Comments
Finnish media group Sanoma will transfer its IT infrastructure and support functions to Wipro as part of an outsourcing deal.
With this transaction, 38 people in Finland and the Netherlands would become employees of Wipro, according to a media communication on the Sanoma website.
Sanoma’s in-house technology team would focus more on supporting the services that are critical to the business units in the future, the statement said. Financial details of the contract were not disclosed.
“The ability to react and develop new offerings is crucial in the changing media environment. The co-operation with Wipro proved to be the best solution, both in terms of the price and the quality of the services,” said Mikael Nurmi, Chief Technology Officer of Sanoma Technology.
The centralisation of services to Wipro is part of Sanoma’s €100-million cost-cutting programme.
In Finland, the Helsinki-based Sanoma is merging media operations into one company. Earlier this month, it announced a deal to sell 19 magazine titles in the Netherlands.
The €2.1-billion Sanoma is amongst the largest media and learning companies in Europe. Its key markets are Finland, the Netherlands, Belgium and Central and Eastern Europe.
Incidentally, Europe accounted for 30 per cent of Wipro’s revenue for the quarter ended March 31, 2014.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.