Wipro to acquire US-based Opus CMC for Rs 467 crore Read more at: http://economictimes.indiatimes.com/articleshow/26747283.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The purchase agreement of $75 million includes a deferred earn-out component, Wipro said without giving further details of the deal with.Country’s third largest software services firm WiproBSE 2.24 % today said it will acquire US-based Opus Capital Market Consultants for $75 million (over Rs 467 crore) to strengthen its mortgage solutions business in North America.

The acquisition, which is expected to be completed in the fourth quarter (January-March) of 2013-14 fiscal, will aid Wipro in managing risks and identifying profitable growth opportunities in the existing loan portfolio as well as new originations.


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