{"id":4459,"date":"2021-12-24T11:22:23","date_gmt":"2021-12-24T11:22:23","guid":{"rendered":"https:\/\/www.hostingseekers.com\/blog\/?p=4459"},"modified":"2022-05-19T08:32:25","modified_gmt":"2022-05-19T08:32:25","slug":"wipro-acquires-edgile","status":"publish","type":"post","link":"https:\/\/www.hostingseekers.com\/blog\/wipro-acquires-edgile\/","title":{"rendered":"Wipro Acquires Edgile For $230 M To Add Cybersecurity Muscle To its Portfolio"},"content":{"rendered":"

Summary:<\/strong> Wipro Acquires Edgile for $230M to strengthen its cybersecurity capabilities. Post the news, its counter hiked to 2%.<\/span><\/p><\/blockquote>\n

Wipro<\/a> aims to develop an integrated suite in collaboration with Edgile that will enable enterprises to quick & seamless digital transformation.\u00a0<\/span>Prominent IT Consulting firm, Wipro announced the acquisition of Edgile – a Texas-based cybersecurity consulting firm for a purchase consideration of USD 230 Million. The IT Consulting firm, through this acquisition, aims to strengthen its hold in the cybersecurity space.\u00a0<\/span><\/p>\n

A statement released on Monday by Wipro read,<\/span> \u201cEdgile is recognized by security and risk leaders for its unique business-aligned cybersecurity capability, deep understanding of the changing regulatory environment, and enabling cloud transformations that help secure the modern enterprise”.\u00a0<\/span><\/i><\/p>\n

The statement also said that Wipro has over 220,000 employees at present and Edgile clients comprise 31% of the Fortune 100 and about 20% of the Fortune 500.<\/span><\/em><\/p>\n

Post the announcement, shares of Wipro hiked by 2 percent in early trade on Tuesday. The counter that was previously close to Rs 665.96 rose to a high of Rs 681.35 on the National Stock Exchange. <\/span>The deal is expected to close by March 31, 2022, after receiving approval from the\u00a0 <\/span>Committee on Foreign Investment and Hart-Scott-Rodino Antitrust in the US.<\/span><\/p>\n

\n

Recommendation Read: Top CentOS Alternatives<\/a> in 2022<\/strong><\/span><\/p>\n

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The Duo To Develop An Integrated Suite –\u00a0 Wipro Cyber Transform<\/span><\/h2>\n

Wipro and Edgile<\/a> together will develop Wipro CyberTransform – an integrated suite to enable organizations to enhance cyber security risks, invest in powerful cyber strategies, and gain the benefits of practical security in action.\u00a0<\/span><\/p>\n

Besides, the Wipro Cyber Transform will also allow enterprises to speed up their digital transformation and operate securely in virtual, digital supply chains.\u00a0<\/span><\/p>\n

Senior VP & Global Head of cybersecurity and risk services at Wipro Limited, Tony Buffomante, said, \u201c<\/span>Adding the strategic consulting capabilities of Edgile and rolling out Wipro Cyber Transform are significant milestones on our journey to becoming the trusted partner to security leaders and boardroom stakeholders<\/span><\/i>\u201d.<\/span><\/p>\n

Earlier this year, the IT Consulting giant reinforced its cybersecurity business by acquiring Ampion, an Australian-based cybersecurity services provider, along with the cybersecurity practice at Capco.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Summary: Wipro Acquires Edgile for $230M to strengthen its cybersecurity capabilities. Post the news, its counter hiked to 2%. Wipro… Continue reading Wipro Acquires Edgile For $230 M To Add Cybersecurity Muscle To its Portfolio<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,1],"tags":[],"class_list":["post-4459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-it","entry"],"acf":[],"yoast_head":"\nWipro Acquires Edgile For $230M, Climbs 2 % in Early Trade<\/title>\n<meta name=\"description\" content=\"In a recent announcement, Wipro announced to acquire Edgile for $230M to strengthen its cybersecurity capabilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hostingseekers.com\/blog\/wipro-acquires-edgile\/\" \/>\n<meta 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