For $230 million, Wipro is acquiring Edgile, a cybersecurity consultancy provider specialising in risk and compliance, information and cloud security, and digital identity.
Wipro said it will develop Wipro CyberTransform with Edgile, an integrated suite that will enable enterprises enhance boardroom governance of cybersecurity risk, invest in strong cyber strategies, and reap the benefits of practical security in action. Edgile works with 30 percent of the Fortune 100 companies and 20 percent of Fortune 500 companies.
Edgile is a privately held company that employs 182 people and was founded in 2001. In the calendar year 2020, it made $44 million in revenue, up from $43.2 million in 2019. Wipro acquired cybersecurity firm Ampion in Australia and the cybersecurity practice at Capco, a BFSI consultancy in Europe and the United States, earlier this year. Through the Wipro Ventures arm, Wipro continues to invest in cybersecurity startups.