Wipro Limited’s stock experienced a significant increase on Aug. 9 following the announcement of a strategic partnership with Cyble to enhance Wipro’s cybersecurity risk management frameworks with AI-powered threat intelligence technology. This collaboration garnered positive feedback from investors, resulting in a 2% rise in Wipro’s shares shortly after the news broke.
With Wipro boasting annual revenues exceeding US$10 billion, this deal not only strengthens the company’s global security and compliance capabilities but also expands the market presence of Cyble, a rapidly growing leader in cyber threat intelligence.
The integration of Cyble’s AI and machine learning-driven platforms into Wipro’s cybersecurity frameworks will deliver real-time threat intelligence, proactive attack surface management, and comprehensive risk assessments to safeguard Wipro’s business clients against advanced cyber threats. The partnership will also enable Dark Web monitoring and brand protection services, ensuring comprehensive protection for Wipro’s customers in the increasingly complex cyber landscape.
Tony Buffomante, Wipro’s Senior Vice President & Global Head of Cybersecurity & Risk Services, emphasized the importance of staying ahead of cyber threats in today’s disruptive environment. He highlighted the synergies between Wipro’s expertise in risk and compliance and Cyble’s leadership in AI and automation, underscoring their commitment to securing enterprises in a constantly evolving cybersecurity and regulatory environment.
Cyble’s CEO Beenu Arora echoed this sentiment, emphasizing the proactive cybersecurity measures necessary in the current digital landscape. The collaboration aims to provide unparalleled threat intelligence and mitigation capabilities to global enterprises, empowering organizations to mitigate risks and stay ahead of evolving cyber threats.
Dipesh Ranjan, Chief Partner Officer at Cyble, expressed confidence in the combined capabilities of the two companies to deliver unmatched protection to enterprises worldwide, building on their existing strong relationship and recognizing Wipro as Cyble’s Global System Integrator (GSI) Partner of the Year.
Cyble’s stature in the cybersecurity industry has been on the rise, with accolades such as being named an Innovation Leader in Frost & Sullivan’s Radar: Cyber Threat Intelligence 2024 and recognition in Gartner’s Hype Cycles for digital risk protection services. The partnership with Wipro further solidifies Cyble’s position as a leader in threat intelligence and risk management.
For more information on the Cyble-Wipro partnership and the innovative solutions they offer, interested parties can visit wipro.com/partner-ecosystem/cyble. This collaboration signifies a significant step forward in enhancing cybersecurity measures for enterprises in an increasingly digital and interconnected world.