Lakhshya Cyber Security Labs is now a Zacco Company
Updated: May 3, 2019
Lakhshya will now serve as the cybersecurity R&D Centre of Excellence for the 150-year-old Zacco, which is based in Stockholm.
We will focus on developing state-of-the-art solutions and services in the area of malware analysis, threat hunting and intelligence, managed security operations center monitoring and response, security incident investigation, breach response support, smart city security, devsecops, and smart grid security, leveraging its capability in artificial intelligence, and machine learning.
On the acquisition, Mats Boström, CEO, Zacco Group, said,
“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. India is today a world-leading hub for advanced digital technology. Lakhshya is adding unique expertise to our current R&D Centre in Bengaluru and we are very glad to welcome Pradeep Menon and his team to Zacco.”
Speaking of the acquisition, Ravi Sunderrajan, Managing Director, Zacco India R&D, says,
“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.”
Pradeep Menon, Chief Officer Lakhshya, says,
Lakhshya team, powered by Zacco, will now look forward to influence and transform the cybersecurity strategies and operations of organisations globally. Zacco’s 360-degree protection of digital assets is in perfect synergy with our vision of digital asset protection for tomorrow’s organisations. This opportunity enables us to rapidly accelerate our research and development initiatives, expand our 24x7 managed services offerings, build new competencies and solutions, and become a cybersecurity R&D Centre of Excellence for Zacco.
You can read the entire press release here.