Friday, July 22 2005 15:20 Hrs (IST) - World Time -

Bangalore: Wipro, the country's third largest software exporter, is seriously pursuing an acquisition, and has also plans to set up a BPO and software services centre in Eastern Europe, its Chairman Azim Premji said today (July 22, 2005).

At a news conference to announce the company's quarterly results, Premji said in response to a question that Wipro is seriously pursuing and working hard at the proposed acquisition but added that it would not be a large one. It would be a small acquisition but an intelligent one, he said but declined to elaborate.

On global expansion plans, he said Wipro does not have any immediate plans to open a centre in the Philippines.

But the Bangalore-headquartered company does have early plans to set up a composite BPO and software service centre in Eastern Europe to service clients in Europe, particularly in Germany and France, Premji said.

He pointed out New York Stock Exchange listed Wipro already has two centres in China; one in Shanghai and another in Beijing. But these two centres would not be used for servicing of global customers as their requirement are in Japanese and English and not Chinese.