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Wipro Invests In Emailage Corp, Buys Less Than 5% Of Emailage’s Equity

by Chinmay Bidkar
March 14, 2016
in News
Reading Time: 1 min read
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Wipro Invests In Emailage Corp, Buys Less Than 5% Of Emailage’s Equity
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14th March 2016, Bangalore : Wipro, Country’s third largest software firm stated today that it has bought a minority stake in US-based Emailage Corporation through Wipro Ventures. The financials of the transaction remain undisclosed.

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Wipro_6

 

Wipro Ventures said in a filing to the BSE, “The Company has made a strategic investment in and signed a partnership with Emailage Corporation, a fast growing risk assessment and fraud prevention company and have made a minority investment as part of our Wipro Ventures initiative. Our investment is small, currently less than 5% of Emailage’s equity”

This is seventh such investment in rookie ventures in the past couple of years.

Wipro Ventures is the strategic investment arm of Wipro, which invests in early- to mid-stage start-ups and has so far invested in startups such as Silicon Valley-based artificial intelligence startup Vicarious, data analytics startup Opera Solutions, cloud computing venture Drivestream and Pune-based internet-of-things startup Altizon.

Emailage has offices in Brazil and the UK and is orginally based Arizona.

Tags: EmailageWiproWipro Ventures
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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