Wipro Shares Gain on Cyble AI Threat Intelligence Deal

Wipro Limited shares rose Aug. 9 as investors cheered the IT services company’s deal to incorporate Cyble’s AI-powered threat intelligence technology into Wipro’s cybersecurity risk management framework.

Wipro shares (NYSE: WIT, BSE: 507685, NSE: WIPRO) rose 2% in initial reaction to the partnership news, Upstox reported, as investors responded favorably to the fourth-largest Indian IT services company’s plans to supercharge its global security and compliance business to give customer security teams the ability to make faster, better-informed decisions on threats and risk.

With Wipro’s annual revenues of more than US$10 billion, the deal also significantly expands the market reach of fast-growing cyber threat intelligence leader Cyble.

Attack Surface, Dark Web and Brand Monitoring Part of Cyble-Wipro Deal

The partnership will integrate Cyble’s AI and machine learning-driven platforms into Wipro’s cybersecurity risk frameworks to provide real-time threat intelligence, proactive attack surface management and comprehensive risk assessments to help protect Wipro’s business customers against advanced cyber threats.

The integration also brings in Cyble’s capabilities in Dark Web monitoring and brand protection, expanding Wipro customer protection into the dark corners of the internet where cybercriminals operate.

Tony Buffomante, Wipro’s Senior Vice President & Global Head of Cybersecurity & Risk Services, said in a statement that the deal will give Wipro customers important protections against rapidly evolving cyber threats.

“In this age of continuous disruption, enterprises must stay several steps ahead of the bad actors by implementing robust and automated threat detection platforms,” Buffomante said. “Cyble’s leadership in AI and automation perfectly complements the deep understanding of today’s risk and compliance challenges that Wipro’s expert Cybersecurists bring to the table. This reaffirms our commitment to secure the modern enterprise in a constantly evolving cybersecurity and regulatory landscape.”

Cyble CEO Beenu Arora said that “Wipro’s decision to utilize Cyble’s threat intelligence platform highlights the importance of proactive cybersecurity measures in today’s digital landscape. Together, we are committed to delivering unparalleled threat intelligence and mitigation capabilities to global enterprises. Our advanced solutions offer brand monitoring and detection, data breach monitoring and cyber threat intelligence that empower organizations to stay ahead of evolving cyber threats.”

Dipesh Ranjan, Chief Partner Officer at Cyble, said the two companies “are well-positioned to provide unparalleled protection to enterprises worldwide.”

Bond with Wipro Deepens as Cyble’s Stature Grows

The deal improves on an already strong relationship between Wipro and Cyble. Even before the new partnership announcement, Cyble had named Wipro its Global System Integrator (GSI) Partner of the Year.

Cyble has received a number of cybersecurity industry accolades recently as its stature in threat intelligence and risk management grows. Frost & Sullivan named Cyble as Innovation Leader in the Frost Radar: Cyber Threat Intelligence 2024. Gartner included Cyble in two Hype Cycles for the digital risk protection services (DRPS) category, Forrester recognized Cyble in its ASM Landscape 2024 report, and G2 highlighted Cyble as a leader in the Dark Web Monitoring Providers grid.

For more information on the Cyble-Wipro partnership, visit wipro.com/partner-ecosystem/cyble.

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