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  • AppDirect: A B2B Subscription Commerce Platform

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by AppDirect.

    These days, subscription commerce is on the rise. When it comes to business, subscriptions for B2B software and services are growing significantly. As per statistics, the market size for these ‘anything as a service product, like SaaS, PaaS, IaaS, and many other solutions, is expected to reach $344.3 billion by 2024, at a CAGR of 24%.

    B2B subscription commerce is known to cover all technology and business operations that power the sales of digital products repeatedly. AppDirect is a top-ranked US-based company offering a robust B2B subscription commerce platform.

    This article discusses AppDirect’s startup story, founders, funding, investors, challenges, awards, and more.

    AppDirect – Company Highlights

    Company Name AppDirect
    Headquarters San Francisco, California, United States
    Sector IT Services and IT Consulting
    Founders Nicolas Desmarais, Daniel Saks, and Andy Sen
    Founded In 2009
    Valuation $1.5B (2022)
    Website Appdirect.com

    AppDirect – About
    AppDirect – Founders and Team
    AppDirect – Startup Story
    AppDirect – Mission and Vision
    AppDirect – Business Model
    AppDirect – Revenue Model
    AppDirect – Products and Services
    AppDirect – Challenges Faced
    AppDirect – Funding and Investors
    AppDirect – Mergers and Acquisitions
    AppDirect – Patents and Trademarks
    AppDirect – Growth
    AppDirect – Partners
    AppDirect – Awards and Achievements
    AppDirect – Competitors

    AppDirect – About

    AppDirect is a San Francisco-based company offering a B2B subscription commerce platform to bring together businesses, technology providers, and advisors for simplifying selling, buying, and managing recurring technology services.

    Operating in North America, South America, Australia, Canada, India, Europe, and many other locations, the company currently serves over 1,000 providers, 10,000 advisors, and 5 million subscribers to power their innovation, growth, and success. AppDirect is trusted by leading brands, including Deutsche Telekom, Microsoft, ADP, Google, and Jaguar Land Rover.

    AppDirect – Founders and Team

    Nicolas Desmarais, Daniel Saks, and Andy Sen founded AppDirect in 2009.

    Nicolas Desmarais

    Nicolas Desmarais - Co-Founder, Chairman, and CEO of AppDirect.
    Nicolas Desmarais – Co-Founder, Chairman, and CEO of AppDirect.

    Nicolas Desmarais completed a bachelor’s degree in Economics and Political Science from Amherst College. He worked as an Intern and Associate Consultant at Bain & Company. Currently, he is the Co-Founder, Chairman, and CEO of AppDirect.

    Daniel Saks

    Daniel Saks - Co-founder, President, and Co-CEO of AppDirect
    Daniel Saks – Co-founder, President, and Co-CEO of AppDirect

    Daniel Saks attended McGill University for BA in Political Science and Harvard University for a Master of Liberal Arts in Management 9 Finance and Accounting). He co-founded AppDirect and has been its President and Co-CEO.

    At present, aside from being the company’s President and Co-Founder, he is the Host of a new podcast- Decoding Digital.

    Andy Sen

    Andy Sen - Co-founder and CTO of AppDirect
    Andy Sen – Co-founder and CTO of AppDirect

    Andy Sen completed BS in Computer Science from Georgia Institute of Technology. He has diverse work experience as a Senior Engineer at Arc Worldwide, Senior Product Manager at Waltmart.com Global Initiative and Salesforce, and Director of Product Management at Serena Software.

    He has been the full-time Co-founder and CTO of AppDirect Since March 2010.

    AppDirect is a team of over 720 employees.

    AppDirect – Startup Story

    In 2009, Nicolas Desmarais and Daniel Saks spent the summer together and noticed a few trends. One trend that caught their attention was a shift to digital or software as a service that could change how people commence and manage their businesses. During that period, businesses were struggling because of the global recession.

    So, Desmarais and Saks saw those macro trends and brainstormed how they could enable big and small businesses to access this new way of doing business. They established AppDirect in 2009 out of an apartment in San Francisco at the age of 23.

    The company spent the first three years bringing an individual around that value proposition to the first customer, then selling and launching them. At present, AppDirect has millions of users.

    AppDirect – Mission and Vision

    AppDirect’s mission is to make technology universally accessible for every real business and individual to thrive in the digital economy.

    AppDirect – Business Model

    AppDirect offers access to a subscription commerce platform allowing companies to sell physical or digital products via any channel or platform as a service. The platform powers all direct or indirect sales while combining identity, mobile, data, and billing management for digital services.

    Users can also sell their services and third—party services via AppDirect’s commerce platform. In addition, the platform allows enterprises to include add-ons, bundle services, customize prizes, and offer sales promotions.

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    AppDirect – Revenue Model

    AppDirect has three pricing plans– ‘AppDirect Starter,’ ‘AppDirect Professional,’ and ‘AppDirect Enterprise.’

    The ‘AppDirect Starter’ price plan is offered for $799/month to mid-size companies with monetizing referral business. Mid-size companies selling technologies can access the ‘AppDirect Professional’ pricing plan for $1,499/ month + Transaction Fees. The ‘AppDirect Enterprise’ is offered at custom pricing to large companies selling technology.

    Plan Pricing
    AppDirect Starter $799 USD Per Month
    AppDirect Professional $1499 USD Per Month + Transaction Fees
    AppDirect Enterprise Custom Pricing

    AppDirect – Products and Services

    AppDirect’s platform offers the following mentioned services, categorized into Digital Monetization and Digital Procurement capabilities:

    • B2B Marketplace
    • Partner Relationship Management
    • Cloud Distribution
    • Subscription Billing
    • Device Application Management
    • Digital Engagement Capabilities
    • Proceurement Marketplace
    • Spend Management
    • Advisory Services
    • Workplace Identity & Data Management
    • Subscription Commerce 101 e-book

    Moreover, the company offers multiple solutions, such as Software as a Service, Infrastructure as a Service, Managed Services, Third Party Digital Services, and Customer Support Services.

