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Wipro buys US company CAS Group for $80 million

BENGALURU: Wipro has acquired Convergence Acceleration Solutions (CAS Group), a US-based consulting and programme management company that specialises in business and technology transformation for large communications service providers. It will pay $50 million upfront and has allocated a contingent consideration of $30 million to be payable over three years.
CAS Group, founded in 2007, delivers transformation programmes of service including mobile/wireless, business and fibre-optic services, as well as cable, data, and telecom retail solutions.

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