Wipro Eyes Amex, BoA Contracts

According to media reports, Wipro has placed its bid for an outsourcing deal, with an expected value in excess of $ 1 billion, with American Express (Amex). Amex is offering this contract as its seven-year, $4 billion outsourcing deal with IBM expires next year. Wipro is also reported to be in pursuit of another deal of approximately $1 billion with the Bank of America (BoA).

Wipro’s attempts to win the contracts are in line with its strategy to increase its presence in the financial segment.