Indian IT giant Wipro has announced plans to acquire U.S. mortgage consultancy Opus Capital Market Consultants for $75 million.

Opus based in Illinois, has over 490 staff based in five centres across the U.S., and specialises in forensic analysis, advisory services and mortgage services.

The move to acquire the consultancy comes as Wipro as India’s 3rd largest IT outsourcing provider looks to expand their presence in North America’s financial services sector.

Wipro expects to finalise a deal by the end of 2014’s financial year reports the Economic Times.

In a statement, Manoj Punja, Wipro’s senior vice president and BPO head, said: "Our vision is to leverage Wipro's offerings with Opus CMC's capabilities and knowledge base to create an end-to-end offering for all mortgage players, with a greater degree of automation and application of analytics."

The move comes as India outsourcing providers look to expand into new territories in Europe and the U.S.

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