Wipro - looks for the firms with new business models

Bangalore: Wipro is ranging for acquisitions of the technology companies which have latest business models and also evaluating few candidates for large buyouts,the key company official said- "We continue to be active in the acquisitions" ,The Bangalore-based company's Chief Financial Officer Suresh Senapaty said-"We are looking at the acquisitions which can able to  fill some of the gaps that we have in our practices, our verticals and  geographies and/or in terms of technologies which are going to be the technologies of Horizon 2 & Horizon 3 which means it will be some of value to us.The new models of business after 2-5years".

The Senapaty indicated that Wipro's acquisitions, whenever they made, would be large, saying that the company generally avoided very small companies because "the impact is not going to be felt.We don't have acquisition- size restrictions. But it has to fit from a strategic point of view, it has to fit from the cultural and financial strategy point of view".

He also  said that - Wipro was currently evaluating some few candidates  for acquisitions. We are continuously looking at it he added,  adding that the company  mergers and acquisitions team was frequently scouting for target companies from the strategic point of view.