Wipro Limited (BSE:507685) signed an agreement to acquire Edgile, Inc. from ABRY Partners, LLC and others for $230 million on December 19, 2021. Edgile's revenue for the year ended December 31, 2020, stood at $44.1 million. The transaction is subject to regulatory approvals and customary closing conditions.

The transaction will require approval by the Committee on Foreign Investment and Hart-Scott-Rodino Antitrust in the US. The expected closing date is before March 31, 2022. Piper Sandler acted as financial advisor to Edgile and Stone Key Partners LLC acted as financial advisor to Wipro for the transaction.

Louis Mercedes, Dean Zioze, Scott Dunberg, Roy Gillig, Robert Kidwell, Farrah Short, Tinny Song, Patricia Moran and Alexander Song of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo acted as legal advisor to Edgile. Chuck Samuelson, Gus Petropoulos, Robert Bell, Ryan Fayhee, Alan Kravitz and Charles Wachsstock of Hughes Hubbard & Reed LLP acted as legal advisor to Wipro Limited.