Wipro, the Bengaluru-based IT corporation, is amplifying its reputation as an IT services juggernaut. The company’s revenue from operations grew 3.4% over the past year and continued growth of 8 to 10% is projected for the next quarter. As the future of the IT service industry looks to be dependent on top-notch cybersecurity, Wipro has made a strategic investment that will contribute significantly to its market appeal and portfolio.
Australian IT security provider Ampion has been acquired by Wipro for a reported $117 million, in a deal expected to close by June. The Chief Executive Officer of Ampion, Jamie Duffield, said “Our clients, employees, and the entire market ecosystem will tremendously benefit from the synergies of Ampion and Wipro’s combined portfolio of transformation offerings. We believe that Ampion’s experience, talent, capabilities and proven client credentials in ANZ, coupled with Wipro’s global scale, leadership in technology, and a deep understanding of domain and delivery, will make us a truly formidable team.”
Among the many security services that Ampion brings to the deal are SASE, zero trust, identity and privileged access management, security orchestration and automation, and SecOps consulting.
Wipro’s focus on emerging technologies is not exactly taking a backseat, but the company has read the writing on the wall in terms of cloud protection and managed security services being hot button issues. Accordingly, there have been similar investments in the past few years. Wipro has supplied funding to CloudKnox Security for privilege policy execution improvements on platforms such as Amazon Web Services, Microsoft Azure, and Google Cloud.
Another investment was shelled out to application security service company Denim Group, and Wipro formed a partnership with ThreatModeler, an enterprise modeling platform meant to incorporate security into system development life cycles. With this impressive bevvy of security-minded alliances, Wipro hopes to take IT safety to its pinnacle.