Orient Technologies Expands Cybersecurity Business with $3.15M Securonix Contract, Totaling $5M Investment
Orient Technologies inks a 3-year, $3.15 million contract with Securonix, expanding its cybersecurity business. Total investment to reach $5 million, aiming to hire 100 professionals and grow customer base by 12%. Orient will be Securonix's exclusive VAD and go-to-market partner in India.
The expansion into cybersecurity with a new contract and investment is a strategic move that could positively impact the company's revenue and market position, but it is not a core financial result release.
The announcement details a significant expansion of the company's cybersecurity business through a new contract and substantial investment, indicating positive growth prospects.
Orient Technologies Limited has announced a significant expansion of its cybersecurity business through a three-year contract with Securonix, valued at USD 3.15 million. This collaboration includes additional planned investments, bringing the total investment to approximately USD 5 million over the expansion period. Under this enhanced partnership, Orient Technologies will serve as Securonix's exclusive Value-Added Distributor (VAD) and joint go-to-market partner in India. The company will also build capabilities in implementation, professional services, technical support, managed security, and SOC enablement.
The expanded mandate will leverage Orient Technologies' experience as a Securonix Managed Security Service Provider (MSSP) to lead distribution and joint go-to-market initiatives in India. This initiative aims to support enterprise deployments and integrations, creating an end-to-end cybersecurity model. The expansion includes plans to hire approximately 100 cybersecurity professionals and achieve a targeted 12% growth in its customer base.
Ajay Sawant, Chairman & Managing Director of Orient Technologies, stated that this partnership signifies the next stage in the company's cybersecurity journey, evolving from a managed security relationship to a broader engagement. Toby Weiss, CEO of Securonix, highlighted that the partnership provides Indian customers with access to Securonix technology and local expertise for effective deployment and integration. The collaboration also extends to sales in the United States. Orient Technologies offers a portfolio including Cybersecurity, Cloud Services, Digital Transformation, and more, serving various sectors like banking, pharmaceuticals, and manufacturing.
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Orient Technologies Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Technologies Limited. Read the original for the full detail.