India\u2019s third largest IT services exporter Wipro has announced an investment of $8.8 million to pick up 33.3% stake in Denim Group, a US based application security firm. Through this investment, Wipro now plans to jointly leverage along with Denim Group to address the cybersecurity market. According to notices issued to the stock exchanges, Wipro said, \u201cThis partnership will bring together Wipro\u2019s strong digital transformation and cybersecurity capabilities with Denim Group\u2019s application security consulting, assessments and implementation services including DevSecOps and secure development training services.\u201d Commenting on the investment, Sheetal Mehta, vice-president & global head, Cybersecurity & Risk Services, Wipro, said, \u201cIt strengthens Wipro\u2019s portfolio of digital transformation services as well as taps into services for embedding security in software development methodologies such as Agile & DevOps.\u201d Established in 2001, Denim Group is a privately held firm with around 60 employees. It provides technology solution in the area of application security and its flagship solution platform is ThreadFix. It reported a revenue of $11.3 million for 2017 and $10.9 million in 2016. Wipro has been the most active among the top tier Indian IT services companies to invest in technology start-ups globally. The IT major\u2019s strategic investment arm \u2014 Wipro Ventures \u2014 has got a corpus of $100 million and focuses on investing in early- to mid-stage start-ups. Wipro Ventures is headed by Rishad Premji, the firm\u2019s chief strategy officer and key focus areas of investments are artificial intelligence, big data, Internet of Things, healthcare IT, financial technology etc.