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Wipro Limited, a leading information technology, consulting and business process services company announced that it has signed a definitive agreement to acquire International TechneGroup Incorporated (ITI), global digital engineering and manufacturing solutions company.
ITI is a world leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services. Through its key solutions for Model-Based Enterprise (MBE), data interoperability and data migration, ITI provides the building blocks for Industry 4.0, to help build' next generation' digital enterprises.
Founded in 1983 and headquartered in Milford, Ohio, USA, ITI has offices in the United Kingdom, Italy, Israel and Germany and directly provides software products and services to some of the world's leading manufacturers across aerospace, automotive, healthcare and other segments. ITI has long-standing partnerships with leading CAD, Computer Aided Manufacturing (CAM), Computer Aided Engineering (CAE) and PLM vendors, providing a variety of vendor/OEM integration and interoperability solutions.
ITI's offerings and solutions will be consolidated as a part of Wipro's industrial & Engineering Services business and will function as a wholly-owned US subsidiary of the company, Wipro's industrial & Engineering Services provides customers with a platform to innovate and engineer the next generation of products and platforms at scale, using an approach termed as 'EngineeringNXT'.