As part of the deal, Wipro will provide an eight-year service contract to Olam with a "committed annual spend" of US$100 million.
According to Olam, this amount is equivalent to subject to between 55and 60% of what it spends on IT every year.
Mindsprint, incorporated in Singapore in 2021, employs around 3,200 people and serves other clients too besides Olam.
Olam shares closed at 86 cents on April 2, down 9.47% year to date.
