Wipro Opus CMC deal in Dec 2013

Wipro to acquire Opus CMC, one of the leading US Mortgage Due Diligence and Risk Management Service Providers.

WIPRO, a leading global Information Technology, Consulting and Outsourcing company announced that it has signed a definitive agreement to acquire Opus Capital Markets Consultants LLC (Opus CMC), one of the leading US-based providers of mortgage due diligence and risk management services, for a purchase consideration of USD 75 million that includes a deferred earn-out component. The acquisition will strengthen Wipro's mortgage solutions and outsourcing business and complement its existing offerings in mortgage origination, servicing and secondary market.