Bangalore startup iViz acquired by US company
BANGALORE/NEW
DELHI: US-based software security firm Cigital has acquired
Bangalore-based iViz Security. The companies did not disclose the size
of the transaction.
Venture capital firm IDG Ventures-backed iViz Security is a provider of cloud-based application security testing. "iViz has been growing steadily," said co-founder Bikash Barai. "We grew by 57% last year and we achieved cash flow breakeven in late 2012. However, in order to realize our vision of being one of the top three players in our segment, we needed to grow at a much faster pace. Cigital has complementary market reach and technologies that can help iViz to realize its dream," he said.
IITians Barai and Nilanjan De founded the company in 2006. It's now a 60-member team, providing on-demand scheduling of tests with a comprehensive analytics dashboard to view test results and gauge each organization's security posture.
Post the acquisition, iViz will become a wholly-owned subsidiary of Cigital. Barai will continue as its CEO and he will join the Cigital Board, while De will drive technology development. iViz has around 500 customers including ING, Flipkart and NSDL, with 70% of revenues coming from the US and Europe.
Venture capital firm IDG Ventures-backed iViz Security is a provider of cloud-based application security testing. "iViz has been growing steadily," said co-founder Bikash Barai. "We grew by 57% last year and we achieved cash flow breakeven in late 2012. However, in order to realize our vision of being one of the top three players in our segment, we needed to grow at a much faster pace. Cigital has complementary market reach and technologies that can help iViz to realize its dream," he said.
IITians Barai and Nilanjan De founded the company in 2006. It's now a 60-member team, providing on-demand scheduling of tests with a comprehensive analytics dashboard to view test results and gauge each organization's security posture.
Post the acquisition, iViz will become a wholly-owned subsidiary of Cigital. Barai will continue as its CEO and he will join the Cigital Board, while De will drive technology development. iViz has around 500 customers including ING, Flipkart and NSDL, with 70% of revenues coming from the US and Europe.
You Need any soft-skills Training with placement just contact us Contact number : 8904762432. Website: www.moxiestars.com. Facebook:https://www.facebook.com/moxiestarssolutions. LinkedIn : Moxiestars. Email: info@moxiestrars.com.
For Insurance :8904762432.
Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.
.
0 comments:
Post a Comment