Infosys co-founder invests $10 mn in Paladion
18/06/2014 16:42
Nadathur Holdings, promoted by Infosys co-founder N S Raghavan, has invested an additional USD 10 million (Rs 6 crore) in IT security solutions provider Paladion, reported PTI. In 2001, Paladion had raised a seed capital of USD 500,000 from Nadathur Holdings. The new funding will be utilised for enhancing Paladion's cyber security intelligence platform, building a comprehensive cloud security services platform and expansion of multiple Security Operation Centres globally, a statement said. Paladion has grown from a start-up to one of the largest information risk management providers in Asia with an annual revenue run rate of USD 35 million, it said. According to media reports, with new capital infusion, the firm plans to consolidate on its position with security intelligence technology and cloud security services for the multi-billion dollar cyber security and information risk management market.
18/06/2014 16:42
Nadathur Holdings, promoted by Infosys co-founder N S Raghavan, has invested an additional USD 10 million (Rs 6 crore) in IT security solutions provider Paladion, reported PTI. In 2001, Paladion had raised a seed capital of USD 500,000 from Nadathur Holdings. The new funding will be utilised for enhancing Paladion's cyber security intelligence platform, building a comprehensive cloud security services platform and expansion of multiple Security Operation Centres globally, a statement said. Paladion has grown from a start-up to one of the largest information risk management providers in Asia with an annual revenue run rate of USD 35 million, it said. According to media reports, with new capital infusion, the firm plans to consolidate on its position with security intelligence technology and cloud security services for the multi-billion dollar cyber security and information risk management market.
