Nadathur invests $10m in Indian risk management provider

According to LiveMint, the transaction will give Nadathur - the investment company set up by Infosys co-founder N.S. Raghavan - a controlling stake in the business.

Paladion was set up in Mumbai in 2001 with eight people and $500,000 in seed capital. Raghavan was among its early backers.

The company builds products for cyber security and information risk management. It specializes in security assurance, compliance, governance, monitoring, security analytics and security management services for large and medium-sized organizations in Asia and the US.

Today Paladion claims to have over 700 customers and generates annual revenues of $35 million. It employs more than 680 people globally. The business will use the new capital to expand its market, develop new security technologies, and build a cloud security services platform.

"We like the area of information security, which is critical and engaging the attention of the boards of several global corporations. More importantly, we liked Paladion's value systems, technology expertise and the way they have carefully used their finances in the past," Raghavan said.

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• Topics
• South Asia
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• Early-stage
• India
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