    AppDirect – Challenges Faced

    Initially, co-founders found it challenging to get big customers for the company as it takes around a year’s sales cycle to close them.

    The Cloud Commerce Ecosystem: Challenges and Opportunities

    AppDirect – Funding and Investors

    AppDirect has raised approximately $474.5 million in a total of 8 funding rounds. Its latest funding round – Debt Financing, was conducted on March 19, 2021, and raised $54.8 million. Some leading company investors are Investissement Quebec, JP Morgan Chase, Mithril Capital Management, Inovia Capital, and more.

    Date Round Number of Investors Money Raised Lead Investor
    March 19, 2021 Debt Financing 1 $54.8 million Invetissement Quebec
    September 16, 2020 Private Equity 1 $185 million Caisse de Depot et Placement du Quebec
    October 7, 2015 Series E 7 $140 million JP Morgan Chase
    February 11, 2015 Series D 3 $50 million Mithril Capital Management
    April 10, 2014 Series C 5 $35 million Mithril Capital Management
    September 10, 2013 Series B 3 $9 million Inovia Capital
    July 18, 2012 Series A 3 $8.5 million Inovia Capital
    April 28, 2011 Seed Round 3 $3.3 million –

    AppDirect – Mergers and Acquisitions

    AppDirect has acquired 8 companies and these are:

    Company Announced Date
    TBI Inc February 1, 2023
    IT Cloud Solutions February 10, 2023
    Xendo March 1, 2016
    Radialpoint January 27, 2016
    AppCarousel September 24, 2015
    Leftronic November 10, 2014
    Standing Cloud September 10, 2013
    jBiling October 17, 2012

    AppDirect – Patents and Trademarks

    AppDirect has 13 registered patents with the ‘Computing; Calculating’ main category and 13 trademarks with ‘Scientific and Technological Services,’ the most popular class.

    AppDirect – Growth

    The estimated annual revenue of AppDirect in 2022 is $65 million ($89,779 revenue per employee), with its current valuation at $1.5 billion.

    AppDirect – Partners

    AppDirect has 64 partners, of which 45 are technology partners, and 19 are channel partners:

    AppDirect – Awards and Achievements

    Some of the awards and achievements that AppDirect garnered are:

    • Appsters Award for Best Use of Cloud
    • AppDirect named San Francisco Bay Area’s Third Fastest-Growing Private Company
    • Cloud Asia Award for Best Cloud Platform
    • AppDirect was named a finalist for Cloud Computing World Series Award

    AppDirect – Competitors

    Some of AppDirect’s main competitors are:

    • CloudBlue
    • Tackle Cloud GTM Platform
    • Purchase Commerce
    • Address
    • Pax8
    • Mirakl Marketplace Platform
    • IBM Cloud Broker
    • AWS Service Catalog

    FAQs

    What does AppDirect do?

    AppDirect is a San Francisco-based company offering a B2B subscription commerce platform to bring together businesses, technology providers, and advisors for simplifying selling, buying, and managing recurring technology services.

    Who founded AppDirect?

    Nicolas Desmarais, Daniel Saks, and Andy Sen founded AppDirect in 2009.

    What are the pricing plans offered by AppDirect?

    AppDirect has three pricing plans- AppDirect Starter, AppDirect Professional, and AppDirect Enterprise.

    Who are the competitors of AppDirect?

    Some of AppDirect’s main competitors are:

    • CloudBlue
    • Tackle Cloud GTM Platform
    • Purchase Commerce
    • Address
    • Pax8
    • Mirakl Marketplace Platform
    • IBM Cloud Broker
    • AWS Service Catalog

  • The Subsidiaries And Acquisitions Of Infosys Limited

    Infosys Limited is one of the most well-known Multinational Tech Companies in India, headquartered in Bengaluru, Karnataka. The company is known for services like Business Consultation, IT and Outsourcing.

    Infosys was established in 1981 and is now NYSE listed global consulting and IT company with more than 2,49,000 employees all around the world. The company is also considered to be the second-largest IT Company in India after Tata Consultancy Services. Infosys is also ranked 602nd largest company in the world according to the Forbes Global 2000 ranking.

    Infosys first started out with a capital of $250 but now has grown into a company that generates over $14.22 billion in revenue in the year 2021, with a market capitalization of approximately $90.25 billion.

    The company is over 40 years old and made a lot of development for the IT industry in India over the past years. It has played a role in the country’s emergence as a hub for software services. The company presently has over 123 development centres all over the world but is well known in countries like India, the US, China, Australia, Japan, Middle East and Europe.

    Over 60%, 24% and 3% of its revenue was generated from North America, Europe and India in 2019, while the rest 13% comes from other parts of the world. Infosys is the first Indian company to be listed on NASDAQ. It has also created many salaried millionaires over the years.

    The company works in domains like finance, insurance and manufacturing and provides services like NIA (Net generation AI platform), Infosys Consulting, Infosys Information platform, EdgeVerve Systems, Panaya Cloud Suite, Engineering services and digital marketing. Another well-known product is Finacle which is a universal banking solution.

