Wipro Partners with and Invests in Demisto

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FOR IMMEDIATE RELEASE

 

Contact:

Dan Spalding
dan.spalding@demisto.com
(408) 960-9297

Wipro Partners with and Invests in Demisto to Deliver Security Orchestration and Automated Incident Management as a Managed Service

Wipro’s Strong Managed Services Offerings Combined with Demisto’s Comprehensive Incident Management Platform Deliver Automated Incident Management

BANGALORE, India, and LONDON and CUPERTINO, Calif. — April 24, 2017 — Demisto Inc., a Silicon Valley-based innovator in Security Automation and Orchestration technology, today announced a partnership with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, to deliver integrated and automated incident response as a managed service.

Wipro’s Cyber Threat Management Platform combined with Demisto’s solution will provide customers with security orchestration, incident management and interactive investigation capabilities. Demisto enables security operations teams to reduce MTTR (Mean Time To Respond), create consistent and audited incident management processes, and increase analyst productivity.

“We are very excited to partner with Demisto to enhance our Cyber Threat Management Platform,” said Sheetal Mehta, Vice President & Global Head, Cybersecurity & Risk Services, Wipro Limited. “Demisto’s automation and security orchestration capabilities combined with Wipro’s deep expertise in managing customers’ security infrastructure enables customers to respond to threats faster, and reduce risk and security operations cost. Wipro’s Cyber Threat Management Platform helps our customers transform their cyber risk posture.”

“Wipro is a leader in delivering information technology, consulting and business services to organizations worldwide,” said Slavik Markovich, Demisto co-founder and CEO. “We are excited about the partnership with such a global leader, which brings Demisto’s solution to organizations worldwide to uniquely address their Security Operations Center (SOC) transformation, automation, collaboration and efficiency issues.”

Demisto’s orchestration engine is designed to automate security tasks across 100+ security products and weave human analyst activities and workflows with ease. A collaborative and interactive interface enables security operations teams to investigate, track evidences and manage the entire incident life cycle with a complete auditable trail. The information captured is indexed and available at analysts’ fingertips to hunt and respond to threats. Demisto Enterprise is powered by DBot, a security chatbot that learns from the real-life analyst interactions and past investigations. It helps SOC teams with analyst assignment suggestions, playbook enhancements, incident and indicator correlation, and best next steps for investigations. Using Demisto’s machine learning suggestions, analysts become smarter and efficient with every incident.

Along with the partnership agreement, Wipro Ventures, the strategic investment arm of Wipro Limited, made an investment in Demisto as part of the $20M Series B round of funding Demisto announced in February.

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 Demisto
Demisto helps Security Operations Centers increase efficiency, improve incident response times and processes. Demisto Enterprise combines security orchestration, collaboration and threat management to reduce manual work and provide decision support for SOC analysts. At the heart of Demisto’s technology is DBot, a security chatbot that is integrated with dozens of products and understands hundreds of security commands. Demisto is backed by Accel and other prominent investors and has offices in Silicon Valley and Tel Aviv. For more information, visit www.demisto.com or email info@demisto.com.

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Wipro 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.
Demisto is a registered trademark of Demisto in the United States and other countries. All other company and product names are either trademarks or registered trademarks of their respective companies.