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Paladion receives $10-mn funding from Nadathur Holdings

Our Bureau Mumbai | Updated on June 18, 2014 Published on June 18, 2014

Information risk management firm Paladion has received funding of $10 million from Nadathur Holdings, an investment firm promoted by Infosys co-founder NS Raghavan.

News reports indicate that Nadathur would have majority stake in the Bangalore-headquartered company post the fund infusion.

In 2001 Paladion had raised seed capital of $5 million from Nadathur. The 13-year-old Paladion has an annual revenue run rate of $35 million, according to a press statement.

Cross-border investment firm O3 Capital was the advisor to the deal. The worldwide market for security software is estimated at $20 billion.

Published on June 18, 2014
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