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    The article covers:

    A Brief History of Infosys
    The Acquisitions of Infosys
    Some of the Popular Infosys Subsidiaries
    EdgeVerve Systems Limited

    Conclusion
    FAQs

    A Brief History of Infosys

    Infosys was established in the year 1981 by N R Narayan Murthy and six other engineers in Pune, Maharashtra with a small capital of $250.

    Know everything about Infosys Business Empire

    By 1987, the company had already opened its first international office in Boston, US. In 1992, the company went public so had to change its name from Infosys Technologies Private Limited to Infosys Technologies Limited. Later, the company was renamed Infosys Limited in 2011.

    The company received the ISO 9001/TickIT certification and opened a development centre at Fremont in 1994. In the next year, Infosys also opened its first European office in the United Kingdom and will also set up its business practice.

    The tech company established the Infosys Foundation and was assessed at CMM level 4 in 1997. It wasn’t until 1999 that Infosys got listed on the NASDAQ. Infosys becomes the 21st company in the world to achieve a CMM level 5 certification and opens offices in countries like Germany, Sweden, Belgium, and Australia.

    Infosys has its offices in France and Hong Kong and development centres in Canada and UK in 2000 and has also expanded its offices in UAE, Argentina in 2001. The same year the company goes on to launch Finacle which is a universal banking solution.

    In 2002, the company expanded its offices to countries like Netherlands, Singapore and Switzerland. The company finally reached the US $1 billion mark in revenue and then launched Infosys Consulting Inc in 2004.

    Infosys crossed the $5 billion revenue mark in 2010 and even gets listed on the NYSE in 2012. According to Forbes, Infosys became the world’s most innovative company. It provided $250 million to help the “Innovate in India” and in order to support startups in India in 2015.

    The company finally launched the awaited Infosys Maya. It is a platform that helps drive automation and innovation in companies. It has also launched Skava Commerce, a modular for e-commerce platforms in 2016.

    In 2019, Forbes ranks Infosys as No. 3 in the best-regarded companies list and also launches the Infosys Live Enterprise Suite. In 2020, the company targets to attain carbon neutrality and even announces its ESG Vision 2030 where it would measure targets across the environment, social and governance.

    Infosys Limited has been ranked number 1 in the 2021 HFS Top 10: Banking and Financial Services as per The Best of the Best Service Providers report.

    The Acquisitions of Infosys

    Some of the most well-known acquisitions of Infosys are:

    Announced Acquiree Name Acquisition Amount Business
    Jan 2021 Carter Digital – Digital Design Agency
    Oct 2020 Guide vision EUR 30 million ServiceNow Partner
    Sep 2020 Kaleidoscope US$42 million Product Design and Development
    Apr 2019 Stater N.V. EUR 127.5 million Mortgage Services
    Oct 2018 Fluido Oy EUR 65 million Salesforce Advisor and Consulting Partner
    Apr 2015 Skava US$120 million Digital Experience solutions
    Mar 2015 Panaya US$200 million Automation Technology
    Sep 2012 Lodestone Holding AG US$ 345 million Management Consultancy Company
    Dec 2009 McCamish Systems US$38 million Insurance and Financial Services
    Dec 2003 Expert Information Services US$23 million IT Service Provider

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    EdgeVerve Systems Limited

    EdgeVerve - Infosys Subsidiary
    EdgeVerve – Infosys Subsidiary

    EdgeVerve is one of the most popular Infosys subsidiaries that is known for its products and services. It is an innovative software product and offers an on-premise or cloud-hosted business platform. The company is a global leader when it comes to Automation and AI.

    The company works in sectors like banking, digital marketing, interactive commerce, distributive trade, and credit servicing, and even enterprise buying and customer service. The company has a portfolio of AI which includes Infosys Nia, automation with AssistEdge and business applications like TradeEdge and ProcureEdge.

    EdgeVerve also helps other companies in developing deeper connections with stakeholders and make innovations. Nowadays global companies from financial services, insurance, retail, life science, manufacturing and telecommunication use the company’s products.

    One of its most known services is the Finacle, a universal banking solution that serves over 547 million customers nearly 16.5% of the world’s adult banked population. By providing these services the company is creating possibilities and helping other enterprises grow.

    Panaya

    Panaya - Infosys Subsidiary
    Panaya – Infosys Subsidiary

    Panaya is an international subsidiary of Infosys which is a software company based in the US. Some of its popular products and services are automated code remediation, collaboration test management and test execution and ALM acceleration.

    The company is a leader in providing Automation technology, especially to large-scale enterprises. Panaya is a popular software as a service (SaaS) company and has its presence in the US, EMEA and Asia and also has its subsidiaries in Israel, Germany, Japan and Australia.

    Infosys BPM Limited

    Infosys BPM - Infosys Subsidiaries
    Infosys BPM – Infosys Subsidiaries

    Infosys BPM became a subsidiary in 2002 and is known for business process management. The company mainly operates in countries like India, Poland, Netherlands, South Africa, Brazil, Mexico, the US, Puerto Rico, China, Philippines, Australia and others.

    The company focuses on providing end-to-end outsourcing and other benefits at lower costs, productivity improvements and process reengineering. The company also has other subsidiaries under it that are Infosys Portland and Infosys McCamish Systems.

    The company is headquartered in Bengaluru, Karnataka and is mainly popular for integrated outsourcing and transformative services. More than 60% of the company’s business comes from the overlapping clients of their parent Infosys.

    Infosys BPM has so far opened 33 delivery centres in 14 different countries and 44,443+ employees from more than 110 nationalities. The company has also won over 60 awards and recognition in the past 5 years.

    Infosys Consulting Holding AG

    Infosys Consulting - Infosys Subsidiaries
    Infosys Consulting – Infosys Subsidiaries

    This company was initially called Infosys Lodestone. It is a global company known for providing consulting, technology, outsourcing and next-generation services. The company is now a global advisor to leading companies on things like process engineering and also managing tech-enabled transforming programs.

