In a significant move reflecting the dynamism of India’s technology landscape, leading IT services company Wipro has acquired a majority stake in Aggne, a US-headquartered technology firm specializing in the insurance industry. The acquisition, valued at $66 million, underscores Wipro’s strategic expansion into the insurance technology sector.
Wipro’s statement on the acquisition highlights the enhancement of its capabilities and intellectual property in the property and casualty (P&C) insurance domain. Aggne brings to the table a suite of services encompassing IP-led consulting, implementation, and managed services, with a strong emphasis on the Duck Creek platform—a comprehensive suite of cloud-based, low-code products.
This strategic alignment is expected to empower Wipro to deliver enhanced value, accelerate speed-to-market, and offer differentiated services to clients within the P&C sector.
In other notable developments:
Infosys Collaborates with Pacific International Lines: Infosys has forged a collaboration with Pacific International Lines (PIL), a prominent Singapore-based shipping company. This partnership aims to revamp PIL’s customer portal and deploy a scalable, modern technology platform to bolster its ‘Driving Connectivity’ initiative.
Pratt & Whitney’s Digital Capability Center in Bengaluru: Pratt & Whitney, a renowned player in the aerospace and defense sector, has established its India Digital Capability Center (IDCC) in Bengaluru. This center, co-located with Pratt & Whitney’s engineering and supply chain operations hubs, is poised to drive digital transformation across various priority areas.
Tata Elxsi’s Global Design and Engineering Centre in Pune: Tata Elxsi has expanded its presence in Pune with the inauguration of a new Global Design and Engineering center. Tailored to cater to the automotive industry, this center will foster collaborative initiatives in engineering R&D, spanning software-defined vehicles, connected services, autonomous technologies, and more.
LTTS Collaborates with BlackBerry: L&T Technology Services (LTTS) has partnered with BlackBerry to leverage its suite of automotive software solutions, facilitating the development of innovative software-defined vehicles (SDVs) for global OEMs.
Synechron Deploys GitHub Copilot for Indian Developers: Synechron, a digital consulting firm, has deployed GitHub Copilot, an AI developer tool, to enhance developer productivity across various projects.
Zendesk Completes Acquisition of Klaus: Zendesk has finalized its acquisition of Klaus, an AI-powered quality management platform, augmenting its workforce engagement management (WEM) solutions.
Fulcrum Digital Unveils Ryze, its Advanced Generative AI Platform: Fulcrum Digital has launched Ryze, an advanced Generative AI platform designed to streamline workflows in the insurance and retail sectors.
Vertiv Introduces Vertiv Avocent ACS8000 Series Console: Vertiv has announced the availability of Vertiv Avocent ACS8000 Series Console in India, catering to remote data center management and out-of-band management of IT infrastructure.
HCLTech Recognized in Gartner Survey: HCLTech has received accolades in the Gartner Peer Insights for Voice of the Customer, solidifying its position as a leader in data center outsourcing and hybrid infrastructure managed services worldwide.
These developments underscore the vibrancy and innovation driving India’s technology sector forward, positioning the country as a key player on the global stage.
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