Wipro buys Mindsprint
Wipro agreed an all‑cash acquisition of Singapore‑based Mindsprint for about $375 million and secured an eight‑year contract from Olam Group worth roughly $1 billion. Mindsprint was founded in 2007 within Olam and the deal combines capability purchase with long‑duration commercial revenue. (caproasia.com)
Wipro has agreed to buy Singapore-based Mindsprint for $375 million in cash as part of a broader deal with Olam Group. (wipro.com) The companies signed the agreement on April 5, 2026, and announced it on April 6. Wipro said the transaction will make Mindsprint a wholly owned subsidiary after closing, which is expected by the end of June 2026, subject to approvals and other customary conditions. (wipro.com; economictimes.indiatimes.com) Alongside the purchase, Wipro won an eight-year strategic transformation contract from Olam Group with a committed annual spend of $100 million. Olam said that puts the contract at about $1 billion over the term. (olamgroup.com; wipro.com) The structure gives Wipro both a services business and a long-duration customer commitment on day one. Wipro said the work will cover Olam’s global estate and use artificial intelligence, cloud, cybersecurity and data services. (wipro.com) For Olam, the sale fits a reorganisation plan it updated on April 14, 2025, to divest and monetize remaining assets over time and return net proceeds to shareholders through special dividends. Olam said the Mindsprint sale is part of that plan. (olamgroup.com) Mindsprint started in 2007 as Olam Technology and Business Services, the in-house technology arm of Olam Group. It later expanded into a standalone digital and technology services company serving enterprise clients beyond Olam. (mindsprint.com; olamgroup.com) Wipro said buying Mindsprint adds consulting and technology delivery capacity in sectors including agriculture, food, manufacturing and supply chain. Olam said Wipro will keep supporting transformation work across farming, manufacturing, forecasting, trading, supply chain operations and customer engagement. (wipro.com; olamgroup.com) Investors treated the announcement as a positive near-term revenue signal. Reuters reported Wipro shares rose as much as 3.2% on April 6 after the deal was disclosed. (reuters.com) The transaction still needs merger-control clearance and other closing steps, but the outline is already clear: Wipro is paying cash for an embedded technology unit and locking in eight years of work from its former owner. (bakermckenzie.com; olamgroup.com)
