Bangalore, India and London, UK - September 12, 2016:
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."
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.