The Private Equity team advised Ensono in its acquisition of Wipro’s hosted data center services business for $405 million. Approximately eight data centers, and nearly 900 employees of Wipro’s hosted data center services business will transition to Ensono. The acquisition significantly expands Ensono’s geographic footprint and global service capabilities, taking the company one step closer to achieving its vision of helping clients harness the power of hybrid IT to transform their businesses on a global scale. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 2018.
Ensono and Wipro also have signed a long-term partnership agreement to jointly address hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of the agreement, Wipro will make a strategic investment of $55 million in Ensono.
Ensono, a portfolio company of Charlesbank Capital Partners and M/C Partners, provides hybrid IT services, from cloud to mainframe, that enable clients to digitally transform their business.
Wipro Limited is a leading global information technology, consulting and business process services company.
The Goodwin team was led by partners Adam Small, James Curley, Milena Tantcheva and David Patton and included partners Andrea Murino, Roger Cohen and Jim Mattus; counsel Nathan Brodeur, Todd Hahn, Kirby Lewis and Nicole Riley; and associates Joseph Baron, Nick Caro, Morgan Frisoli, Andy Lock, Amani Kancey, Allyson Maur, Brian McNeil, John Stern and Bethany Withers.
For additional details on the acquisition, please read the press release.