Acquisition to Accelerate the Growth and Delivery of Cybersecurity services and platforms globally.
Mumbai, March 22, 2019: NSEIT, a wholly owned subsidiary of NSE, today announced acquisition of a global cybersecurity company, Aujas Networks Limited (Aujas) to further strengthen its cybersecurity offerings. NSEIT will help Aujas scale its services and capabilities, with a strong focus on helping customers stay ahead of IT security challenges. Aujas founded in 2008, provides information security consulting and IT risk management services with operations in India, Middle East and North America. Aujas has 400 skilled cybersecurity professionals and over 390 customers globally. The service portfolio includes Information risk advisory, identity & access management, threat management and security analytics.
NSEIT provides a range of information technology services to the exchange ecosystem, banking, financial service and insurance (BFSI) for close to two decades and is constantly growing its offering in the digital, analytics and cybersecurity space. Today’s acquisition will help NSEIT provide globally benchmarked cybersecurity offering to enterprises, including cybersecurity assessments, risk management, cutting edge security product implementation and security monitoring & response.
Mr. Vikram Limaye, MD & CEO, NSE said, “NSE has played a transformative role in Indian capital markets. NSE is constantly looking for opportunities to further strengthen and secure the capital market ecosystem. Cybersecurity is key to secure the exchange ecosystem and BFSI. Towards this, NSE Group aims to setup the requisite security infrastructure to continue the transformative drive.”
Mr. N Muralidharan, CEO & MD, NSEIT said, “The combination with Aujas helps us offer next generation cybersecurity services and platforms to address emerging security threats. NSEIT and Aujas will focus on offering market leading solutions to customers globally. Aujas is a perfect fit due to its expertise in cybersecurity transformation services, strong team, and global customers.”
Mr. Sameer Shelke, CEO, Aujas said, “Aujas is now a significant company in the cybersecurity market, working with organizations globally to build and transform their security strategies and controls. Aligning to the NSE Group would enable us to accelerate growth in newer competencies and enhance opportunities for our fantastic team.”
Aujas will continue to be led by the current management team, Mr. Sameer Shelke will lead Aujas as its Chief Executive Officer, while Mr. Srinivas Rao will serve as Mentor. Financial terms of the private transaction were not disclosed. DCS Advisory India was the exclusive financial advisor for Aujas and its shareholders. Samvād: Partners acted as the legal advisor for Aujas, while Vaish Associates acted as the legal advisor for NSEIT.
NSEIT is a leading technology firm with focus on capital market ecosystem, banking and insurance. We offer a range of digital, analytics, automation, cybersecurity and technology enabled services. We are a 100% subsidiary of National Stock Exchange of India. We have been assessed at Maturity Level 5 in Capability Maturity Model Integration for Development (CMMI® – DEV) and certified for ISO 9001:2015 and ISO 27001:2013 for our information security management systems.
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to December 2018, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients. For more information, please visit: www.nseindia.com