Monday 20 March 2023

*UKHotViewsExtra* Wipro looking to accelerate cybersecurity growth

WiproIndian HQ’ed Wipro has been having an impressive past couple of years, with UK revenue growth of ~40% in 2021 (15% of which was organic), going on to pass the £1bn revenue mark for the first time. This growth was significantly boosted by its acquisition of Capco in the middle of 2021, which strengthened Wipro’s business consulting division, especially in the financial services industry.

The company is now turning its attention to maximising its investments and experience in cybersecurity, with the launch of a new security consulting function in November 2022, bolstered by the acquisition of US based cybersecurity consulting firm Edgile.

The UK represents a significant market for Wipro with over 13,000 employees, 40% of which are hired locally, as well as 12 offices and delivery centers. Whilst Cybersecurity has always been part of Wipro’s business, in the UK&I it has been playing a less visible role. Growing the cybersecurity business is now a priority, and Wipro is targeting clients across multiple industries, with the focus on geographical growth rather than being vertical-led as was the case in the past. To do this it will be leveraging both its own local and  global security capabilities, relationships with partners such as Microsoft, SailPoint, Palo Alto and Zscaler, as well as investments in security startups it has made through its ventures fund.

HV PremiumTechMarketView subscribers - including UKHotViews Premium subscribers - can read more about Wipro’s growing cybersecurity business in our UKHotViewsExtra article: Wipro looking to accelerate cybersecurity growth

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Posted by Simon Baxter at '07:53' - Tagged: cybersecurity