Wipro, India’s fourth-largest IT services company, on Tuesday announced its plan to invest $1 billion over the next three years in building capabilities around cloud technologies, including for acquisitions and partnerships in the space.

The company also announced the launch of ‘Wipro FullStride Cloud Services’, a portfolio of services that will help it offer comprehensive cloud transformation capabilities to its customers,

said.

“Today, cloud adoption is at the core of any IT transformation initiative, and our clients have been turning to Wipro for help with this,” said Thierry Delaporte, managing director and CEO at Wipro.

“With our $1 billion investment in cloud capabilities, and the launch of Wipro FullStride Cloud Services, we are in a far stronger position to simplify, orchestrate and accelerate the cloud journey for our clients,” Delaporte added.

The company said the commitment is in line with the consistent growth it has seen in its cloud business, which today employs around 79,000 people of which more than 10,000 are certified by leading cloud service providers.

It added that some of its large deal wins over the last 12 months have been in the cloud space, including its multi-year technology transformation deal with German retailer Metro AG which has a revenue potential of $1 billion, Wipro’s largest ever.

“Cloud adoption and innovation are an essential part of our IT strategy. For a company like METRO that operates in 25 countries, quickly migrating to the cloud enables decentralization, agility, speed and flexibility in engineering and development,” said Timo Salzsieder, CIO, METRO AG.

Wipro added that its FullStride Cloud Services is a collaboration between the company’s Chief Growth Office and existing global business lines, and that it will announce a new leader for the business soon.

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