Country’s third largest software firm Wipro on Monday said it has picked up a minority stake in US-based Emailage Corporation, for an undisclosed sum.
“Wipro has made a strategic investment in and signed a partnership with Emailage Corporation, a fast growing risk assessment and fraud prevention company,” Wipro said in a filing to the BSE. This investment is in line with Wipro’s strategy to participate in the external innovation ecosystem, for which the company has set up Wipro Ventures, it added.