    The company offers various customized solutions to the businesses that their clients face and also helps them renew their existing IT landscapes along with bringing in new technology and innovation to their business.

    One of their most well-known services is the Infosys Aikido which includes working with clients in order to leverage the knowledge of systems. The company has so far conducted over 150 design thinking workshops and is actively engaged in 50 plus global companies and using Aikido to transform programs.

    Infosys consulting holding tries to combine human-centric approaches with advanced technology and help companies to reimagine their future and create lasting business value.

    Infosys Public Services Inc.

    Infosys Public Services - Infosys Subsidiary
    Infosys Public Services – Infosys Subsidiary

    The company is a US-based subsidiary of Infosys known for providing services like business consultation, technology solutions and even advanced digital service.

    Infosys Public Services, Inc. helps public sector organizations mostly in the countries like the US and Canada to stay ahead by innovating new things.

    Their services allow their customers to renew their companies and come up with new avenues to generate value. The company has over 40 plus years of cross-industry experience and is also adapted for the public sector. The company also provides flexible delivery models for predictable and on-time execution.

    Infosys Consulting Limited

    Infosys Consulting - Infosys Subsidiary
    Infosys Consulting – Infosys Subsidiary

    This is another well-known international Infosys subsidiary that was established in Brazil in 2009. The company is said to have many offices in cities like Sao Paulo, Rio De Janeiro and Nova Lima.

    Infosys Consulting helps its clients by providing business solutions, leverage technology, and global infrastructure. Their main vision is to show courtesy to their clients, employees including vendors, and society at large.

    The company has so far been respectful and successful in Brazil and is also considered to be one of the fastest-growing subsidiaries of Infosys. With the help of this company, Infosys has managed to expand in the Latin American market which is important as the region has huge potential in the IT and enterprise applications market with a booming economy.

    Kallidus

    Kallidus - Infosys Subsidiary
    Kallidus – Infosys Subsidiary

    Kallidus Inc, a US subsidiary of Infosys, is headquartered in San Francisco, California. The company is known for developing and providing mobile commerce and also helping its clients with digital marketing.

    Kallidus is good at developing applications, websites and various other digital shopping experiences for devices like mobile, tablet, desktop, etc. It also helps its clients at all stages of the value chain including design, implementation and managed services for retailers.

    Kallidus owns SkavaONE, which is a cloud-based tech platform well known for creating mobile commerce websites, mobile apps, online marketing campaigns and social media experiences for their clients.

    This also includes services like Mobile commerce suite, in-store suite, digital commerce suite, and Skava studio. The company offers maximum flexibility in e-commerce integration with API, raw data adaptors in order to create an Omnichannel experience.

    Noah Consulting LLC

    Noah Consulting - Infosys Subsidiary
    Noah Consulting – Infosys Subsidiary

    Noah Consulting, LLC is a global leader when it comes to management consulting services. The company helps oil and gas companies in managing, creating and deploying the information solutions for the business to generate value from their oil and gas assets. It focuses on providing the best data management, data warehousing, data integration, business intelligence, information quality and even data management solution.

    The company has over 15 years of experience in delivering practical solutions to the most complex information challenges the industry faces. Noah Consulting has its headquarters in Houston, Texas with over 50-100 employees. The company has a deep knowledge of the industry, information strategy planning, data governance which is why it is one of the most important subsidiaries to Infosys.

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    Conclusion

    Infosys is now a successful conglomerate known in more than 50 countries and popular among countries like India, the US, China, Australia, Japan, Middle East and Europe. The company has played a main role in the development of the IT Industry of the country and was pioneered by a lot of innovations.

    The company is now a global leader when it comes to consulting, technology, outsourcing and next-generation services. They help their clients to always stay ahead in the industry by helping them attain the business trends by providing various solutions.

    FAQs

    What are the main services of Infosys?

    The company is known for services like Business Consultation, IT and Outsourcing Services.

    Where is the headquarters of Infosys?

    The headquarters of Infosys is in Bengaluru, Karnataka.

    What are the main subsidiaries of Infosys?

    • EdgeVerve System Limited.
    • Panaya.
    • Infosys BPM Limited.
    • Infosys Consulting Holding AG.
    • Infosys Public Services Inc.
    • Infosys Consulting Ltd.
    • Kallidus.
    • Noah Consulting LLC.

    What are the main acquisitions of Infosys?

    • Expert Information Company in 2003.
    • McCamish System in 2009.
    • Lodestone Holding AG in 2012.
    • Skava in 2015.
    • Fluido Oy in 2018.
    • Stater N. V. in 2019.
    • Kaleidoscope in 2020.

  • The Subsidiaries and Acquisitions That Make Wipro Ltd Successful

    Wipro Limited is an Indian multinational corporation that is headquartered in Bengaluru, Karnataka. It is known for Wipro products and services list which includes IT services, BPO services, IT consulting, testing, research and development in the software and hardware areas of companies around the world.

    Wipro Group is a global leader when it comes to cognitive computing, robotics, hyper-automation, cloud, analytics and emerging technologies. The Wipro group of companies list is recognized globally for its portfolio of services, sustainability and corporate citizenship. The chairman of the company is Azim Premji who is the second wealthiest person in India and the person credited for the success of Wipro.

    The Wipro subsidiary companies are well one of the top IT service providing companies different types of Wipro products such as enterprise application services like ERP, SCM, CRM to services like E-procurement, E-Business solutions. The Wipro subsidiaries are divided into four different parts which are Wipro Limited, Wipro Consumer Care and Lighting, Wipro Infrastructure Engineering And Wipro GE Medical Systems Limited.

