Accel Limited invests in Cyber Security Company Secure Inteli Technologies Pvt Ltd

Accel Limited, the BSE listed, Chennai headquartered, IT services company has announced that the company has acquired 26% stake in Secure Inteli Technologies Pvt Ltd (formerly Biz Carta Technologies), a leading cyber security consulting and services company based in Bangalore with operations and customers in USA, Singapore, and Australia.

The board meeting held today took on record the transaction. This strategic investment is in line with the company's stated objective of expanding its IT security services portfolio to offer end to end Cyber Security solutions to it's customers. The company will be setting up a Global Security Operations Centre in Thiruvananthapuram as part of it's expansion plan.

N R Panicker, Chairman and Managing Director of Accel Group stated that the strategic relationship between both organizations would bring out the best-of-breed technology capabilities to power the state-of-the-art Global Cyber Intelligence Centre supervised 24/7 by industry best security experts who monitor deep, dark and surface web for cyber-attacks on businesses and protect against adversaries. SECUREINTELI has designed and deployed proprietary next-generation software platforms to provide advanced managed cyber security services from its Global Cyber Intelligence Centre.

Pradeep Kumar, Founder, Managing Director and Mr Ramkrishna Roy, Co-Founder CTO, stated that the SECUREINTELI team is committed to establishing a secure digital foundation for every SECUREINTELI customer; helping them to embark on digital innovation boldly. SECUREINTELI aspires to become a global player in cyber security consulting services by providing high-quality cyber-security services . We are excited to be part of Accel group who could take our solutions and services to it's large customer base.

Shares of Accel Ltd was last trading in BSE at Rs. 27.80 as compared to the previous close of Rs. 27.65. The total number of shares traded during the day was 57992 in over 221 trades.

The stock hit an intraday high of Rs. 28.55 and intraday low of 26.65. The net turnover during the day was Rs. 1618045.00.

Source : Equity Bulls

Keywords

Accel INE258C01038 Investment SecureInteliTechnologies