Sudip Nandy, who headed Wipro's string of pearls acquisition strategy, is joining Aricent Technologies as Chief Executive Oficer. VC Circle confirmed this information from its investment banking sources. Nandy quit earlier this month and today is his last day at Wipro.
Nandy will be the third top executive to leave Wipro in past few months and become CEO of a smaller IT company. Sudip Banerjee recently moved to L&T Infotech as CEO. Also P.R. Chandrasekar, the head of Wipro's American operations, left to join Hexaware Technologies Ltd as CEO.
India & US-based communications software company Aricent has recently raised $60 million in new round of funding from Kohlberg, Kravis and Roberts (KKR) and The Family Office. Aricent, which was known as Flextronics, was acquired by KKR for $900 million in the largest leveraged buyout in India in 2006. Nandy's unit at Wipro, telecom and product engineering, contributes more than $1 billion of revenues to Wipro with more than 150 clients.