Indian IT major Wipro is acquiring minority stake in American application security development firm Denim Group. Both the firms have a signed a definitive agreement on this recently. This investment will help Wipro’s product portfolio on digital risk management by enabling it to roll out secure software faster for its clients.
Denim Group will bring application security consulting, assessments and implementation services including DevSecOps and secure development training services to Wipro existing offering. This, coupled with Denim Group’s product ThreadFix, an application vulnerability correlation and resolution platform, will offer Wipro’s customers significant value in mitigating cybersecurity risks, said Wipro.
“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.
On the other hand for Denim Group the new investment means new leg up to drive its reach and market. “We are excited to use this investment to further mature the ThreadFix platform and drive growth,” said John Dickson, Principal, Denim Group, adding that “collaborating with Wipro will greatly increase our reach, and help fulfill our mission of building a world where technology is trusted.”
Denim Group is an independent application security firm, serving as a advisor to customers on matters of application risk and security. The company helps organisations assess and mitigate application security risk. Denim Group’s flagship ThreadFix platform accelerates the process of application vulnerability remediation.
Earlier in January 2018, Wipro had invested $9.9 million in Harte Hanks to expand its existing partnership to offer end-to-end marketing technology services to customers. Harte Hanks is a U.S.-based global marketing services company specializing in omni-channel marketing solutions including consulting, strategic assessment, data, analytics, digital, social, mobile, print, direct mail and contact center.