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Posts Tagged ‘ Wipro ’

Cybersecurity startup Lucideus raises investment from Motilal Oswal PE director

Thursday, September 1, 2016 | More »

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Delhi-based cybersecurity startup Lucideus Tech Pvt. Ltd has raised an undisclosed amount of angel funding from Motilal Oswal Private Equity Advisors director Amit Choudhary. The startup said in a statement it will use the capital to expand operations and hire talent. The company was founded in 2012...

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Cybersecurity startup TAC Security gets pre-Series A funding

TAC Security Solutions, which provides cybersecurity solutions to corporate clients, has secured an undisclosed amount of funding in a pre-Series A round from Vijay Kedia. Kedia is a stock market investor, managing director of Kedia Securities Pvt. Ltd and director of three-wheeler maker Atul Auto L...

23 August, 2016 | More »

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Wipro invests $19M in two tech startups

Global IT services major Wipro Ltd has invested $19 million in two undisclosed technology startups, according to its CEO TK Kurien. “There is innovation capability lying outside the organisation and so there is a need to invest in the same,” Kurien said at a Nasscom conference. He did not share ...

13 February, 2014 | More »

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Wipro to acquire US-based Opus CMC for $75M

Wipro Ltd, India’s third-largest IT services exporter, has closed its third and largest deal this year by acquiring US-based Opus CMC (Opus Capital Markets Consultants LLC) for $75 million. The transaction includes a deferred earn-out component, as per a statement. The acquisition will strengt...

2 December, 2013 | More »

Aishvarye-Sinha

The trade off faced by IT players: Scale up at the expense of profitability or focus on earnings even if growth slows

Most entrepreneurs have encountered the conundrum between scaling up at the expense of profitability or focusing on earnings even if it means slow growth.  This growth versus margin question is even faced by mature IT services companies with already over $500 million in revenue. This set of compani...

10 October, 2013 | More »

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Wipro puts in $5M to pick up minority stake in machine-to-machine applications firm Axeda

Global IT services major Wipro Ltd has invested $5 million to pick up a minority stake in US-based Axeda Corporation, a provider of cloud-based services and software for managing connected products and delivering machine-to-machine (M2M) applications. “Wipro’s investment in Axeda is driven by th...

3 June, 2013 | More »

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Wipro to invest $30M in US-based Big Data firm Opera Solutions

Azim Premji-led Wipro Ltd, India’s third largest software services provider, has signed an agreement to enter into a strategic partnership with Opera Solutions LLC, a privately held and New Jersey-headquartered Big Data analytics firm. Wipro will invest $30 million in the company to take a minorit...

8 May, 2013 | More »

Cloud-based telephony startup Exotel aims to tap SME demand; signs up 150 customers

When expert hacker Shivakumar Ganesan set up a C2C marketplace venture Roopit, he used to get a lot of telephone calls, many of which he missed. He later realised that he could have turned each call to a valid customer if he had handled the calls properly. This led him to develop a solution that [&h...

26 December, 2012 | More »

rajeev-mantri

India’s rapidly evolving technology landscape

India’s technology landscape can be characterized as having seen three waves of evolution and growth. The first wave was led by the likes of Tata Consultancy Services, Patni Computer Systems, Infosys and Wipro, who pioneered the outsourcing model based on labour cost arbitrage. These were firm...

2 November, 2012 | More »

OrangeScape Raises $1M Angel Funding From IAN

Chennai-headquartered OrangeScape, a cross-Cloud PaaS (Platform-as-a-service) provider, has raised $1 million from the Indian Angel Network. The capital raised will be largely used for business and product development. As part of the deal, Sharad Sharma of IAN has joined OrangeScape’s board of d...

4 May, 2012 | More »

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