    The Wipro group companies offer services and products of Wipro to various industries like Finance, Telecom, Media, Utilities, Energy and Entertainment. Not only that, but Wipro company is also one of the largest R&D services in the world. The company has over 180,000 employees from various countries across six continents. Wipro also offers Consulting services and helps companies in Business Process Outsourcing which help in HR, Procurement, Finance and Accounting.

    The Wipro sub-companies also provide technology infrastructure services in terms of revenue, people and to over 200 customers in the US, Japan and Europe and 650 customers in India. The total revenue of Wipro as of 2021 is over $10 billion while its net income for 2021 is $1.4 billion. Wipro Industries is known to be the largest public-traded company in India and the seventh-largest IT Services Company in the world.

    A Brief History of Wipro
    Acquisitions and Subsidiaries of Wipro
    Popular Wipro Subsidiaries List

    Conclusion
    FAQs

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    A Brief History of Wipro

    Wipro originally known as the Western India Palm Refined Oil Limited (abbreviated to Wipro) started in December 1945 by its founder Mohamed Premji. The initial products of Wipro were different types of oil, as it started out as a manufacturer of vegetable and other refined oil known as Kisan, sunflower and camel in Maharashtra.

    In 1966, Azim Premji took over as the company’s chairman after his father’s death. The name of the company was changed from Western Indian products limited to Wipro products in 1977. That name was further replaced by Wipro limited in 1982, this was because in the same ear the company also entered the IT industry.

    Azim Premji is responsible for transforming Wipro into a Wipro Fluid company and also introducing Wipro Fluid Power that manufactures hydraulic and pneumatic cylinders. In 1979 Wipro became India’s first computer manufacturer as the company developed and sold its computers in 1981. With its success, the company forayed into the field of software development and is credited for introducing software packages for hardware customers.

    Facts on Wipro

    In the 1990s, the company got started its range of baby toiletries like Wipro baby soft and also the Santoor talcum powder which became a staple in Indian homes which was among the first Wipro subsidiaries. Wipro Infotech and Wipro system got merged with Wipro in 1995 and they became Wipro subsidiary companies. The company expanded internationally in the 1990s and even got listed on New York Stock Exchange in 2000. It was in 2002 that Wipro became the first Indian software tech and services company to get the ISO 14001 certified.

    The Wipro subsidiaries list kept growing as it ventured into manufacturing fluorescent lamps making the Wipro Consumer Care and Light Group enter the market. Wipro joined the billion-dollar club in 2004 and also partnered with Intel on a project called i-Shiksha. It wasn’t until 2012 that the company decided to demerge its consumer care, lighting, furniture, infrastructure engineering into a separate company known as the Wipro Enterprise Limited. The company further made many clever and strategic acquisitions and signed contracts with many international firms.

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    Acquisitions and Subsidiaries of Wipro

    The revenue of Wipro
    The revenue of Wipro

    Wipro has so far made over 19 acquisitions and 8 investments. All the Wipro acquisitions so far are estimated to be over $2.49 billion. The company has invested in many industries like SaaS, Search AF test, standard, manufacturing tech. Some of the top companies in the Wipro acquisitions list are Infocrossing acquired for $600 million in August 2007. One of the other top Wipro acquisitions was Appirio acquired for $500 million in October 2016 and HealthPlan Services acquired for $460 million in February 2016.

    Some of the other recent Wipro acquired companies are Rational Interactions a settle based digital customer experiences consultancy which the company acquired in February 2020. Wipro recent acquisition was in October 2020, when Wipro acquired Encore Theme Technologies, that same month it also acquired Eximius Design for $80 million. The last Wipro acquisition was in March 2021 was Capco a British consultancy firm.

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    Topcoder

    Wipro Subsidiary- Topcoder logo
    Wipro Subsidiary- Topcoder logo

    Topcoder became one of the Wipro subsidiaries when the company was acquired by Wipro in 2016 along with Appirio which were a part of their $500 million deal. Topcoder is a crowdsourcing company that has a huge global community of data scientists, developers, programmers and designers.  How Topcoder works is that it pays the members of its community for offering its services to corporate, mid-size or even small business clients.

    The company is also known for its yearly Topcoder Open tournament and other small regional events. This subsidiary of Wipro was founded by Jack Hughes in the year of 2001, the company first started with Competitive programming challenges which helped generate interest among the student community.  The company became one of the Wipro sister companies when it started offering various software development services and similar products of Wipro to 3rd party clients.

    In order to generate more income, the company started new competition tracks that gave more work to its employees. After being acquired by Wipro the company has continued to offer its clients many hybrid crowd platforms and help create certified and private crowdsourcing communities. Wipro then integrated its employee’s only crowdsourcing platform TopGear with Topcoder.

    The various services offered by the Topcoder design community are Information Architecture which helps the clients with wireframing and generating ideas. It also helps with the UI/U/CX design which involves the creation of apps and web designs and coming up with design concepts, ideas and presentation design all of which are said to be top Wipro company products. The software development challenges that topcoder offers are bug bash, code, first to finish, etc.

    Appirio

    Wipro Subsidiary- Appirio logo
    Wipro Subsidiary- Appirio logo

    Appirio is one of the best Wipro acquisitions, as it was acquired in 2016 as a part of their $500 million deal along with Topcoder. The company was founded by Chris Barbin, Narinder Singh, Glenn Weinstein and Mike O Brien. Appirio is currently one of the top Wipro sub-companies as offers information technology consulting services and has its headquarters based in Indianapolis in the USA. It company is known for its tech and professional services that its offers only to the clients that want to adopt public cloud applications.

