Wipro acquires design consulting team at Syfte

Wipro has acquired the strategic design consulting team at Syfte, an Australian design agency which uses human-centred design thinking to solve client challenges.
Wipro at MWC 2018Syfte’s team of designers will be absorbed within Designit, Wipro’s strategic design arm, strengthening its design and innovation capabilities, expanding its reach in Australia and Asia Pacific.

“With this expansion, we bring a substantial and differentiated design and local engineering capability to the market,” said Rajan Kohli, president of Wipro Digital.

Wipro Digital and Designit serve clients from 18 digital pods around the world.

Syfte is founded by Katja Forbes, design educator at University of Sydney and a director on the Interaction Design Association (IxDA) Global Board. Syfte works across clients in the aviation, banking, retail, government and not-for-profit sectors.

Katja Forbes, CEO of Syfte, will be retained as the managing director of Designit, Australia and New Zealand and be based out of its Sydney office. Humberto Matas is global managing director of Designit.

Wipro announced that its revenues grew 8.3 percent year on year and 6.2 percent quarter on quarter to Rs 14,541 crore during the second quarter this fiscal. Wipro divested its hosted data centre business during the quarter.

Wipro’s digital revenues increased 13.4 percent and now contribute to 31.4 percent of its total business. The company added one new client in the $100-million category and 7 new clients in the $10-million segment.

Wipro’s 14 percent drop in net profit to Rs 1,885.7 crore on a year-on-year basis was due to a revenue loss reported from one its clients. The impact due the client loss was Rs 514 crore.