Reston security firm acquired by French company
Atos buys Paladion, transaction price not disclosed
Reston-based managed security firm Paladion will be acquired by Bezons, France-based information technology company Atos.
A transaction amount was not disclosed.
“We found with Paladion a mature team and advanced technology built to deliver outcomes and reduce customers risks,” Pierre Barnabé, Atos senior executive vice president and head of big data and cybersecurity, said in a statement. “Their cloud-native technology will be an asset for our expansion strategies in cybersecurity and cloud solutions, providing our customers with accelerated business transformation.”
Paladion offers managed detection and response services to more than 400 clients across 12 countries. It uses artificial intelligence technology for threat anticipation, detection and response. Atos focuses on research and development of AI and threat and risk-based analytics.
“We believe this is an industry-defining deal, combining the scale and resources of Atos in managed security services with Paladion’s cloud-delivered managed detection and response technology,” Paladion CEO Rajat Mohanty said in a statement. “We are excited to join forces with Atos and together become the cybersecurity provider of choice for global organizations in their digital journey.”
Founded in 2000 by Mohanty, the company employs more than 800 and reported more than $29 million in sales last year. Atos, a publicly traded company, reported sales of 11.5 billion euro, or $12.9 billion, in 2019.