Asia’s leading provider of information risk management solutions and services, Paladion has closed a growth capital funding totaling $10 million from Nadathur Holdings, an investment firm under Infosys’ Mr. N.S. Raghavan.
This capital will above all be used for a triumvirate of purposes- en route for augmenting Paladion’s cyber security intelligence platform besides building a comprehensive cloud security services platform as well as worldwide expansion of multiple Security Operation Centres (SOC).
On record, it was in 2001 Paladion had raised seed capital of 0.5 million USD from Nadathur Holdings. Leveraging that early investment, 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 $35 million.
O3 capital, a leading cross-border investment firm has advised on the deal. Braced 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 from its barrio has familiarized several innovative cyber security & information risk management initiatives over the last decade. Recent successes here takes account of a big data solution aimed at enterprise security intelligence and advanced cyber threat protection managed service driven by security analytics. By way of Cyber Security and Information Risk Management becoming a key board agenda item, the global market is slated to witness growth multifold in excess of the next 10 years.
The Company claims that the growth capital will lend Paladion management the required boost to execute on their aggressive market expansion plans, develop cutting edge security intelligence technologies and building a comprehensive cloud Paladion security services platform.
According to Rajat Mohanty, CEO, Paladion, “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”.
He informed that – “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”.
As stated by Mr. N.S. Raghavan, Nadathur Holding, “Nadathur invested in Paladion at the very beginning, when it was just a start-up 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 will lead to great things.”