Wipro eyes new business model cos for acquisitions

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Bangalore, Sep 9: Wipro is planning for acquisitions of leading technology companies with new business model of the future, a key company official said.

"We continue to be active in acquisitions," the Bangalore-based, New York Stock Exchange Limited company's Chief Financial Officer Suresh Senapaty told to news agency.

Senapaty indicated that Wipro's acquisitions, whenever they are made, would be large, saying the company generally avoided very small companies because "the impact is not going to be felt."

Senapaty said Wipro was currently evaluating a few candidates for acquisitions. "We are continuously looking at it," he said, adding, the company's M & A (mergers and acquisitions) team was continuously scouting for target companies from strategic point of view.

He said Wipro was looking for growth in India and from other emerging markets and also in some segments in US and Europe "which are showing improvement."

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