Paladion, Asia’s leading provider of information risk management solutions and services, has closed a growth capital funding of $10 million from Nadathur Holdings, an investment firm of Infosys Co-founder N.S. Raghavan.
O3 Capital has been advising both the sides on this deal. This capital will primarily be used for three purposes- for enhancing Paladion’s cyber security intelligence platform and for building a comprehensive cloud security services platform and global expansion of multiple Security Operation Centres (SOC).
Paladion had already raised seed capital of 0.5 million USD from Nadathur Holdings back in 2011. Leveraging that early investment, Paladion has grown from a startup to one of the largest information risk management providers in Asia with an annual revenue run rate of $35 million.
With this capital infusion, Paladion plans to consolidate on its leadership position in Asian markets and pivot to a global canvas with cutting edge security intelligence technology and cloud security services for the multi-billion dollar cyber security and information risk management market.
Paladion has been rated as the largest ‘pure-play’ Information Risk Management partner in Asia and is also the only Gartner rated managed security provider in Middle East. It has a huge client base spanning from leading organizations in Asia, the US and the Middle East. For over a decade, Paladion has been actively managing information risks for over 700 customers.
It provides a complete spectrum of information risk management comprising of security assurance, compliance, governance, monitoring, security analytics and security management services to large and medium sized organizations. Its offerings have been recognized and awarded by Gartner, Asian Banker, and Red Herring among others. It is also actively been involved in several information risk management research forums and has published many books on the same.
Over the past decades, Paladion has introduced several innovative cyber security & information risk management initiatives. Their recent successes include a big data solution for enterprise security intelligence and advanced cyber threat protection managed service driven by security analytics.
Today, Cyber Security and Information Risk Management becoming a critical board meeting agenda point, the global market is tipped to grow multi fold over the next 10 years. The growth capital will give Paladion management the needed boost to execute on their aggressive market expansion plans, develop cutting edge security intelligence technologies and building a comprehensive cloud security services platform.
Paladion’s CEO Rajat Mohanty shares,
We intend to bring a ‘futuristic security intelligence platform’ to the market around internet of things. Information security market is entering an exciting phase and we aim to bring a host of new offerings and value to the market. The confidence showed by Mr. N.S. Raghavan is a big morale booster. It is a great opportunity for us to fully leverage the collective business acumen of the Nadathur Group and become a global technology player in security intelligence and cloud platforms.
Following the Investment, N.S. Raghavan, said,
Nadathur invested in Paladion at the very beginning when it was just a startup operating in India. Over the years, it has expanded its offices to 12 countries world-wide and has become a leading player in its field, recognized and appreciated by industry stakeholders. We like the area of information security, which is engaging the attention of the boards of several global corporations. More importantly, we liked the 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. It is an association we are proud of and believe will lead to great things.
Internet risk security space is slowly maturing and Indian players are going global with their products and services. We hope to see major combat in this space.