Overview
- Olam agreed Monday to sell its IT and digital arm Mindsprint to Wipro for $375 million alongside a long-term services tie-up.
- The eight-year services pact commits about $100 million a year from Olam, which Wipro said should top $1 billion in total value.
- The deal awaits regulatory approvals and is slated to close by June 30, 2026, when Mindsprint would become a Wipro subsidiary under its current leadership.
- Founded in 2007 in Singapore, Mindsprint employs more than 3,200 people across several regions and reported $135.6 million in 2025 revenue.
- Wipro plans to use AI tools to upgrade Olam’s tech across its farm-to-fork supply chain as Olam pursues asset sales and special dividends.