Wipro taps into growing trend by selling data centres

The Indian software services firm’s sale comes at a time when demand for data storage is booming and competition from cloud providers is mounting.

Wipro’s $405 million sale of its ailing hosted data centres business to Chicago-headquartered IT services firm Ensono is a neat way of unlocking value at a time when the demand for data storage is booming.

The Indian group said in a statement on Wednesday that it is selling eight data centres and its hosted data centre services business, with over 900 employees, to Ensono, a portfolio company run by private equity firms Charlesbank Capital Partners and MC Partners.

It's part of a creeping trend as some telecoms and technology firms look to offload their data centres in order to slim...

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