Wipro to invest $5 million in Drivestream

Wipro is investing $5 million in Drivestream, an Oracle cloud applications systems integrator.

The Bangalore-based Wipro’s investment in Drivestream will fuel its efforts for creativity in the cloud service space. This strategic partnership with Wipro positions Drivestream for scalability both in the US and around the globe.

Wipro hoarding

The investment is part of Wipro’s strategic drive to actively participate in the external innovation eco-system. Azim Premji-promoted Wipro has set up Wipro Ventures, a $100 million fund focused on investing in disruptive start-ups.

Wipro said this investment will further extend Wipro’s leadership in the Oracle application services space particularly in cloud applications.

“This investment into Drivestream reflects Wipro’s commitment to help our customers adopt Oracle cloud applications,” said Bhanumurthy BM, chief executive, Application Services and Strategic Alliances, Wipro.

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