India's IT major Wipro has bagged its biggest ever contract worth $1.5 billion from Alight Solutions LLC, the company announced on Sunday.
The contract period is for ten years in which Wipro will provide an inclusive suite of solutions and services to the US-based Alight Solutions. The latter provides technology-enabled health, wealth, human resources and finance solutions.
Tata Consultancy Services Ltd (TCS), which is a competitor to Wipro, has won three multi-year deals totalling over $5 billion in revenue since December 2017. In a statement, Wipro said that "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 deal is expected to enable the digital transformation of Alight's offerings and enhance the employee experience of its clients which will be supported by Wipro's strengths in digital technologies, cognitive automation and data analytics.
Expressing his faith in Wipro's capability of providing a comprehensive solution, Alight Solutions CEO Chris Michalak said, "Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro's leading position in automation and innovation, while allowing Alight to invest in its health, wealth and cloud-based solutions to meet the needs of our clients.''
The Alight deal will come as a jewel in the crown for Wipro, which reported a growth in its profit over 2 percent to ₹ 2,120 crores and revenue rising 4.72 percent to Rs 14,307 crores as against the last fiscal year.
Showering praises to its capabilities, Wipro CEO Abidali Neemuchwala said that the deal highlights the capabilities that the company has built over the years through strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES.
Neemuchwala added: "We will leverage this expertise to digitalise and modernise Alight's core across platforms, technologies and operations."
Interestingly in July, Wipro partnered with Alight solutions to take over the latter's India-based captive operations Alight HR Services India for an amount of Rs. $117 million. Wipro also informed the Bombay Stock Exchange (BSE) that the transaction was closed on August 31.
