Wipro signs agreement to acquire 100% stake in Edgile for US$230 mnWIPRO - 422 Change: 5.95 (1.43 %)
News: Wipro has informed the stock exchanges that it will acquire 100% stake in Austin, Texas based Edgile for US$230 mn ( 4x price to CY21 estimated sales). The company operates in information security consulting space providing professional services in cloud security and risk management.
Views: Edgile is the trusted leader in cybersecurity transformation and risk services ,partnering with the world’s leading organizations, including 31% of the Fortune 100 and 20% of the Fortune 500. The acquisition is expected to strengthen Wipro’s capabilities in cloud security and risk management space.