Quick Heal invests Rs 2 crore in Singapore start-up

Quick Heal Technologies Limited has made a strategic investment of Rs 2 crore in Singapore-based start-up namely, Ray Pte Ltd, which specialises in the next generation networking and wireless technology.

The investment will enable Ray to tap into Quick Heal’s expertise in the technology landscape for developing an integrated solution, designed to protect IoT devices in enterprise and consumer segments from the next wave of cyber attacks.

Incorporated in the year 2019, Ray’s flagship product ‘Rayos’ is an open, secure, cloud native, extensible operating system with an ecosystem of applications that leverage the underlying hardware in order to create unlimited use cases.

Before this, Quick Heal had also invested USD 3,00,000 in Israel-based L7 Defense. This shows the company’s undying efforts to invest in disruptive technologies that aim to shape the future of cyber security by supporting innovative startups.

Quick Heal Technologies Limited is one of the leading providers of IT security and data protection solutions, having an evolving global presence, with a strong footprint in India. It is an all-round player in cyber security with presence in B2B, B2G and B2C segments across multiple product categories i.e. endpoints, network, data and mobility.

However, on Friday, the stock of Quick Heal reacted negatively in the early morning session. It opened gap-down 6.9 per cent at Rs 107.75 from its previous close of Rs 115.70 and further dipped to Rs 104.