May 01, 2012, 01.20 PM | Source: Reuters
Wipro, India's No. 3 software services exporter, has signed an agreement to buy Australia's Promax Applications Group for 35 million Australian dollars, it said in a statement on Monday.
The acquisition will help Wipro strengthen its position in analytics and information management services, the company said, adding the deal will be closed by end June. Avendus Capital acted as the exclusive financial advisor.