WIT Wipro Ltd

By R. Jai Krishna

NEW DELHI--Wipro Ltd.(507685.BY) said Monday it would buy a U.S.-based mortgage and risk management services company for $75 million, a move that is likely to help the Bangalore-based technology company to strengthen its clientele among housing companies and banks.

The company said it has agreed to buy Opus Capital Markets Consultants LLC, and would have the option of paying for part of the deal from earnings of the acquired company.

Opus CMC provides risk management solutions to the mortgage industry in the U.S. It has over 490 employees including over 315 loan underwriters, spread across five centers in the U.S, Wipro said in a statement.

The acquisition will be completed by January-March next year, subject to procedural clearances and regulatory approvals, it said.

Write to R. Jai Krishna at krishna.jai@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires