New Delhi, Jun 24 (PTI) IT company Atos on Wednesday said it will acquire Paladion, a US-based global provider of managed security services, to strengthen its global cybersecurity services.

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This acquisition will bring managed detection and response (MDR) capabilities to the Atos portfolio and create the next generation of Atos' prescriptive security operations center offering, a statement said without revealing the acquisition amount.

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"The Paladion Security Delivery centers in the US, the Middle East and India will join the wide network of Atos global Security Operations Centers (SOCs) and benefit from Atos' unique go-to-market, while strengthening Atos' position in key growing markets and its ability to deliver at a competitive cost globally," it added.

Paladion delivers services to over 400 clients in 12 countries. Founded in 2000, Paladion is headquartered in the US and led by CEO Rajat Mohanty. It has more than 800 employees and cybersecurity experts worldwide with more than USD 29 million (around Rs 219 crore) turnover in 2019.

"Their cloud-native technology will be an asset for our expansion strategies in cybersecurity and cloud solutions, providing our customers with accelerated business transformation. Paladion is truly customer-centric and displays extremely high customer retention, which is in line with Atos' values," Pierre Barnabé, Senior Executive Vice-President, Head of Big Data and Cybersecurity at Atos, said.

The closing of the transaction is expected to take place in the fourth quarter of 2020.

"We believe this is an industry-defining deal, combining the scale and resources of Atos in managed security services with Paladion's cloud-delivered managed detection and response technology. We are excited to join forces with Atos and together become the cybersecurity provider of choice for global organizations in their digital journey," Mohanty said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)