Wipro Infotech, the India, Middle East and South-East Asian arm of Wipro, is acquiring Singapore-based 3D Networks for $25 million in an all-cash deal.
3D Networks is a $36 million infrastructure management services company, and offers services in business communication infrastructure including voice data and coverged networks, managed services and 24x7 network operations centre, security solutions and services, storage solutions and consultancy services. The company employs close to 300 people, mostly in India.
Wipro is making the acquisition to beef up its infrastructure services arm as there has been key wins for Wipro Infotech in the recent past. Recently, it won two contracts worth $100 million spread over around ten years.
According to information available, 3D Networks has the option of gaining an addition $40-$40 million through earn-outs