Quick Heal acquires Junco Technologies to enter into cybersecurity market

India: Quick Heal Technologies, a leading Indian IT security solution provider has acquired Junco Technologies to open a cybersecurity consulting and Quick Heal Academy under the ‘Seqrite Services’ division. The aim of the academy to provide cybersecurity educational programs across the globe.

Seqrite, an enterprise business of Quick Heal would be taking the lead to provide cybersecurity consulting and Quick Heal academy under the name of Seqrite Services.

Further, this service will be headed by the founder of Junco Technologies, Rohit Srivastwa and the Quick Heal Academy would be managed by Vishal Kumar, a cyberlaw specialist.

TechSci Research analyses with the increasing organized cyber-attacks, growing digitalization, and the dearth of cybersecurity talent worldwide, the acquisition of Junco Technologies by Quick Heal expected to enhance the revenue share in the market. Also, Quick Heal Academy would generate an additional revenue as well support in developing the human resource ecosystem for the market.

A global market research and consulting firm, TechSci Research depicts that Cyber security market is one of the fastest growing markets in the global IT security sector. Rising average per capita cost of data breach is a major factor propelling investments by the private companies to strengthen their network security. Implementation of stringent government regulations along with augmented government as well as private sector spending towards ensuring cyber security and developing skilled human resources is fueling the adoption of advanced cyber security solutions such as Next-Generation Firewall (NGFW), Unified Threat Management, Intrusion Detection System/Intrusion Prevention System, Security Information & Event Management, etc., globally. A recent report published by TechSci Research, “Global Cyber Security Market By Security Type (Network Security, Content Security, etc.), By Solutions (Identity & Access Management, Risk & Compliance Management, etc.), By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, discusses that the global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years.