Wipro Sells Ensono Cloud MSP Stake to KKR

Wipro has sold its minority stake in Ensono — a Top 250 Public Cloud MSP — to KKR, according to a Wipro filing with BSE Limited, a stock exchange in India.

The Wipro sale was part of a larger deal that involved KKR buying Ensono from majority owners Charlesbank Capital and M/C Partners in April 2021.

Ensono’s core focus includes IT consulting for mainframe and midrange systems; mainframe modernization projects; managed infrastructure; cloud; and application services, among other areas of expertise.

Wipro had held a minority stake in Ensono since March 2018. That deal involved Wipro acquiring a 10.2 percent stake in Ensono for $55 million. Fast forward to April 2021, and Wipro sold the Ensono stake to KKR for $76.24 million, the BSE filing states.

Related: See more than 700 MSP mergers & acquisitions listed here.

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Ensono Acquisitions: MSP, Cloud, IT Consulting and Data Center Deals

Ensono has grown organically and through additional acquisitions. Key deals included acquiring:

Rumors about Ensono itself potentially being up for sale for $2 billion surfaced in February 2020, but no deal emerged at that time. The company also laid off roughly 137 employees around that time.

 

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