tech-security

Security apps and software firm Quick Heal entered the cyber security consulting space by acquiring Junco Technologies, an information security, cyber intelligence and IT consulting firm. Rohit Srivastwa, the founder of Junco Technologies will join Quickheal and lead its newly formed Seqrite Services cyber security consulting division. The amount paid for the acquisition has not been disclosed.

The consulting division Seqrite services will be a part of Quickheal’s Seqrite enterprise security brand, and will provide managed security services including cyber audit and cyber forensic, security consulting and Security Operations Centre (SoC) to Eneterprises and government organisations. Seqrite was launched in 2015 and claims to have over 25,000 customers.

Quick Heal Technologies, with a registered office in Pune, claims to have more than 24.5 million licenses of Quick Heal’s products installed and over 7.1 million active licenses spread across more than 80 countries. It claims to have a network of over 20,000 channel partners as on 31st March 2016. The company conducts its sales and marketing activities out of 64 offices and warehouses across 36 cities in India and, through its subsidiaries present in Japan, Dubai, the USA and Kenya.

Financials: According to the company’s draft red herring prospectus, Quick Heal reported a revenue of Rs 292.5 crore, compared with Rs 253.7 crore the previous year. It reported a profit of Rs 56 crore in 2014-15 as compared to Rs 61.5 crore a year ago.

Also read: An overview of India’s cyber security agencies