Bezons-based global information technology provider Atos has reportedly announced the acquisition of Paladion, a Managed Security Services provider headquartered in the U.S. This collaboration will enable Atos to gain access to Paladion’s Managed Detection and Response Capabilities and bolster the creation of its next generation Prescriptive Security Operations Center.
Sources claim that this move will further cause Paladion Services Security Centers located in the U.S., India, and Middle East to enter the broad network of Atos’ global Security Operations Centers. Atos’ unique go-to-market feature will also be beneficial for Paladion and will improve Atos’ ability for delivering globally at a competitive cost.
For the uninitiated, Paladion Networks was founded in 2000 and has its headquarters in Reston, Virginia. The company has a global workforce of more than 800 employees with its 2019 turnover being more than $29 million. Paladion is known for combining cyber security specialists with its proprietary MDR platform and Security Operations Centers to ensure the delivery of faster security outcomes.
According to the Head of Big Data and Cybersecurity at Atos, Pierre Barnabe, Atos was in search of the right asset for entering the highly competitive Managed Detection and Response market. He has also stated that Paladion’s cloud-native technology will serve as an asset to Atos’ expansion strategies in the areas of cybersecurity and cloud solutions further providing customers with expedited business transformation. The company is truly customer centric and has peak customer retention which aligns with Atos’ values, added Barnabe.
The CEO of Paladion, Rajat Mohanty, has stated that this acquisition, as an industry-defining deal, merges Atos’ scale and resources in Managed Security Services with Paladion’s Managed Detection and Response technology. He has further stated that Paladion is excited to work with Atos and jointly emerge as the most chosen cybersecurity provider catering to the digital needs of global organizations.
The transaction is expected to be concluded in the last quarter of 2020.