Wipro Carries Stake In Cloud App Systems - HPC ASIA
News

Wipro Carries Stake In Cloud App Systems

ir_attachment_794

The third largest exporter in India has picked up a minority stake in US-based cloud solutions startup. Drivestream Inc for $5 million — its first venture investment in a startup after it launched a $100-million corporate venture last year. Over the past two years, Wipro has invested in startups – a $30-million investment in US-based Big Data startup Opera Solutions and a $5-million investment in Axeda. 

​”As part of this arrangement (acquiring minority stake), Wipro is investing USD 5 million in Drivestream Inc,” it said in a statement.​

“This investment into Drivestream reflects Wipro’s continued commitment to help our customers adopt Oracle cloud applications. This unique complement of strengths between the two companies will enable us to jointly deliver value to our customers and enhance our leadership in the Orac​le​

 



  

Subscribe to our mailing list

 

* indicates required

 

 

 

 

 

 

 

 

 

 

 Newsletter Frequency

 

 

 

 

 

 Email Format

 

 

 

 

 

   

 

 

 

 


Comments

comments

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

To Top
error: Content is protected !!
/body /html