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Wipro Recognized as 'Leader' in the ISG Provider Lens™ Cybersecurity - Solutions and Services report for Singapore & Malaysia

Posted On : 2023-08-01 13:07:01( TIMEZONE : IST )

Wipro Recognized as 'Leader' in the ISG Provider Lens™ Cybersecurity - Solutions and Services report for Singapore & Malaysia

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, has been recognized as a 'Leader' by ISG Provider Lens™ in their Cybersecurity-Solutions and Services report for Singapore and Malaysia. According to the report, leaders have a comprehensive product and service offering, a strong market presence and their competitive strategy is strongly positioned to win business in the Asian market.

The report evaluated global service providers and software vendors across several key dimensions focused on cybersecurity. The ISG report assessed the cybersecurity capabilities of 81 providers across the following six quadrants: Identity and Access Management, Data Leakage/Loss Prevention, and Data Security, Advanced Endpoint Threat Protection, Detection and Response, Technical Security Services, Strategic Security Services, and Managed Security Services.

Badri Srinivasan, Business Head - India & Southeast Asia, Wipro Limited, said "We are honoured to receive this recognition from ISG, as we continue to accelerate our regional cybersecurity consulting footprint for Southeast Asia. Cybersecurity is fundamental to every single digital technology initiative that our clients undertake. Our portfolio of integrated offerings across the cybersecurity value chain, with flexible engagement models, is gaining traction with our clients. Wipro's leadership positioning in the study by ISG is also an acknowledgement of our commitment to driving value through digital transformation for our clients."

The number of cyber-attacks and threats in Singapore & Malaysia is rising with increased digitalization during the pandemic. ISG has cited Wipro's strong play in advanced technical security service offerings which include IAM solutions, data and cloud security, and forensic services. Wipro has moved up in the cybersecurity value chain by investing in dedicated Cloud Security practice that offers consulting and advisory services, data protection and privacy services, and continuous governance. Wipro has advanced capabilities around cybersecurity design and implementation services spanning digital identity, data security, application security, infrastructure, and operational technology (OT) security.

Deepraj Emmanuel, Director and Head of Asia, ISG said "Wipro's holistic approach of addressing client cybersecurity needs has fueled Wipro's role as a trusted partner to improve the client cybersecurity posture and mitigate risk significantly. The integrated approach that Wipro brings with the Capco and DesignIt acquisitions, helps clients to deliver security transformation aligned to global standards."

In the report, ISG acknowledges Wipro's Cybersecurity strengths for offering comprehensive threat detection and response services which reduces security threats for enterprises in Singapore and Malaysia. Wipro has been present in Southeast Asia for over two decades, having partnered with leading public and private sector enterprises across multiple industry verticals in their business transformation and digital journeys. Wipro also has a presence in the region through its acquired entities - Capco, Designit, Topcoder and Rizing.

Shares of Wipro Limited was last trading in BSE at Rs. 405.00 as compared to the previous close of Rs. 398.75. The total number of shares traded during the day was 349533 in over 11935 trades.

The stock hit an intraday high of Rs. 405.85 and intraday low of 398.80. The net turnover during the day was Rs. 140823230.00.

Source : Equity Bulls


Wipro INE075A01022 WIT Recognition Leader ISProviderLens CybersecuritySolutions Singapore Malaysia