    They also offer SaaS services like Salesforce and Google apps which are the top products of Wipro. The main competitors of Appirio’s are Accenture and Deloitte. The company was founded by Salesforce and angel investors ($1.1 million), Sequoia Capital ($5.6 million), Sequoia Capital and GGV capital ($10 million) and General Atlantic ($60 million).

    The company is a leader among Wipro group of companies and was awarded many titles such as On-Demand Company Of The Year by AlwaysOn, Best Place To Work In Bay Area by San Francisco Business Times in 2010. This is one of the few Wipro listed companies that have many other satellite offices in cities like Tokyo, London, Dublin, Sydney, Espoo, Stockholm, Porto, Pune, Bangalore, Noida, Hyderabad and Jaipur. The company is known to utilize public cloud solutions as it is a serverless company.

    Opus Capital Markets Consultants

    Wipro Subsidiary- Opus Capital logo
    Wipro Subsidiary- Opus Capital logo

    Opus is one of the top companies in the financial services industry which is why it became one of the top Wipro subsidiary companies. The headquarters are based in Lincolnshire in Illinois, the US and have over 500 employees. The company was founded in 2005 that became a wholly-owned subsidiary of Wipro in 2013. Opus offers various services like Residential mortgage, commercial mortgage, Compliances services, servicing reviews and advisory services which extends the Wipro company products list.

    The company is among the few Wipro subsidiaries that specialize in risk management providers for mortgage and consumer lenders, services and investors. The company is focused on delivering a wide range of services like due diligence, quality control, servicing oversight and operational assessment.

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    Yardley of London

    Wipro Subsidiary- Yardley logo
    Wipro Subsidiary- Yardley logo

    Yardley of London is a British personal care brand that was acquired by Wipro in 2009 and is one of the unique Wipro subsidiaries. The company is known to be one of the oldest and specializes in cosmetics, fragrances and toiletry products. Yardley is also one of the biggest manufacturers of soap and perfumes, which increases the Wipro FMCG products. Yardley is known to have received two Royal Warrants.

    The company was originally established by the cleaver family in 1770. The name of the company was changed to Yardley and Statham in 1823 after William Statham brought the firm. Yardley has made many soaps that are to this date popular. Because of the growing popularity of Yardley soaps and cosmetics in the 20th century, the company opened a shop in London in 1910.  

    In 1991, the company also introduced men’s grooming products. In 2005, the Jatanias which is Britain richest Indian family brought Yardley for 60 million euros 2005. It wasn’t until 2009 that Wipro consumer care brought Yardley for $45 million the brand ambassador for Yardley in India is Bollywood actress Katrina Kaif. Yardley is among the most popular Wipro company products.

    Wipro GE Medical Systems

    Wipro Subsidiary- GE Healthcare logo
    Wipro Subsidiary- GE Healthcare logo

    Wipro GE Medical Systems is a joint venture between GE Healthcare South Asia and Wipro in 1990 and is currently one of the top Wipro companies in India. The company is known for its research and development of healthcare products. The company increases the Wipro products list in India, as it manufactures a vast variety of gadgets and equipment for diagnostics, healthcare IT and services to help healthcare professionals that are used for combat cancer, heart disease and other ailments.

    Wipro GE Medical Systems is among the only company in Wipro companies list that strictly follows six sigma quality standards in all products. The company is an expert in medical imaging and information technologies, medical diagnosis, patent monitoring systems, drug discovery, and biopharmaceutical manufacturing tech, performance improvement and solution services, which are among the well known Wipro company products list. They offer all these services at a lower cost.

    The company is among the most respected Wipro group companies as it is present in Asia Pacific, China, Africa, Europe, India, Latin America, America and Canada. The specializes in making products for Vascular, Orthopedics, Spine, Urology, Cardiac, General Surgery, Pain Management, Outpatient Interventional.

    Wipro Consumer Care and Lighting

    Products of Wipro Consumer Care and Lightning
    Products of Wipro Consumer Care and Lighting

    Wipro Consumer Care and lightning are one of the biggest and fastest FMCG companies in countries like India, Asia and Africa. It is one of the most successful companies owned by Wipro as its annual sales revenue is now up to Rs. 77.4 Crore in the year 2019 to 2020. The company is currently present in 20 different countries like India, Asia, Africa and the Middle East. Wipro consumer care and lightning have over 16 manufacturing units in India, Malaysia, Indonesia, the Philippines, Vietnam, China and South Africa.

    The company also has Research and Innovation Centers in India, Malaysia, China, the Philippines and South Africa. They are based in 22 countries, marketed in 60 plus countries with over 10,000 plus employees. The Wipro company products list such as like personal wash products, skincare products, male grooming products, toiletries, household products, furniture, commercial lighting, etc is well known in the country.

    Wipro Consumer Care and lightning are among the top Wipro group of companies as has made several acquisitions like Unza, Yardley, LD Waxsons in order to get a global footprint. The key brands of Wipro consumer care and lighting are Santoor, Chandrika, Maxkleen, Giffy, Enchanteur, Safi, Aiken, Romano, Carrie, Garnet, Splash which come from different parts of the world.

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    Wipro Infrastructure Engineering Oy

    This company is one of the Wipro companies in India and is known for developing, marketing and manufacturing hydraulic cylinders that are used for cargo handling, mining, freight and waste processing. The company also makes various products such as filters, pumps, valves, rear hinges and different components of hydraulic cylinders.

