• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Wipro to acquire cybersecurity consulting firm Edglie for $230 million

by Balraj
December 23, 2021
in Business, India News, Tech
Reading Time: 2 mins read
0
Wipro logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo

Courtesy: Jakub Porzycki

TwitterWhatsappLinkedin

Wipro Ltd., an Indian IT and consulting conglomerate announced that it has inked an agreement to acquire Edgile, a transformational cybersecurity consulting firm based in Austin, Texas. Wipro will pay $230 million in cash to acquire the company in order to strengthen its foothold in the constantly advancing cybersecurity services industry.

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

BYJU’S CEO Byju Raveendran Announces New Vision: Focus on Classrooms, Not Courtrooms

Wipro logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo
Courtesy: Jakub Porzycki

Edgile’s experienced cybersecurity and risk management professionals would empower Wipro to significantly expand its cybersecurity and risk consulting expertise for the benefit of its customers, the Indian IT major said in a regulatory filing. Moreover, the company’s ‘strategy-first’ approach and ‘Quick Start’ technologies will enable the unified entity to provide greater value in strategic cybersecurity services, it added.

The filing also states that Wipro and Edgile will team up to build Wipro CyberTransform, an integrated suite that will facilitate enterprises to strengthen boardroom governance of cybersecurity risk, reap the benefits of practical security in action and invest in robust cyber strategies. Wipro CyberTransform, in collaboration with a comprehensive portfolio of alliance partners from Wipro and Edgile, will encourage organizations to boost their digital transformation and engage in virtual, digital supply chains in a highly secure fashion, it added.

Edgile, founded in 2001, is an information security consulting corporation that provides professional services, mostly to businesses in the fields of cybersecurity and risk management. It is a privately owned company with 182 employees onsite.

The company revenue for the fiscal year ending December 31, 2020, was $44.1 million. Revenues in the previous two years were $43.2 million and $33.7 million, respectively. As a result of this acquisition, Abry Partners, a minority private equity investor in Edgile, will completely exit its investment.

Commenting on the acquisition, Tony Buffomante, SVP and Global Head of Cybersecurity and Risk Services at Wipro Ltd. in a statement said, “Adding Edgile’s strategic consulting capabilities and launching Wipro CyberTransform are significant milestones on our journey to becoming the trusted partner to security leaders and boardroom stakeholders.”

The acquisition of Edgile, which provides consulting services for cybersecurity risk & compliance, information & cloud security, including digital identity, will be the eighth acquisition for the Bengaluru-based IT services behemoth since Thierry Delaporte took over as CEO in October 2020.

Delaporte has overseen Wipro’s acquisitions of companies including Ampion, 4c, Eximus Designs, and Brazil-based IVIA, to name a few, and in March 2021, the company also completed the company’s largest-ever acquisition of Capco, a London based technology consultancy to the banking and financial services industry for $1.45 billion.

In addition, as part of its $700 million digital and IT partnership with Metro AG, the IT services conglomerate has acquired American system integrator LeanSwift, Encore Theme Technologies, and METRO-NOM & METRO Systems Romania.

Tags: acquisitionCapcoCybersecurityEdgileTony BuffomanteWipro
Tweet54SendShare15
Previous Post

How to watch 1883 for free

Next Post

Gigabyte Aorus 17, Aero 16 and 17 laptop with Nvidia RTX 3080 Ti GPU leaked prior CES 2022

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

by Rounak Majumdar
May 18, 2025
0
VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

The parent firm of well-known content sites Dailyhunt and Josh, VerSe Innovation, has announced a major layoff, laying off about 350 employees this month. Since the company's last...

Read more

BYJU’S CEO Byju Raveendran Announces New Vision: Focus on Classrooms, Not Courtrooms

by Rounak Majumdar
May 18, 2025
0
BYJU’S CEO Byju Raveendran Announces New Vision: Focus on Classrooms, Not Courtrooms

With the announcement of BYJU'S 3.0, a revolutionary vision aimed at reestablishing the company's primary mission—empowering students in classrooms rather than getting involved in legal disputes—BYJU'S founder and...

Read more
Next Post
Gigabyte Aorus 17, Aero 16 and 17 laptop with Nvidia RTX 3080 Ti GPU leaked prior CES 2022

Gigabyte Aorus 17, Aero 16 and 17 laptop with Nvidia RTX 3080 Ti GPU leaked prior CES 2022

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?