Wipro To Acquire Opus CMC In $75 Mln Deal - Quick Facts

(RTTNews) - Wipro Ltd. (WIT) announced Monday that it agreed to acquire Opus CMC or Opus Capital Markets Consultants LLC, US-based provider of mortgage due diligence and risk management services for a purchase consideration of $75 million that includes a deferred earn-out component.

Founded in 2005 and headquartered in Lincolnshire, Illinois, Opus CMC provides comprehensive risk management solutions to the mortgage industry in the United States. It has over 490 employees, including over 315 loan underwriters, spread across 5 centers in the US.

The acquisition is subject to customary closing conditions and regulatory approvals and will be completed in the fourth-quarter of fiscal 2014.