Global BPM player WNS acquires Chennai-based automation platform Vuram for $165 million
- ByStartupStory | July 2, 2022
Vuram, a Chennai-based provider of corporate automation services, has been bought by WNS (Holdings) Limited, an India/US-based worldwide Business Process Management (BPM) service provider. According to a WNS announcement, the consideration for the deal is $165 million, including the down payment and anticipated earn-outs, but excludes adjustments for cash, debt, and working capital.
WNS used its surplus funds to cover the acquisition’s upfront payment. The purchase is anticipated to increase WNS’ net sales by around 2% in fiscal 2023 and to be accretive to adjusted earnings in fiscal 2023, based on the revenue earned by Vuram in fiscal 2022.
According to a press statement, Vuram, which was founded in 2011, employs about 900 people with digital skill sets across India, the US, Mexico, Australia, Canada, and the UK. Vuram offers a mix of low-code software applications and intelligent automation platforms to align, automate, and optimise processes in order to assist businesses in accelerating their digital transformation. Vuram is able to achieve end-to-end enterprise automation and the development of unique, scalable BPM solutions by integrating these technologies into core business operations.
“WNS expects that the acquisition of Vuram will quicken our organization’s transition to human-assisted, digitally led services and solutions. Their breadth of experience in assisting major international corporations to accelerate scalable enterprise automation and business transformation is in line with WNS’ short- and long-term strategic ambitions,” according to WNS CEO Keshav Murugesh.
According to Venkatesh Ramarathinam, founder and CEO of Vuram, “Vuram is thrilled to join forces with WNS, a recognised pioneer in Business Process Management.” We will enable clients to accelerate the automation, optimization, and transformation of their business models by fusing the distinctive capabilities of our two companies. We look forward to continuing to develop specialised, technologically advanced solutions and a competitive edge for our BPM clients in collaboration with the WNS team.”
Follow Startup Story
Related Posts
