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Wipro has acquired a minority stake in Denim Group, an application security provider for an undisclosed sum.
India’s third largest software exporter did not disclose the stake it has acquired but said the partnership will bring together Wipro’s digital transformation and cybersecurity capabilities with Denim Group’s application security consulting, assessments and implementation services.
“It strengthens Wipro’s portfolio of digital transformation services and 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, said in a statement. Agile and DevOps are modern ways in which software is developed.
By partnering with Wipro, Denim Group will get better reach, according to John Dickson, Principal, Denim Group.
The minority stake is in line with the company’s strategy of focussing in specific technology areas, which include cybersecurity, amongst others. Wipro has been following a strategy of acquisitions and picking up stakes, in an effort to kickstart growth.
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