BPO firm WNS buys automation co Vuram for $165-M

NYSE listed WNS (Holdings) Ltd, an India and US-based provider of Business Process Management (BPM) services, has acquired Vuram, a Chennai-headquartered enterprise automation services provider for USD 165 million including an up-front payment and earn-outs. Founded in 2011, Vuram has around 900 people with digital skillsets in India, the US, Mexico, Australia, Canada, and the UK. Vuram helps companies accelerate digital transformation by aligning, automating, and optimising processes using a combination of low-code software applications and intelligent automation platforms. The acquisition is expected to add about 2% to WNS' net revenue in fiscal 2023. Avendus Capital was the exclusive financial advisor to Vuram and its shareholders on this transaction.