Tech
Wipro wins $650 million deal from British insurer Phoenix Group
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Wipro, India’s fourth largest IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group, the company said on Wednesday, announcing its second mega deal this financial year.
Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider.
The latest deal is for Phoenix Group’s ReAssure business where Wipro will work on life and pension business…
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