    It is known to deliver over a million cylinders to original equipment manufacturers (OEMs) across the world. The company specializes in top Wipro products and services such as hydraulic cylinders for Construct and Earthmoving, Material and Cargo handling, Forestry, Farm and agriculture and mining. The company’s business has stepped up and launched specific solutions to fight Covid 19.

    Conclusion

    Wipro is an Indian conglomerate that has a global footprint for its services and products like IT services, BPO services, IT consulting, testing, research and development services. One of the main reasons for the company’s success is the strategic and clever subsidiaries it has acquired. Wipro group companies were and will continue to be a leader in the consumer market space and will increase the Wipro clients list. Because of the Wipro subsidiaries and Wipro acquisitions, the company has an extensive Wipro products list in India.

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    FAQs

    What are the main subsidiaries of Wipro?

    • Wipro Infrastructure Engineering Oy
    • Wipro Consumer Care and Lighting
    • Wipro GE Medical Systems
    • Yardley of London
    • Opus Capital Markets Consultants
    • Appirio
    • Topcoder

    What are the main acquisitions of Wipro?

    Some of its main acquisitions are

    • Infocrossing
    • Appirio
    • HealthPlan Services
    • Capco
    • Encore Theme Technologies

    Who is the founder of Wipro?

    The chairman of the company is Azim Premji who is the second wealthiest person in India.

    What are the main services of Wipro limited?

    The main services of Wipro are IT services, BPO services, IT consulting, testing, research and development services.

  • Hewlett Packard : Growing after the largest split in corporate history

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Hewlett-Packard Company, American manufacturer of software and computer services. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise. Headquarters were in Palo Alto, California. Operating in 170 countries with a network of more than 250,000 channel partners, HP uses the power of ideas to put technology to work for everyone, everywhere. HP’s slogan is “HP invents, engineers, and delivers solutions that amaze.”

    The firm’s motto is ‘Keep reinventing,’ which refers to both its internal operating strategy, and its ability to reinvent itself by launching new products such as the thinnest laptop in the world, or by revolutionizing manufacturing with its 3D printing technology. According to the firm’s internal figures, HP ships 1 PC & 1 Printer every second, is ranked first or second in every market and product category where it competes, while powering 430 of the global Fortune 500 companies.

    Hewlett Packard – Company Highlights

    Startup Name Hewlett-Packard Company
    Headquarters Palo Alto, California, U.S.
    Industry Computer Hardware, Computer Software, IT Services, IT Consulting
    Founder Bill Hewlett, David Packard
    Founded January 1, 1939
    CEO Enrique Lores
    Areas served Worldwide
    Website www.hp.com

    Hewlett Packard – About and How it works ?
    Hewlett Packard – Logo and its Meaning
    Hewlett Packard – Founder and History
    Hewlett Packard – Mission
    Hewlett Packard – Business Model
    Hewlett Packard – Revenue and Growth
    Hewlett Packard – Investments
    Hewlett Packard – Acquisitions
    Hewlett Packard – Competitors
    Hewlett Packard – Challenges Faced
    Hewlett Packard – Future Plans

    Hewlett Packard – About and How it works ?

    The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California, that developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise.

    The company was founded in a one-car garage in Palo Alto, California by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the “Birthplace of ‘Silicon Valley’”.

    Hewlett Packard – Logo and its Meaning

    The HP logo possesses a plain and simple look which is a definite representation of the company’s assurance of reliance and strength. In addition to being popular in the IT world, HP logo is well reputed among other fields.

    Logo of Hewlett Packard
    Logo of Hewlett Packard
    • Shape of the HP Logo: The HP logo comes in a square with curved edges. Right in the centre of the logo is a ring which contains the font. The font is shown upright in the middle, providing elegance and distinction to the HP logo.
    • Colour of the HP Logo: The HP logo contains only blue and white colours. The shades together give an appearance of simplicity and sophistication to the overall logo. The sapphire background offers a sharp contrast to the white fonts, making the logo look captivating and inspiring, as well as preserving the company’s solemn approach to the business world.
    • Font of the HP Logo: The font used in the HP logo is simple and presented in italic. It comes into view vertically, in a bold and unique manner, capturing the entire concentration and appreciation of the viewer.

    Hewlett Packard – Founder and History

    The company was founded on January 1, 1939, by William R. Hewlett and David Packard, two recent electrical-engineering graduates of Stanford University.

    It was the first of many technology companies to benefit from the ideas and support of engineering professor Frederick Terman, who pioneered the strong relationship between Stanford and what eventually emerged as Silicon Valley. The company established its reputation as a maker of sophisticated instrumentation. Its first customer was Walt Disney Productions, which purchased eight audio oscillators to use in the making of its full-length animated film Fantasia (1940). During World War II the company developed products for military applications that were important enough to merit Packard a draft exemption, while Hewlett served in the Army Signal Corps. Throughout the war the company worked with the Naval Research Laboratory to build counter-radar technology and advanced artillery shell fuses.

    After the war, Packard became responsible for the company’s business, while Hewlett led its research and development efforts. Following a postwar slump in defence contracts, in 1947 Hewlett-Packard returned to the revenue levels of the war years and grew continuously thereafter through a strategy of product diversification. One of its most popular early products was a high-speed frequency counter that it introduced in 1951. It was used in the rapidly growing market of FM radio and television broadcast stations for precisely setting signal frequencies according to Federal Communications Commission regulations. Military sales during the Korean War also boosted company revenues.

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    Hewlett Packard – Mission

    Mission Statement, “We earn customer respect and loyalty by consistently providing the highest quality and value. We achieve sufficient profit to finance growth, create value for our shareholders and achieve our corporate objectives.”

