It has been reported that IT security solutions provider Quick Heal could soon enter the IoT (Internet of Things), encryption and cloud security market. The company has expressed plans to acquire companies which function in these domains. The company also launched its IPO in February 2015 and raised about ₹451.3 crore.
In a conversation with BusinessLine, Sanjay Katkar, Managing Director and CTO, Quick Heal Technologies, said:
We are looking for acquisitions in the areas of cloud as well as encryption.
We are planning to add next-gen products. Currently, we are in talks with a couple of global companies.
The company says that cloud and encryption are rapidly growing markets within the security domain. This is due to the fast adoption of cloud services in spite of their own set of security challenges. Encryption is also being adopted by companies to securely transfer sensitive documents.
Our endeavour is to add more and more features into our enterprise products and focus on new areas in terms of R&D.
We will be investing a lot on cloud security and encryption as these will be part of our existing products as well.