Indian IT services provider Wipro has reached a deal to buy US-based cybersecurity consulting firm Edgile provider for US$230 million.
Austin, Texas-based Edgile, which made $44 million in revenue for the calendar year 2020, claims that more than 30% of the Fortune 100 companies are its clients.
On its website, the company claims its technology consultants are able to “transform the perception of security into a strategic imperative for the enterprise.”
Although it is more than 20 years old, Edgile employs just 180 people. Wipro will use Edgile’s expertise to build a cybersecurity platform called CyberTransform.
The platform, Wipro says, will enable organizations to “accelerate their digital transformation and operate in virtual, digital supply chains — all in a highly secure manner.”
This is Wipro’s third acquisition in the cybersecurity space so far this year. Earlier in March, Wipro bought Capco, a technology consultancy specialized in IT security. A month later, it sealed a deal to acquire Australia-based cybersecurity provider Ampion.
“Adding Edgile’s strategic consulting capabilities and launching Wipro CyberTransform are significant milestones on our journey to becoming the trusted partner to security leaders,” says Tony Buffomante, who heads Wipro’s Cybersecurity division.