Wipro on Monday said it will acquire Austin, Texas-headquartered Edgile for USD 230 million, a move that will strengthen the IT major's play in the cybersecurity services space.

Edgile's experienced cybersecurity and risk management professionals will allow Wipro to further enhance its cybersecurity and risk consulting capabilities for the benefit of its customers, a regulatory filing said.

In addition, the company's 'strategy-first' approach and 'Quick Start' solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services, it added.
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Across Europe, 12 million jobs will be lost by 2040 through automation technologies, according to analyst firm Forrester Research.

With the pandemic increasing the adoption of digital technologies in business, the region is forecast to embrace automation to address its demographic challenges, the analyst said in a new report. By 2050, the five leading economies in Europe – France, Germany, Italy, Spain, and the UK – are expected to have 30 million fewer people of working age.

The report also mentioned that investments in automation will become key to how European governments look at their competitiveness.
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