Edgile | December 24, 2021
Wipro Limited, a leading global information technology, consulting and business process services company, today announced it has signed an agreement to acquire Austin, Texas headquartered Edgile, a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity.
Edgile is recognized by security and risk leaders for its unique business-aligned cybersecurity capability, deep understanding of the changing regulatory environment and enabling cloud transformations that help secure the modern enterprise. In addition, the company’s “strategy-first” approach and “Quick Start” solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services.
Together, Wipro and Edgile will develop Wipro CyberTransform™, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, Wipro CyberTransform™ will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains all in a highly secure manner.
“Adding Edgile’s strategic consulting capabilities and launching Wipro CyberTransform™ are significant milestones on our journey to becoming the trusted partner to security leaders and boardroom stakeholders. I see the team blending very well with Wipro’s CyberSecurists to deliver transformational cybersecurity on a global scale.”
Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro
Don Elledge, Chief Executive Officer, Edgile, said, “We are immensely thrilled to join Wipro, a company we admire for its values and deep technology capabilities. Our collective full spectrum of cybersecurity risk consulting and security management capabilities will help our global customers to continue to securely embrace their digital transformation journey and sustain their on-going risk management priorities.”
Earlier this year, Wipro strengthened its cybersecurity business by acquiring Ampion, a leading provider of cybersecurity services in Australia, and the cybersecurity practice at Capco, a leading consultancy in the BFSI sector in Europe and the US. Additionally, through its Wipro Ventures arm, the company continues to invest in innovative cybersecurity start-ups, demonstrating the firm’s strong commitment towards providing industry leading cybersecurity solutions across sectors and regions.
Abry Partners, a minority private equity investor in Edgile, will fully exit its investment in Edgile as a result of this transaction. Piper Sandler acted as financial advisor to Edgile and Stone Key Partners LLC acted as financial advisor to Wipro for the transaction.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Edgile is the trusted leader in cybersecurity transformation and risk services partnering with the world’s leading organizations, including 31% of the Fortune 100 and 20% of the Fortune 500. Our strategy-first model optimizes today’s enterprise journey to the cloud and modernizes identity and security programs through a risk lens and expert compliance knowledge. We secure the modern enterprise by transforming risk into opportunity with solutions that increase business agility and create a competitive advantage for our clients.
Futurex | February 25, 2022
Futurex receives top scores for cloud HSM service and strong cloud integration, extensive payment HSM platform, richest features, customer flexibility
BULVERDE, Texas, February 24, 2022 — ABI Research, global technology intelligence firm, today named Futurex a leader in hardware security modules (HSMs). In its latest Hardware Security Module: OEM competitive assessment report, ABI Research gave Futurex, a leader in enterprise-class data security solutions, high scores for its cryptography-as-a-service options, extensive payment HSM offerings, rich features, hybrid deployment options, and customer flexibility.
“The HSM market is changing rapidly. This is propelling highly flexible HSM offerings that can scale easily and adapt quickly to emerging demands,” the report by ABI Research reads. “Futurex showcases an extensive payment HSM platform with strong cloud integration and service availability, enabling it to carve itself a particularly successful niche in the HSM market which it is actively expanding.”
“We are honored to be recognized by ABI Research as a leader in the HSM space,” said Ryan Smith, vice president, global business development, at Futurex. “Our four decades of HSM R&D, in-depth knowledge of enterprise security needs, and being the first in industry to offer cryptography-as-a-service, have made us the trusted HSM partner for the world’s largest enterprises.”
Putting Innovation and Customers First
ABI Research’s report highlights Futurex’s commitment to innovation by recognizing the operational flexibility and application versatility its HSMs have to offer. The report also noted that Futurex is the only company offering the same suite of features with its cloud HSM as with its on-premises hardware.
With multiple payment HSM vendors currently going through end-of-life processes with their HSMs, organizations are looking for options including migrating their infrastructures to the cloud without changing any application code. As organizations look for robust security while optimizing costs with OPEX models, many turn to Futurex’s VirtuCrypt Cloud Payment HSM for their cryptographic needs.
