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.
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