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    Default Wipro buys Australian analytics firm

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    Global software major Wipro Ltd. has acquired Australian-based analytics firm Promax Applications Group for Australian $35 million (Rs. 189 crore).

    “The acquisition of Promax will strengthen our positioning and capability in management, analytics and optimisation of trade promotions and extend our leadership in analytics and information management services,” Wipro global head for analytics and information management K.R. Sanji said in a statement on Tuesday.

    As per industry estimates, consumer focused firms spend 12-25 per cent of their gross annual sales on trade promotions. Organisations are leveraging analytics to enhance effectiveness and maximize the return on investment (RoI) of their spend on trade promotions.

    “Combining Promax’s industry expertise with our experience in delivering end-to-end large business solutions to global clients will enable our clients to maximise the RoI of Trade Promotion spends,” Sanjiv noted.
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