Merger & Acquisition

Europe’s Largest IP Firm Zacco Acquires Coimbatore-based Lakhshya Cybersecurity Labs

0
Europe's Largest IP Firm Zacco Acquires Coimbatore-based Lakhshya Cybersecurity Labs

Zacco, one of Europe’s largest intellectual property (IP) firms, has acquired Coimbatore, India-based Lakhshya Cybersecurity Labs, a cybersecurity research and consulting services startup, for an undisclosed amount. The acquisition would help the Copenhagen-based Zacco in establishing a global Cybersecurity Centre in India.

“India is today a global hub for advanced digital technology. Lakhshya is adding unique expertise to our current R&D centre in Bengaluru,” said Mats Boström, CEO, Zacco Group. “In the digitalised world, cybercrime and digital threats are unfortunately an increasing challenge for many organisations and individuals. Data, algorithms and all types of digital technology are today significant intellectual property and strategic assets,” said Bostrom.

Lakhshya Labs was founded by Premchand Kurup and Pradeep Menon in 2017

Over the past 2 years, Lakhshya has built considerable experience in niche areas of cybersecurity such as malware analysis, cyber breach investigation, red teaming and Devsecops. Premchand Kurup, CEO of Paramount Computer Systems and one of the founders of Lakhshya Labs says, “This combination will be able to add significant expertise and value to Zacco and enable the combined entity to address clients’ Digital Asset Protection in a holistic manner.”

Zacco India R&D Centre started 15 months ago and is now more than 100 employees. “This acquisition is an exciting & proud moment for all of us at Zacco India. We will integrate Lakhshya into our cybersecurity division and enhance our current offerings. We will also use Lakhshya research labs to innovate new offerings in the intellectual property space.” Ravi Sunderrajan – MD, Zacco India R&D.

Lakhshya Labs will add a team of more than 40 professionals with expertise across banking, financial services and insurance, aviation, government, automotive, manufacturing and trading verticals with real time 24/7 monitoring services through its SOC facility. Pradeep Menon, who is the current Chief Officer at Lakhshya Labs, will continue as Chief Officer post acquisition. “In a short span, Lakhshya Cybersecurity Labs had established itself as a renowned cybersecurity research and development company serving global clientele with cutting edge offerings. Powered by Zacco, we now look forward to influencing and transforming the cybersecurity strategies and operations of organizations globally. This opportunity enables us to rapidly accelerate our research and development initiatives, build new competencies and solutions and become a cybersecurity research and development Centre of Excellence for Zacco in India.” Pradeep Menon – Chief Officer, Lakhshya Cybersecurity Labs.

Via ~ Prime Time | Source – Zacco

Like this content? Sign up for our daily newsletter to get latest updates.

Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

B2B Payments Startup EnKash Raises $3 Mn in Series A from Mayfield India and Axilor Ventures

Previous article

India Soon to have Single Data Repository for All Available Public Data

Next article

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.