eMudhra Acquires 51% of US-primarily based Ikon Tech Expert services LLC By means of Its US Subsidiary

eMudhra Acquires 51% of US-primarily based Ikon Tech Expert services LLC By means of Its US Subsidiary

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eMudhra Acquires 51% of US-based Ikon Tech Services LLC Through Its US Subsidiary

eMudhra Announces 51% Acquisition of Ikon Tech Services LLC, Usa By means of Its Wholly Owned Subsidiary Emudhra Inc, USA 

The acquisition to reinforce eMudhra’s existence and positioning in the US marketplace

eMudhra Restricted (BSE: 543533 NSE: EMUDHRA) now announced that it has entered into a definitive arrangement to get 51% of Ikon Tech Expert services LLC, Texas, Usa, by its wholly owned subsidiary eMudhra Inc, United states of america.

Ikon Tech is a technology corporation in Houston Texas, United states, specialising in digital transformation and cyber protection and has been in operation since 2012 and is in the small business of furnishing consulting, solutioning and engineering solutions in cybersecurity, digital transformation with an field target of Economical Expert services, Federal government, Health care and Oil and Gas. Its revenue from electronic transformation and cyber protection companies for the duration of the yr ended December 31, 2022, amounted to USD 6.7 million.

eMudhra has been in the digital have confidence in, electronic safety and electronic transformation house for the past 14 many years. Over the several years, eMudhra has set up a sturdy footprint in India and emerging marketplaces with marquee reference clients. eMudhra’s ambition to improve to the next stage will depend on increasing into developed marketplaces especially the US which is the premier program market in the globe. This in switch will rely on our capability to show an initial established of reference clients, our ability to hire talent to push consumer relationship management, our skill to provide neighborhood help to make certain streamlined shipping and delivery in US.

Considering the fact that Ikon Tech has been in existence for the previous 10 decades and is engaged in electronic transformation and cyber protection relevant IT organization, (similar line as eMudhra) acquisition of Ikon Tech will give:

  1. Revenue base in Usa
  2. Original set of reference customers
  3. Expertise to travel customer engagement.
  4. Area guidance to make certain streamlined shipping.

Further, scale and reference clients in the US will present strong believability when we go after other produced/emerging marketplaces.

Mr. V Srinivasan, Government Chairman, eMudhra Constrained, stated, “The world-wide modern society is integrating a lot more and far more as a result of digital medium. Paperless digital transformation and cyber protection have grow to be key requires in these types of built-in digital society. eMudhra catering to such needs has observed business primary growths in Indian and other rising markets. eMudhra has also not too long ago forayed into the developed marketplaces these kinds of as US. To cater to its growth features in US, eMudhra proposes to get 51% of Ikon Tech. This acquisition is anticipated to accelerate eMudhra’s penetration in the US sector. Put together with eMudhra’s product range and Ikon Tech’s remedies and services capabilities, I am absolutely sure that we will deliver unparalleled price to our buyers as they pursue their electronic journey.

Mr. Suresh Kathamreddy, President, Ikon Tech said, “Although considering strategic alternatives, we discovered that eMudhra’s administration shares a common strategic vision as Ikon Tech. Even more, in eMudhra, we discovered a strong conviction for driving shopper success by way of innovation. We are self-confident of using eMudhra’s solutions to our shopper foundation and help eMudhra in its solutioning and help abilities. I am actually fired up about the alternatives of what we can do alongside one another.”

About eMudhra

eMudhra is a world wide firm aimed at empowering secure digital transformation by giving have confidence in expert services and establishing alternatives all-around id, authentication and digital signatures. eMudhra is a international rely on services provider and major certifying authority in India acquiring managed above 60 million electronic identities. eMudhra is a Board Member of the Cloud Signature Consortium, Chair of the Asia PKI Consortium and is a principal member of the CA/Browser Forum.

eMudhra has a strong marquee customer record which include Fortune 100 purchasers, and above 800+ large enterprises who use its solutions and answers for their protected digital transformation initiatives. eMudhra has about 800 workers in workplaces across 7 international locations serving customers in in excess of 20 nations.



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