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Wipro signs agreement to acquire 100% stake in Edgile for US$230 mn

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.

Impact: Positive