WITN WIPRO LTD

Wipro and Vectra Networks Partner to Deliver Automated ‘Threat Hunting as- a- Service’

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced a partnership with Vectra Networks, a Silicon Valley-based cybersecurity company that provides automated threat management solutions for real-time detection of in-progress cyber attacks.

Wipro will leverage the Vectra automated threat management platform built with artificial intelligence-based on machine learning and behavioral analytics to detect attacker behaviors and user anomalies in the network.

According to Gartner, “Most enterprises have limited capabilities to detect and respond to breaches when they inevitably occur, resulting in longer ‘dwell times’ and increased damage.”1

We believe organizations these days incur significant fines because they do not have adequate solutions to detect breaches or cannot contain them in a reasonable period.

Gartner also says that by 2020, 60% of enterprise information security budgets will be allocated to rapid detection and response approaches — up from less than 10% in 2014.1

As threats became more intelligent and sophisticated, traditional security solutions will become inadequate over time because they will continue to make snap judgments based on incomplete information.

Wipro’s ‘Threat Hunting as- a- Service’ offering, powered by Vectra Networks, provides enterprises with an automated threat hunting platform for real-time detection of threats. Wipro’s offering complements the Vectra platform with comprehensive ‘Threat Life Cycle Management Capabilities and Services’ to the enterprise.

Wipro offers its ‘Threat Hunting as- a- Service’ round-the-clock from its Cyber Defense Centers spread across the world, including Georgia and Texas, USA, Mississauga, Canada, Warsaw, Poland and multiple centers in India.

"We are very excited to partner with Vectra to launch our ‘Threat Hunting as- a -Service offering,’" said Hiral Chandrana, Senior Vice President & Global Head, Business Applications and Cybersecurity & Risk Services, Wipro Limited. “‘Threat Hunting as- a- Service’ combines the best of next-gen technology from Vectra Networks and managed services from Wipro. This service, which is part of Wipro’s Cyber Defense Platform, is key to our strategy to meet the cyber threat management demands of enterprises, worldwide.”

“Many organizations already leverage Wipro’s managed security services as a natural extension of their IT organization,” said Hitesh Sheth, Chief Executive Officer of Vectra Networks. “Our partnership with Wipro will fast-track our global footprint and significantly increase our ability to address the security and service needs of large enterprises. Using the Vectra automated threat management platform, Wipro will deliver the industry’s first ‘Threat Hunting-as -a –Service’ that leverages artificial intelligence based on machine learning and behavioral analytics.”

About Wipro Limited

Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com.

About Vectra Networks

Vectra Networks is Vectra® Networks is the leader in automated threat management solutions for real-time detection of in-progress cyber attacks in campus and data center networks. The company’s solution automatically correlates threats against hosts that are under attack and provides unique context about what attackers are doing so organizations can quickly prevent or mitigate loss. Vectra prioritizes attacks that pose the greatest business risk, enabling organizations to make rapid decisions on where to focus time and resources. In August 2016, Vectra earned Best of BlackHat for Most Innovative Emerging Company and in 2015, Gartner named Vectra a Cool Vendor in Security Intelligence for addressing the challenges of post-breach threat detection. Vectra investors include Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures and DAG Ventures. The company’s headquarters are in San Jose, Calif., and it has European regional headquarters in Zurich, Switzerland. More information can be found at www.vectranetworks.com.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

1 Gartner “Designing an Adaptive Security Architecture for Protection From Advanced Attacks,” by Neil MacDonald and Peter Firstbrook, 12 February 2014, Gartner Foundational, 28 January 2016, ID G00259490, https://www.gartner.com/doc/2665515/designing-adaptive-security- architecture-protection

EN
12/09/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on WIPRO LTD

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Still No Decisive Breakout as SPX Tests 5783 The S&P 500 (SPX) remains just below 5783, which is the upper-end of an important target/resistance area we have discussed for over a month (5670-5783). 5670 was the prior all-time high set in July, while 5783 is 2% above 5670. It is hard to call it a "decisive" breakout if the SPX is not even 2% above its prior high, and, importantly, in 2007, the SPX made a top after climbing 1-2% above its prior high. To reiterate, the 2007 topping analog has trac...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Oversold Bounce Underway Amid Consolidation Phase In last week's Compass (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing major multi-month supports, combined with Treasury yields and the U.S. dollar (DXY) testing resistance. The bounce has begun with the S&P 500 ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback. For now, we see a low probabilit...

 PRESS RELEASE

Wipro Appoints Suzanne Dann as Chief Executive Officer for Americas 2 ...

NEW YORK & BANGALORE, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced today the appointment of Suzanne Dann as Chief Executive Officer of Wipro Americas 21 Strategic Market Unit, effective immediately. Dann will also join the . In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas. She will also direct operational changes to improve margins and continue investments in talent to serve clients’ changing needs. “Suzanne’s focus on deepen...

 PRESS RELEASE

Leaders in Cloud Adoption Approach Cloud Differently and Achieve 10x G...

NEW YORK & BANGALORE, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today released a report indicating that leaders in cloud adoption approach their cloud journey differently than beginners, enabling them to achieve a 10x greater annualized return on investment. Wipro’s report, “Making Business Thrive: A Cloud Leader Roadmap for Achieving 10x ROI,” outlines these best practices for enterprises beginning their cloud journey or seeking to accelerate their results. The report ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

SPX 4400 Target In Sight; Constructive Outlook Intact Our weight of the evidence approach continues to lead us to our view that the market remains mixed-yet-constructive overall. We explain our outlook below. S&P 500. The S&P 500 remains bullish, progressing past our first target of 4350 and now on its way to our next target of 4400-4406. As long as 4257-4275 support holds, we expect to see 4400 followed by 4460. Should 4257 fail to hold, our next support levels to watch would be 4164 followed...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch