Synopsis
The acquisition will give Wipro access to a set of key clients, customer contracts and related employees from Alpha Net Group. The deal also includes deferred earnout-linked payments tied to performance conditions and is expected to close by June 30, 2026.Listen to this article in summarized format
The acquisition will provide Wipro access to key clients, customer contracts and related employees from the Alpha Net group. The deal includes deferred earnout-linked payments tied to performance conditions and is expected to close by June 30.
Founded in 2001 and headquartered in Santa Clara, Alpha Net operates across the US, Singapore, India, the UK and the Netherlands. The contracts being acquired generated revenue of $37.3 million in calendar year 2025, up from $34.4 million in 2024 and $27.9 million in 2023.
The announcement comes a day before Wipro is scheduled to report its March quarter and full-year FY26 results on April 16. The board is also expected to consider a share buyback.
Wipro’s fourth-quarter net profit is estimated at Rs 3,439 crore, down 3.7% from a year earlier, while revenue is seen rising about 7% to Rs 24,611 crore. Investors will watch for the company’s outlook on demand, AI spending, deal wins and FY27 guidance.
Acquisition activity has accelerated across the IT sector in recent months as companies seek to expand AI, cloud and engineering capabilities. Wipro announced the $375 million acquisition of Mindsprint from Olam Group on April 6, 2026, after acquiring Harman’s DTS business for $375 million in August 2025.
Infosys announced the acquisitions of Optimum Healthcare IT and Stratus on March 25, 2026. Tata Consultancy Services completed the acquisition of Salesforce-focused Coastal Cloud in January 2026 after approving the purchase of ListEngage in October 2025. Mid-sized Coforge also announced a $2.35 billion acquisition of Encora, among the largest recent deals in the sector.
