Wipro Technologies Acquires Gallagher

Bangalore, India-based Wipro Technologies, the global IT services business of Wipro Ltd., has completed the acquisition of Gallagher Financial Systems Inc. The combined entity is now called Wipro Gallagher Solutions. No sale price was disclosed. Wipro offers application development and maintenance, infrastructure management, electronic enabling, business process outsourcing, and consulting services to the finance, retail, manufacturing, health care, transportation, telecom, and other markets. The combination of the two companies will enable integrated delivery of technology and services for loan origination. Initially, Wipro will be able to offer a mortgage loan origination system using Gallagher's NetOxygen technology and optimized business processes. Wipro Gallagher can be found on the Web at http://www.gogallagher.com.