Alight Solutions, a leader in technology-enabled health, wealth and human capital management (HCM) and financial solutions, today announced it has completed substantially1 all of its acquisition of the Workday and Cornerstone OnDemand cloud practices of Wipro Limited.
The acquired business has a presence across 11 countries including Australia, India, the United States, and several others across Europe, and deploys Workday and Cornerstone OnDemand solutions for clients of all sizes and across industries. The transaction builds upon Alight’s existing HCM deployment and application management services capabilities through the addition of new geographies and critical talent.
“We see incredible opportunity in the cloud space as companies across the globe increasingly adopt cloud technologies to support their HR and finance functions,” said Chris Michalak, CEO, Alight Solutions. “This acquisition, along with the recent addition of Carlson Management Consulting, adds considerable scale to our HCM and financials business, and positions Alight to take advantage of the growing market for these services.”
Providing perspective on the deal within the Cornerstone ecosystem, Dave Mortell, vice president of Alliances with Cornerstone offered, “This addition of talent and capabilities for Alight enables a strong deployment partner for Cornerstone, and we are eager to see how this combination of exceptional services, talent, and sales expertise will benefit our thousands of clients around the world.”
“I am extremely excited to build on our significant cloud expertise in existing geographies and grow in new markets with the addition of former Wipro colleagues,” said Colin Brennan, executive vice president, HCM & Financial Solutions at Alight. “Together, our team has exceptional experience across Workday and Cornerstone OnDemand and provides a depth of advisory capabilities that we know our clients need.”
More than 300 colleagues will join Alight’s existing team of over 1,000 certified Workday and Cornerstone OnDemand experts through the transaction. Together, the teams will ensure a smooth transition for clients and continue to strengthen Alight’s leadership position in cloud-based HCM and financials deployment and services.
1 The transaction is expected to close in select EMEA countries on April 30, 2019.