New Delhi, April 15 -- Wipro Ltd will acquire certain contracts from an IT company in California for $71 million, bringing its total acquisition spending in the first month of the fiscal year to almost half a billion dollars as it chases growth in an uncertain macroeconomic environment.

The country's fourth-largest tech services firm said on Wednesday it would acquire select contracts from Alpha Net Group, which specializes in enterprise software development, data engineering and managed services. These contracts fetched Santa Clara-based Alpha Net $37.3 million in revenue last calendar year.

"The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, which wi...