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Wirpo to acquire Edgile for $230 million
December 21, 2021
Wipro on Monday said it will acquire Austin, Texas-headquartered Edgile for USD 230 million, a move that will fortify the IT major’s play in the cybersecurity services space.
Edgile’s experienced cybersecurity and risk management professionals will allow Wipro to additional upgrade its network safety and risk consulting capabilities to serve its clients, a regulatory filing said.
What’s more, the organization’s ‘strategy first’ approach and ‘Quick Start’ solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services, it added.
The buy thought is USD 230 million, and the transaction is expected to be completed before March 31, 2022, subject to regulatory approvals endorsements and customary closing conditions, the filing said.
The transaction will require approval by the Committee on Foreign Investment and Hart-Scott-Rodino Antitrust in the US, it added.
Established in 2001, Edgile is an information security consulting firm providing official services, primarily focused on delivering cybersecurity safety and risk management consulting services to corporations. It is secretly held and has an onsite workforce of 182 workers. Its income for the year ended December 31, 2020, remained at USD 44.1 million.
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