Wipro sells entire shareholding in IntSights for $19.17 million

By: |
July 20, 2021 3:24 PM

During the period 2016-19, Wipro acquired minority stake of less than 20 per cent in IntSights Cyber Intelligence Ltd (IntSights), for an aggregate investment of USD 4.21 million, Wipro said in a regulatory filing on Tuesday.

Over the past 12 months, Wipro has announced significant cloud-related wins with Telefónica Germany / O2, Verifone, and E.ON in addition to METRO, one of the largest deals in Wipro’s history.Over the past 12 months, Wipro has announced significant cloud-related wins with Telefónica Germany / O2, Verifone, and E.ON in addition to METRO, one of the largest deals in Wipro’s history.

IT services major Wipro on Tuesday said it has sold its entire stake in IntSights, a cyberthreat intelligence service provider, for USD 19.17 million (about Rs 143.3 crore). On Monday, security analytics and automation firm Rapid7, Inc had announced the acquisition of IntSights Cyber Intelligence Ltd – which provides contextualised external threat intelligence and proactive threat remediation – for USD 335 million in cash and stock.

During the period 2016-19, Wipro acquired minority stake of less than 20 per cent in IntSights Cyber Intelligence Ltd (IntSights), for an aggregate investment of USD 4.21 million, Wipro said in a regulatory filing on Tuesday. The investment was made through Wipro Ventures, the strategic investment arm of Wipro.

“As part of the recently announced acquisition of IntSights by Rapid7, Inc, Wipro has sold its entire stake in IntSights for a consideration of USD 19.17 million. Consequent to the sale, Wipro does not hold any stake in IntSights,” the filing added. IntSights has offices in Amsterdam, Boston, Tel Aviv and Tokyo.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Action Mode: Now, an Artificial Intelligence model for disaster risk prediction
2Equitas board approves merger of holding company with bank
3IndusInd Bank net profit doubles on lower provisions