    Hewlett Packard – Business Model

    HP, Inc. is a technology company that provides hardware, software, and other solutions. The company maintains three reportable business segments:

    • Personal Systems – This segment includes consumer personal computers (PCs), commercial PCs, thin client PCs, tablets, workstations, retail point-of-sale systems, calculators and related accessories, software, and support/services.
    • Printing – This segment includes commercial and consumer printer hardware, media, supplies, software and services, and scanning devices.
    • Corporate Investments – This segment includes HP Labs (facilities that conduct R&D), various enterprise-related business incubation projects, and venture-focused minority investments.

    Hewlett Packard – Revenue and Growth

    • HP revenue for the twelve months ending July 31, 2020 was $56.788B, a 3.28% decline year-over-year.
    • HP annual revenue for 2019 was $58.756B, a 0.49% increase from 2018.
    • HP annual revenue for 2018 was $58.472B, a 12.33% increase from 2017.
    • HP annual revenue for 2017 was $52.056B, a 7.91% increase from 2016.

    Hewlett Packard – Investments

    Hewlett-Packard has made 28 investments. Their most recent investment was on Jun 29, 2016, when Keen raised $14.7M.

    Date Organization Name Funding Round Amount
    Jun 29, 2016 Keen Series B $14.7M
    Mar 1, 2006 Cassatt Series D $15M
    Sep 30, 2005 China Rapid Finance Series A $4M
    Oct 27, 2003 End2End Holdings Venture Round €10.5M
    Aug 8, 2002 End2End Holdings Venture Round €20M
    Jan 17, 2002 End2End Holdings Venture Round €24M
    Jan 2, 2002 terraspring Series D $28M
    Jan 2, 2002 New Media Venture Partners Venture Round $17M
    Sep 17, 2001 ClearCommerce Series D $9.5M
    Nov 28, 2000 mindSHIFT Technologies Venture Round $21M

    Hewlett Packard – Acquisitions

    Hewlett-Packard has acquired 104 organizations. Their most recent acquisition was Bromium on Sep 19, 2019.

    Company Date Amount About Acquired Company
    Bromium Sep 19, 2019 – Bromium develops software with micro-virtualization and hardware-based security solutions for enterprise desktops
    Apogee Corp Aug 1, 2018 £380M Apogee Corp is supplier of digital document solutions, independent managed print services and cutting edge digital equipment
    Samsung Printing Solutions Sep 12, 2016 $1.1B Samsung Printing Solutions explore and delivers digital revolution to the printing industry with solutions
    DAVID Vision Systems Jul 4, 2016 – German company DAVID Vision Systems GmbH is a manufacturer of laser 3D scanning
    Aruba Networks Mar 2, 2015 $3B Aruba Networks provides access management, network infrastructure and mobility application solutions for mobile enterprise networks
    Voltage Security Feb 9, 2015 – Voltage Security delivers data-centric security software solutions to protect data in the cloud, data centers, and mobile devices
    Eucalyptus Systems Sep 12, 2014 – Eucalyptus Systems offers open source software that enable organizations to build AWS-compatible private and hybrid clouds
    Shunra Software May 1, 2014 $25M Shunra is the industry-recognized leader in Application Performance Engineering (APE) and a pioneer in WAN Emulation
    Hiflex Software Dec 6, 2011 – HIFLEX GmbH provides software solutions for print and media industries
    Autonomy Corporation Aug 18, 2011 – Autonomy Corporation develops software that process human information and unstructured data

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    Hewlett Packard – Competitors

    The split that led to the formation of Hewlett Packard Enterprise and HP Inc would be predicted as the downfall of this company in capturing majority share in the market. However, it seems like it still holds a significant stake in the industry.

    Many brands also offer competition in the market by taking advantage of any lapses that Hewlett Packard might undergo and some includes Lenovo, Apple, Dell, Samsung, ASUS, Acer, IBM, Sony, and Toshiba.

    Hewlett Packard – Challenges Faced

    Hewlett Packard Enterprise Co. after splitting off its HP Inc. PC and printer division as a separate company in 2015, reported stronger-than-projected third-quarter sales on demand for servers and storage gear. Revenue was up 2.5 percent to $8.2 billion, the first time in five quarters the Palo Alto-based company beat analysts’ sales estimates.
    The two big challenges for going forward :

    Growth via acquisitions HPE spun out into a standalone company in 2015 and almost immediately went on an acquisition spree, buying six companies in 18 months. The company acquired Cloud Technology Partners earlier this week, marking its fifth acquisition of the year.

    Running a slimmed-down operation After the largest split in corporate history and tens of thousands of lay-offs, HPE is finally running a nimble operation. While investors are happy with the company delivering billions to shareholders and erasing debt, many are concerned it will come at the cost of innovation.

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    Hewlett Packard – Future Plans

    HP Announces Strategic and Financial Value Creation Plan that is expected to deliver $3.25 to $3.65 non-GAAP diluted net EPS by 2022. This significant expected earnings growth is supported by HP’s market leadership and track record of execution across Personal Systems, Print, and 3D Printing & Digital Manufacturing, disciplined and sustained cost actions, as well as a new capital return program of approximately $16 billion during fiscal 2020 to fiscal 2022. And it includes :

    • Expects to deliver non-GAAP diluted net Earnings Per Share of $3.25 to $3.65 in fiscal 2022
    • Announces $15 billion total share repurchase authorization program
    • Targets $16 billion capital return planned over three years, representing approximately 50% of HP’s current market capitalization
    • Plans at least $8 billion share repurchase within 12 months following its annual meeting
    • Xerox proposal: flawed value exchange, irresponsible capital structure, overstated synergies