Rumours have emerged that Wipro is considering the acquisition of UK-based back office service provider Equiniti in a deal valued at well over £1 billion.

Equiniti is owned by private equity firm Advent International and currently employs roughly 3,000 people. The story was broken by Sky News on Monday 9th June 2015, in a report claiming that Wipro will have to compete with “a clutch of prospective bidders.”

The two companies have revealed nothing - when asked for a statement, a spokesperson from Wipro responded: “We don’t comment on market speculation.”

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