Wipro completes acquisition of Belgian firm 4C for 68 million euros

4C will be consolidated as part of Wipro's Salesforce practice, which provides solutions globally around multiple Salesforce clouds and its ecosystem of products, Wipro had said

IT major Wipro on Tuesday said it has completed the acquisition of 4C for 68 million euros.

In July this year, the Bengaluru-based company had said it will acquire 4C for 68 million euros (about Rs 589 crore).

"In continuation to the aforesaid letter (dated July 23, 2020), this is to inform that the said acquisition (of 4C) has been completed on August 10, 2020," Wipro said in a regulatory filing on Tuesday.

Established in 1997 with its headquarters in Mechelen (Belgium), 4C has delivered over 1,500 projects for more than 500 customers. With over 350 employees based out of local offices in London, Paris, Brussels, Copenhagen and Dubai, 4C has a Salesforce (a cloud-based solutions company) practice in the UK, France, Benelux, the Nordics and United Arab Emirates regions.

4C's revenues stood at 31.8 million euros for the year ended January 31, 2020, the filing said.

Wipro had said the acquisition would significantly strengthen its position as a leading provider of Salesforce solutions in various markets.

Wipro has a well-established Salesforce business in the Americas, Japan and Australia which was reinforced with the Appirio acquisition in 2016.

4C will be consolidated as part of Wipro's Salesforce practice, which provides solutions globally around multiple Salesforce clouds and its ecosystem of products, Wipro had said.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel