According to sources Global software major Wipro announced acquiring a minority stake in the US based application security firm Denim to jointly offer its services. A city based IT major in a statement said "The partnership will bring our digital transformation and cyber security capabilities with Denim's application security consulting, assessments and implementation services".
Meanwhile the company, however, did not specify how much of the equity stake and at what price, including premium, if any, it paid per share of unspecified face value. Presently the investment is expected to be closed by the end of March. Moreover Wipro will also offer customers value in mitigating cyber security risks with Denim's flagship product ThreadFix, the premier application vulnerability correlation and resolution platform.
Accordingly ThreadFix software product has been
designed to give security practitioners the ability to understand the security
posture of their applications and conduct remediation. Further the ThreadFix
platform accelerates the process of application vulnerability remediation,
reflecting the company's rich understanding of what it takes to fix application
vulnerabilities faster.
