Wipro Ventures, the investment arm of Wipro has made an investment in Vienna-based software testing company Tricentis. The investment of an undisclosed sum in Tricentis' series B funding in January this year where Tricentis raised roughly $165 million.Wipro ventures has invested over Rs 156 crore in 11 startups globally. Wipro will take its products and solutions to its customers. The partnership will integrate Tricentis Tosca, a continuous testing platform with Wipro AssureNX, a quality assurance platform and combine with Wipro HOLMES artificial intelligence platform in a broad automation ecosystem. Tricentis has been named Leader in Gartner's magic quadrant for software testing two years in row. Last month Tricentis acquired Flood IO, a popular load testing solution provider. HBO, ExxonMobil, Toyota, Deutsche Bank and Vodafone are among the company's global clients. CEO Sandeep Johri served as Vice President of Hewlett Packard's Strategy and Industry solutions before working with a
Market players say the mega buyback offers retail shareholders an attractive arbitrage opportunity
Either will impact its revenue from the health care business, slowing in recent quarters
Shares of Wipro went up 6.4% after the company announced a Rs 11,000-crore buyback
Muted guidance for Sept quarter, challenges in the health care vertical will keep margins subdued
The buyback price will be Rs 320 ($4.95) per equity share for up to Rs 11,000 crore ($1.7 billion)
Wipro is the fourth Indian IT services firm to announce a buyback after TCS, Infosys and HCL Tech
The stock hits 52-week high of Rs 291, up 8% on BSE in early morning trade on back of heavy volumes
The IT firm is seen reporting 3-5% growth in net profit in rupee terms
The company's board is meeting July 19 and 20, 2017 to also consider Wipro's first quarter results
Share buybacks typically improve earnings per share and return surplus cash to shareholders
Firm had withheld investments in the state over the issue
Partnership aims at joint research capability to pursue core & applied research in AI technologies
The company allotted 2433074327 equity shares of Rs 2 each as fully-paid up bonus equity shares
Move is part of Wipro's strategy to drive global investments in technology start-ups
ADRs are instruments denominated in US dollars, underlying shares are of foreign company
The Nifty IT index fell over 1% to 10,314, and was among the top three sectoral losers on NSE
Restrictions on visa issuance in the US will be a negative even if the company steps up local hiring
Wipro earned net profits of Rs 8,514 crore on revenues of Rs 55,040 crore in FY17
Wipro dons new face for changing times, hopes to push forth its image as digital tech services firm