For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit futurex.com.
ITC Secure | December 16, 2021
ITC Secure (ITC), a leading advisory-led cyber security services company and a Microsoft Gold cyber security partner, and Cassava Technologies, the pan-African technology leader, announced today that they have entered into a Joint Venture (JV) to build and launch an extensive portfolio of cyber security services, powered by Microsoft Azure cloud technologies in Africa.
Hardy Pemhiwa, the CEO of Cassava Technologies said: “Digital transformation in Africa is accelerating the adoption of cloud services which is creating an urgent need to better protect users and business-critical data. Cassava Technologies footprint covering more than 15 countries in Africa, we are well-positioned to meet the growing needs of businesses and individuals and expand access to cybersecurity and other digital services. We look forward to bringing ITC’s world-class cyber expertise, coupled with Microsoft’s industry-leading technology, to build Africa’s digital future.”
“The strategic partnership between ITC Secure and Cassava Technologies, as a pan-African technology leader, will bring Microsoft’s cutting-edge cloud security solutions to the African market to drive the growth of the technology sector and innovation across Africa.”
Andre Pienaar, the Chairman of ITC Secure
Admiral Mike Mullen, the Chairman of ITC Secure USA said: “The combination of ITC Secure and Cassava Technologies will help guide us to the future while addressing the growing needs of individuals and organisations in the African market for a secure digital world, built on the best solutions and delivered by the best experts.”
Replicating best practice of a leading UK SOC to build a cutting-edge SOC in Africa
ITC’s 24/7 Operations Centre, based in London, is at the forefront of delivering managed security services. As part of the JV, ITC and Cassava Technologies will build a state-of-the-art SOC in Africa. The centre will leverage Cassava Technologies’ in-depth knowledge of the African continent and ITC’s extensive experience in cybersecurity, to enable the rapid delivery of cyber services and operations on the continent.
Steering the future
ITC’s mission to ‘make the digital world a safer place to do business’ echoes Cassava Technologies’ vision of a digitally connected future that leaves no African behind. This JV addresses the growing need to ensure that individuals and organisations are safe and secure online and will further demonstrate how cyber security can be a business enabler, helping to drive growth and create jobs across Africa.
Facilitating knowledge transfer locally
The skills gap in the cyber security industry continues, with recruitment and retention an ongoing challenge. The JV will facilitate access to experts globally and close collaboration and knowledge transfer locally. This will enable faster on the ground response, the sharing of cyber security best practice and streamlined sharing of internal resource.
Extended portfolio of cyber security services
ITC’s integrated delivery model provides access to the best cyber security skills, technology, and governance. Encompassing a unified suite of solutions that start with an advisory-led approach, including Identity and Access Management capabilities and managed security services like Managed Detection and Response.
At the heart of ITC’s integrated delivery model is PULSE, an extended detection and response platform powered by Microsoft Sentinel, that integrates specialist knowledge and expertise.
ITC is a Microsoft Gold partner in Security and Cloud and a member of the Microsoft Intelligent Security Association. Organisations will gain access to a level of expertise recognised by Microsoft as the “highest, most consistent capability” – underpinned by a cohesive set of services that scale.
About ITC Secure
ITC Secure is an advisory-led cyber security services company.
We have a 25+ year track record of delivering business-critical services to over 300 blue-chip organisations - bringing together the best minds in security, a relentless focus on customer service and advanced technological expertise to help businesses succeed.
With our integrated delivery model, proprietary platform and customer-first mindset, we work as an extension of your team throughout your cyber journey and always think not only about you, but also your customers and the reputation of your brand.
ITC Secure a certified Great Place to Work® and is headquartered in London, UK. With a dynamic balance of the best in people, technology, and governance, we make cyber resilience your competitive advantage.
