<ul><li>Indian IT services company Wipro has announced plans to acquire Applied Value Technologies (AVT) in an all-cash deal valued at $40 million.</li><li>The acquisition aims to strengthen Wipro's application services capabilities and drive new growth opportunities.</li><li>AVT offers enterprise application development and support services, with consolidated revenue growing from $0.8 million in 2021 to $19.4 million in 2023.</li><li>This acquisition follows Wipro's strategic moves, including investments in automotive software marketplace SDVerse and insurtech company Aggne Global.</li></ul>

Wipro to Acquire Applied Value Technologies for $40 Million

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