March 1, 2018
Menlo Park, CA – GrowthPoint is pleased to announce that Denim Group, a leading application security solutions provider, has sold a minority stake to Wipro Limited. GrowthPoint acted as the exclusive financial advisor to Denim Group based in San Antonio, Texas.
This partnership brings together Wipro’s strong digital transformation and cybersecurity capabilities with Denim Group’s application security consulting, assessments and implementation services and Denim Group’s Flagship product ThreadFix, a premier application vulnerability correlation and resolution platform.
Denim Group is a leading independent application security firm, serving as a trusted cyber security advisor to customers on matters of application risk and software vulnerability resolution. Denim Group’s ThreadFix platform accelerates the process of application vulnerability remediation, reflecting the Company’s rich understanding of what it takes to fix application vulnerabilities faster. “We are excited to use this investment to further mature the ThreadFix platform and drive growth,” said John Dickson, Principal, Denim Group. “Collaborating with Wipro will greatly increase our reach and help fulfill our mission of building a world where technology is trusted.”
“Wipro’s investment in Denim Group reflects our continued commitment to assist our customers in simplifying digital risk management by enabling them to roll out secure software faster. It strengthens Wipro’s portfolio of digital transformation services as well as taps into services for embedding security in software development methodologies,” said Sheetal Mehta, Vice President & Global Head, Cybersecurity & Risk Services, Wipro Limited.
“I congratulate Denim Group and Wipro on this strategic transaction. I am confident this partnership would be highly beneficial to their customers and create significant value for both parties,” said Vijay Rawat, Managing Director at GrowthPoint who led this transaction.
“Denim Group is at the forefront of vulnerability management and is defining the market for Continuous Security in the Continuous Integration/Continuous Deliver (CS/CI/CD) pipeline. GrowthPoint recognizes Denim’s unique areas of expertise and is committed to helping clients achieve successful outcomes,” said Anson Kwan, Vice President at GrowthPoint.
For further information, please see the press release.