.

The deal will fetch it around $1.6 billion in revenue over 10 years.

The contract follows the two companies’ strategic alliance announced in July. As part of that, Wipro had announced investing $117 million in Alight and acquiring its captive India unit.

Wipro was mandated to digitally transform the Illinois-headquartered company’s business as part of this strategic arrangement.

Alight Solutions, which used to be the technology outsourcing business of HR and management consulting company Aon Hewitt, was acquired by private equity major Blackstone in 2017 and was rebranded an independent company.

“This deal will result in revenues of $1.5-1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date,” the company said in a statement. According to the deal, Wipro will drive digital transformation across Alight’s offers in health, wealth, HR, and finance solutions, among others. Read More