Infosys co-founder NS Raghavan has pumped $10 million into information risk management solutions provider, Paladion, through his investment firm Nadathur Holdings. The fund will be used for enhancing Paladion’s cyber security intelligence platform and building a cloud security services platform, besides global expansion of multiple Security Operation Centres.
Paladion had earlier raised a seed capital of $0.5 million from Nadathur Holdings in 2001. The company’s present annual revenue stands at $35 million.
Paladion now plans to consolidate its leadership position in the Asian markets and make a mark in the global market with security intelligence technology and cloud security services for the multi-billion dollar cyber security and information risk management market.
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“Nadathur invested in Paladion at the very beginning. Over the years, it has expanded its offices to 12 countries worldwide and has become a leading player in its field. More importantly, we liked Paladion’s value systems, technology expertise and conservative approach to capital. This is Nadathur’s third major investment in line with our vision of backing scalable entrepreneurs who could build global enterprises,” said Raghavan.
fe Bureau | The Financial Express