Wipro to Acquire Minority Stake in Denim Group, a Leading Application Security Solution Provider
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and Denim Group, a leading independent application security firm, today announced that Wipro has signed a definitive agreement to acquire a minority stake in the U.S. based company.
This partnership will bring together Wipro’s strong digital transformation and cybersecurity capabilities with Denim Group’s application security consulting, assessments and implementation services including DevSecOps and secure development training services. This, coupled with Denim Group’s flagship product ThreadFix, the premier application vulnerability correlation and resolution platform, will offer customers significant value in mitigating cybersecurity risks. ThreadFix is designed to give security practitioners the ability to understand the security posture of their applications and conduct efficient and effective remediation.
“Wipro’s investment in Denim Group reflects our continued commitment to assist our customers in simplifying digital risk management by enabling them to roll out secure software faster. It strengthens Wipro’s portfolio of digital transformation services as well as taps into services for embedding security in software development methodologies such as Agile & DevOps,” said Sheetal Mehta, Vice President & Global Head, Cybersecurity & Risk Services, Wipro Limited.
“We are excited to use this investment to further mature the ThreadFix platform and drive growth,” said John Dickson, Principal, Denim Group. “Collaborating with Wipro will greatly increase our reach, and help fulfill our mission of building a world where technology is trusted.”
About Denim Group
Denim Group is a leading independent application security firm, serving as a trusted advisor to customers on matters of application risk and security. The company helps organizations assess and mitigate application security risk. Denim Group’s flagship ThreadFix platform accelerates the process of application vulnerability remediation, reflecting the company’s rich understanding of what it takes to fix application vulnerabilities faster.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
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