Wipro buys insurance-focused tech company Aggne for $66 million.

February 17, 2024
1 min read




Key Developments in the Indian Technology World

TLDR:

  • Wipro acquires majority stake in Aggne for $66 million
  • Infosys partners with Pacific International Lines for digital transformation

Wipro recently acquired Aggne, a US-headquartered technology company focused on the insurance industry, for $66 million. This move will enhance Wipro’s capabilities in the property and casualty insurance space. Infosys has entered into a partnership with Pacific International Lines (PIL) to revamp their customer portal and deploy a modern technology platform to drive connectivity across markets they serve.

Key Developments in the Indian Technology World

Here are some key developments in the Indian technology world:

  • Wipro acquired a majority stake in Aggne, a US-based technology company focused on the insurance industry, for $66 million. This acquisition will enhance Wipro’s capabilities in the property and casualty insurance space.
  • Infosys partnered with Pacific International Lines (PIL) to revamp their customer portal and deploy a modern technology platform to further their ‘Driving Connectivity’ initiative.
  • Pratt & Whitney opened a new digital capability center in Bengaluru to focus on delivering digital technology capabilities for their digital transformation.
  • Tata Elxsi inaugurated a new Global Design and Engineering center in Pune to cater to automotive OEMs and Tier I suppliers.
  • L&T Technology Services partnered with BlackBerry to leverage their automotive software solutions for developing software-defined vehicles for global OEMs.
  • Synechron deployed GitHub Copilot, an AI developer tool, for Indian developers, resulting in productivity gains of up to 40%.
  • Zendesk completed the acquisition of Klaus, an AI-powered quality management platform, to enhance their workforce engagement management solutions.
  • Fulcrum Digital launched Ryze, an advanced Generative AI platform, for streamlining workflows in the insurance and retail sectors.
  • Vertiv introduced the Vertiv Avocent ACS8000 Series Console in India for remote data center management and out-of-band management of IT infrastructure.
  • HCLTech received top ranking in Gartner survey for data center outsourcing and hybrid infrastructure managed services worldwide.


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