International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company, has announced that its acquisition by Wipro Limited, an information technology, consulting and business process services company, was completed in October.
ITI offers computer aided design (CAD) and product lifecycle management (PLM) interoperability software services. Through its key solutions for model based enterprise (MBE), data interoperability and data migration, ITI provides the building blocks for Industry 4.0, to help build next generation digital enterprises.
Founded in 1983 and headquartered in Milford, OH, ITI has offices in the United Kingdom, Italy, Israel and Germany. ITI directly provides software products and services to leading manufacturers across aerospace, automotive, healthcare and other segments. ITI has long-standing partnerships with leading CAD, computer aided manufacturing (CAM), computer aided engineering (CAE) and PLM vendors, providing a variety of vendor/OEM integration and interoperability solutions.
The ITI business will be incorporated into Wipro's Industrial & Engineering Services business and will function as a wholly owned U.S. subsidiary of the company. Wipro's Industrial & Engineering Services provides customers with a platform to innovate and engineer the next generation of products and platforms at scale, using an approach termed "EngineeringNXT."
"As enterprises innovate and invest in EngineeringNXT, they are looking for ways to build a digital thread across design, engineering and manufacturing. This acquisition complements Wipro's core strengths in Industry 4.0 and allows us to offer end-to-end solutions in digital engineering and manufacturing. We are pleased to welcome ITI's employees and are confident that their unique offerings and solutions will add value to our organization," said Harmeet Chauhan, Senior Vice President, Industrial & Engineering Services, Wipro Limited.
"With access to Wipro's solutions and services, ITI will offer a broader set of solutions to assist customers in implementing Industry 4.0, PLM, MBE and digital manufacturing initiatives at an accelerated pace," stated Tom Gregory, CEO of ITI. "We are excited about the CAD and PLM migration synergies created through the merger. As a Wipro company, ITI solutions will be exposed to a much larger audience across the globe. We can take on larger projects with the added strength of the Wipro team. And, we look forward to applying our technology to Wipro's business, enhancing their existing offerings."
For more information contact:
Wipro Limited
www.wipro.com
ITI (International TechneGroup)
5303 DuPont Circle
Milford, OH 45150
888-783-9199
info@iti-global.com
www.iti-global.com