Acquisition to bring together Wipro’s global scale with the strategic SAP consulting capabilities and deep industry expertise of Rizing

NEW YORK | BANGALORE, India — April 26, 2022: _{Wipro Limited} (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it has signed a definitive agreement to acquire Rizing Intermediate Holdings, Inc. (“Rizing”), a global SAP consulting firm, significantly expanding its breadth of capabilities in helping businesses transform into intelligent enterprises.

Rizing is the latest in a series of acquisitions by Wipro, underscoring the company’s ambitious growth agenda. Rizing’s high-touch approach, along with its industry expertise and SAP consulting capabilities in enterprise asset management, consumer industries, and human experience management, will be instrumental in advancing Wipro’s position as a sought-after advisor for clients’ most complex SAP transformations.

“We are thrilled to welcome the Rizing team to the Wipro family,” said, Chief Executive Officer & Managing Director, Wipro Limited. “Rizing’s complementary consulting capabilities and strong client relationships will significantly boost our existing offering, creating one of the most differentiated SAP services in the marketplace. Together, we will be able to expand our presence in high-growth industry sectors.”

Rajan Kohli, President of Wipro’s iDEAS (Integrated Digital, Engineering and Application Services) business, added, “Our clients’ digital transformation needs are rapidly evolving, and they are turning to us to help them become Intelligent enterprises. Rizing’s domain expertise, combined with our cloud and digital solutions, will allow us to help clients unlock new value and build agile businesses for a new era of digitalization.”

As one of the leading strategic partners in the world for SAP, Rizing will become a critical extension of Wipro’s SAP Cloud practice and Wipro FullStride Cloud Services. The combined offering will help clients surface unique business opportunities and new competitive advantages through SAP cloud implementations. It will also help Wipro expand its leadership in oil & gas, utilities, manufacturing, and consumer industries.

“This is the next phase of growth for Rizing. With Wipro’s backing, we will be able to enhance the value we deliver to our current clients and bring our differentiated offering to a broader universe of businesses,” said Chief Executive Officer, Rizing. “Combining the two firms will allow us to scale our services and expand our footprint in the market. We are thrilled to join a company that shares our values and vision, enabling us to grow in new strategic areas.”

Upon completion of the acquisition, Rizing will operate as Rizing, a Wipro company.

Rizing is headquartered in Stamford, CT, and has more than 1300+ employees in 16 countries across North America, Europe, Asia, and Australia. Rizing was previously owned by private equity firm _{One Equity Partners}.

Guggenheim Securities, LLC acted as exclusive financial advisor to Rizing for this transaction.

The acquisition is subject to regulatory approvals and is expected to close before the end of the quarter ending June 30, 2022.

About Rizing, a Wipro company

It’s the experience that matters. Rizing professionals help your business succeed at any point in your SAP journey. Rizing’s objective is to empower your business to unlock the intelligent enterprise with SAP cloud technologies, our geospatial solutions, and our proprietary, cutting-edge products to optimize and extend SAP such as Lifecycle Pricing, Rizing Fashion Suite, Carbon, Mercury, and OmniSpatial. With real-life experience in business areas like consumer industries, enterprise asset management, and human capital management, we know how to simplify your digital transformation so that your business can be everything you want it to be. From targeted small business needs to full-scale large enterprise resource planning solutions, our SAP-certified consultants are focused on your growth. For more information, please visit www.rizing.com or contact: Rizing Intermediate Holdings, Inc. at +1 (203) 517-0400, _{info@rizing.com}.

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Any statements in this release that are not historical facts are forward-looking statements defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

About Wipro Limited

_{Wipro Limited} (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting, and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.