Wipro sells entire shareholding in IntSights for $19.17 million


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 percent in IntSights Cyber Intelligence Ltd (IntSights), for an aggregate investment of USD 4.21 million, Wipro said in a regulatory filing on Tuesday.

News Source:- Moneycontrol

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