Europe’s intellectual property firm Zacco has acquired Lakhshya Cybersecurity Labs, India-based cybersecurity research and consulting services company for an undisclosed amount. The acquisition is part of Zacco’s plan of expanding its presence in the South Asian market.
“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 Cybersecurity Labs has witnessed unprecedented growth in the last two years, thanks to its prowess in areas like malware analysis, cyber breach investigation, red teaming, and several other vectors of cyber threat analysis. “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,” said Premchand Kurup, co-founder at Lakshya Labs, who is also the CEO of Paramount Computer Systems.
Lakshya would be integrated into Zacco’s cybersecurity division to enhance its current services. “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. This combination will be able to add significant value to Zacco, and enable the combined entity to address the clients’ Digital Asset Protection in a holistic manner. We plan to grow this team significantly over time, and will continue to build on our existing offerings, both organically and inorganically,” Ravi Sunderrajan, Managing Director, Zacco India R&D said.