Did Wipro overpay for Capco? Here’s the answer to the USD1.5 billion question.

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Wipro employees at the company headquarters in Bengaluru on July 17, 2019.

Synopsis

Wipro has spent the last few years strengthening its banking-and-financial-services business. But the performance in the BFSI space has been patchy for most IT firms. With the pandemic expediting digital transformation across sectors, Wipro wants to assume a greater role and grab a bigger share of the pie. Can Capco help it achieve that?

It’s the same story that plays out these days when it comes to digital-transformation programmes of businesses across the world. Broadly, the theme goes like this: The plot: A global company draws up its strategy road map for the adoption of digital technology to transform its business, and scouts for partners that can help it achieve the goal. The cast: The company (client) and its potential solution providers (a technology firm, an

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