Wipro has announced plans to acquire an additional 20% stake in US-based insurtech firm Aggne Global for approximately $28.5 million. The move reflects Wipro’s strategy of strengthening its presence in the rapidly growing insurance technology segment.
The acquisition is expected to enhance Wipro’s capabilities in insurance software solutions, digital transformation services, and cloud-based platforms. The insurance industry globally is increasingly adopting technology-driven business models, creating opportunities for IT service providers.
Industry experts believe specialized acquisitions could help large technology firms strengthen their domain expertise and expand revenue streams in high-growth sectors.
