Managed Detection and Response: NSEIT Buys India’s Aujas Networks

NSEIT, a National Stock Exchange of India subsidiary, has acquired MSSP and managed detection and response (MDR) company Aujas Networks for an undisclosed sum.

NSEIT will scale Aujas' services and capabilities so it can help organizations address IT security challenges, according to the company. In addition, Aujas co-founder and COO Sameer Shelke has been named the company's CEO, and co-founder Srinivas Rao will serve as a mentor.

Aujas: Here's What You Need to Know

Aujas is a pure-play cybersecurity company that offers the following managed security services:

Furthermore, Aujas offers cybersecurity strategy and transformation, identity and access management (IAM), software security engineering and third-party risk assessment services. It also has more than 380 employees who help protect over 1.2 billion identities.

What Does the Future Hold for India's Cybersecurity Market?

India's cybersecurity market is projected to expand at a compound annual growth rate (CAGR) of 19 percent between 2013 and 2023, according to industry analyst TechSci Research. Meanwhile, some MSSPs have already taken steps to offer security services in India.

BT, a Top 100 MSSP, in July opened an SOC in Gurugram, India. The SOC is backed by 100 cybersecurity specialists and offers penetration testing, threat assessments and other security services.

Also, Indian MSSP Tech Mahindra in April integrated LookingGlass Cyber Solutions threat intelligence capabilities into its Advanced Threat Management Services offering. The integration allows Tech Mahindra to provide LookingGlass' Threat Intelligence-as-a-Service solutions to global customers across the telecommunications, healthcare, retail, banking and finance and travel and hospitality industries.