Wipro Limited (BSE:507685) acquired Convergence Acceleration Solutions, LLC for $80 million on April 11, 2022. As part of consideration, Wipro paid $50 million in cash and $30 million as contingent consideration to be payable over 3 years. Convergence generated revenue of $20.1 million for the year ended December 31, 2021. ILLUM Partners acted as financial advisor to Convergence Acceleration Solutions and Thompson Hine LLP acted as legal advisor to Convergence Acceleration Solutions.

Wipro Limited (BSE:507685) completed the acquisition of Convergence Acceleration Solutions, LLC on April 11, 2022. Hughes Hubbard & Reed LLP acted as legal advisor to Wipro Limited.