Wipro to acquire Edgile for $230Mn

Wipro will acquire Austin, Texas-headquartered Edgile for USD 230 million, which will strengthen its cybersecurity services space. The company's 'strategy-first' approach and 'Quick Start' solutions will allow both the companies to deliver enhanced value in strategic cybersecurity services.

Edgile's experienced cybersecurity and risk management professionals will allow Wipro to further enhance its cybersecurity and risk consulting capabilities for the benefit of its customers.

Wipro and Edgile will develop Wipro CyberTransform, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. Wipro CyberTransform will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains, all in a highly secure manner.

The transaction is expected to be completed in the next year, subject to regulatory approvals and customary closing conditions.