Wipro Ltd. agreed to buy U.S-based Edgile for around Rs 1,745 crore as the company continues to strengthen its cybersecurity services vertical.
Wipro will fully acquire the 20-year-old Austin, Texas-headquartered company, according to its exchange filing. Abry Partners, a minority private equity investor in Edgile, will fully exit.
The transaction, subject to regulatory approvals, is expected to be completed before March 31.
The company will develop Wipro CyberTransform, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, in collaboration with Edgile, Wipro said. It will also help organisations accelerate their digital transformation, it said.
Earlier this year, Wipro had acquired Ampion, an Australian cybersecurity services provider; and the cybersecurity practice at Capco, a consultancy in the banking, financial services and insurance sector in Europe and the U.S.
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