Wipro has agreed to sell off its Workday and Cornerstone OnDemand business for US$110 million in order to focus on more lucrative cloud applications and platform space.
As a result of the agreement, around 350 employees of Wipro will move to Illinois-based Alight Solutions.
Wipro’s Workday and Cornerstone business has offices in the US, the UK, Ireland, and Portugal in addition to India.
Wipro and Alight have multiple partnership deals. In September last year, Wipro took over Alight’s captive operations in India for US$117 million.
In a joint statement, the companies said they will continue to explore additional strategic opportunities and possible alignment of portfolios based on their respective strengths.
The Workday and Cornerstone practice came into Wipro’s fold when it purchased Appirio in 2016 as part of bolstering its cloud portfolio.
The Indian firm says it will focus and investment plans for the cloud applications and platforms space including growing and expanding its Salesforce business under the Appirio brand.
The purchase, Alight says, will expand its capabilities and resources in HCM and financial solutions by bringing in Wipro’s advisory, implementation and integration offerings.
“This acquisition enhances both the depth and breadth of our HCM solutions, one of Alight’s fastest-growing businesses, ” said Chris Michalak, Chief Executive Officer, Alight Solutions.
Blacksone-backed HCM specialist, Alight provides benefits administration, HR business process outsourcing and Workday implementation and support services.