Zacco, an Intellectual Property firms has acquired Lakhshya Cybersecurity Labs – a highly specialised cybersecurity research and consulting services company based in India. The acquisition is an important step for Zacco in establishing a global Cybersecurity Centre in India.
“In the digitalized world, cybercrime and digital threats are unfortunately an increasing challenge for many organizations and individuals. Data, algorithms and all types of digital technology are today significant Intellectual Property and Strategic Assets. India is today a world-leading hub for advanced digital technology. Lakhshya is adding unique expertise to our current R&D Centre in Bangalore and we are very glad to welcome Pradeep Menon and his team to Zacco.” Mats Boström – CEO, Zacco Group.
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.