Wipro to acquire Edgile for $230 Million

Wipro has acquired the cybersecurity and risk management company, Edgile for $230 million. The transaction is expected to complete before March 31, 2022, after it gets approval from the Committee on Foreign Investment and Hart-Scott-Rodino Antitrust in the USA. The company has claimed that the company will enhance its cybersecurity and risk consulting capabilities for the benefit of its customers. 

The company is planning to adopt the strategy-first approach with quick start solutions that will allow the combined entity to deliver enhanced value in strategic cybersecurity services. 

Edgile is an information security consulting firm, founded in 2001, and provides professional services in cybersecurity and risk management consulting services to corporations. With this acquisition, Wipro and Edgile both are planning to develop a Wipro CyberTransform. It is an integrated suite that will help to enhance the boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action.