The two companies have also signed a strategic partnership to build an integrated Cloud Solutions stack for customers. This is part of Wipro’s strategic choice to participate in the external innovation ecosystem, for which it has set up Wipro Ventures, a $100m fund focused on investing in startups.
The investment aims to further extend Wipro’s leadership in the Oracle application services space particularly in cloud applications.
Customers will have the ability to benefit from Drivestream’s Oracle cloud HCM and Oracle cloud ERP solutions and Wipro’s end-to-end Oracle services.
Led by Gopal Krishna, President and Chief Executive Officer, Drivestream is a management and IT consulting firm specializing in Oracle Cloud Services (HCM, ERP, Planning & Budgeting), and on-premise PeopleSoft application implementation, upgrades, enhancements and ongoing support.