By Stephen Nakrosis

Wipro Ltd. on Wednesday said it agreed to buy Encore Theme Technologies Private Ltd., a provider of software-as-a-service and cloud solutions in financial services.

Wipro said Encore Theme has headquarters in Chennai, India, and is focused "on implementing a broad suite of Trade Finance solutions, developed by Finastra" to financial institutions in the Middle East, Africa, India and the Asia Pacific regions.

Angan Guha, Wipro's SVP and Global Head, Banking, Financial Services and Insurance, said, "We are excited to have the team at Encore Theme join us. They bring a wealth of trade finance product expertise coupled with significant delivery experience of Finastra solutions for both Trade Finance and Cash Management implementations."

The deal is expected to close before the end of this year, Wipro said.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

10-28-20 1141ET