About Cassava Technologies
Cassava Technologies is a pan-African technology leader providing a vertically integrated ecosystem of digital solutions, designed to significantly accelerate connectivity and drive digital transformation across the African continent. Cassava Technologies creates the enabling digital infrastructure with cross-border fibre, renewable energy solutions, and a state-of-the-art network of data centres that provides access for millions to complementary digital services of Wi-Fi, Cloud, cybersecurity and fintech solutions. This ecosystem aims to transform the lives of individuals and businesses across the continent by enabling social mobility and economic prosperity.
Covail | December 23, 2021
Covail, a Columbus-based cybersecurity and digital optimization firm founded by Central Ohio’s largest companies, is being acquired by a leading Managed Detection and Response firm.
Covail announced today that it has agreed to be acquired by cybersecurity and managed detection and response (MDR) services provider GoSecure. The transaction is estimated to close in December 2021. Terms of the acquisition were not disclosed.
“Since our founding six years ago as the Columbus Collaboratory, our goal has been to find ways to leverage collaboration to deliver successful AI, cybersecurity and cloud-based software solutions to our Fortune 500 clients,With this acquisition by GoSecure, our clients will now have access to an even broader set of capabilities and expertise thanks to our ability to leverage GoSecure’s class-leading capabilities and solutions. This will also help to further accelerate market penetration for our leading-edge security products and AI capabilities.”
Covail CEO Matt Wald
Covail, as Columbus Collaboratory, was born out of the aspiration of seven of the largest companies in central Ohio – American Electric Power (AEP), Battelle, Cardinal Health, Huntington Bank, L Brands (now Bath & Body Works), Nationwide, and OhioHealth – in partnership with One Columbus. The goal of the endeavor was to solve common automation, AI, and cybersecurity challenges across multiple industries. “The diversity and maturity of these founding companies made Covail the innovative, value-driven, solutions partner that it is today”, said Michael Krouse, SVP of Strategy and Transformation at Ohio Health and Chairman of the Covail Board. “Covail accelerated the cybersecurity and AI capabilities of the founding companies, upskilled critical tech talent for the region, and built a high-growth company that contributed to our region’s economic growth engine. It’s exciting to be able to leverage this strategic relationship to secure Columbus as the Midwest’s premier cybersecurity hub.”
Through its ecosystem of collaborators and commercial partners, Covail’s technology teams executed over 1,000 engagements and collaboration sessions that solved complex business challenges using machine learning and the latest cyber defense practices. The firm’s work attracted top technology talent to the region, Wald said, and led to the development of software products that enabled advanced cyber threat detection and continuous risk management.
GoSecure is a recognized cybersecurity leader and innovator. The company is the first and only to integrate endpoint, network and email threat detection into a single Managed Detection and Response (MDR) service.
GoSecure plans to leverage Covail’s talent, proprietary technology, and client relationships to build a regional presence in Central Ohio that will help accelerate its momentum in the US market. GoSecure’s access to technology talent and partnerships made Columbus an attractive, economically viable location for a cybersecurity hub, Wald said.
Wald said partnership with the original companies in the Covail firm will continue, along with an expansion to additional businesses with the goal of making Central Ohio a major U.S. cybersecurity operations center.
Covail™ is a trusted solutions partner, enabling organizations to optimize through Intelligent Operations solutions that lower total risk and cost for key business functions, equipping them to transform from a position of strength. Since 2015, Covail’s experts in Cybersecurity, Artificial Intelligence (AI), and Automation have been delivering business results for leading Fortune 500 companies across industries. Trustworthy, Intelligent Operations. Accelerated. Learn more at covail.com.
GoSecure is a recognized cybersecurity leader and innovator, pioneering the integration of endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure TitanTM platform delivers predictive multi-vector detection, prevention, and response to counter modern cyber threats. Titan MDR offers a detection to mitigation speed of less than 15 minutes, delivering rapid response and active mitigation services that directly touch the customers’ network and endpoints. For over 10 years, GoSecure has been helping customers better understand their security gaps and improve their organizational risk and security maturity through MDR and Advisory Services solutions delivered by one of the most trusted, skilled and experienced teams in the industry.