NSEIT acquires cyber security company Aujas

NSEIT, the IT services focused subsidiary of the National Stock Exchange has acquired Aujas Networks Ltd., a company which provides information security consulting and IT risk management services.

Founded in 2008, Aujas has operations in India, the Middle East and North America. It employs about 400 cyber security professionals and has over 390 customers globally. The service portfolio includes information risk advisory, identity & access management, threat management and security analytics.

NSEIT currently provides technology solutions across industries such as capital markets, financial markets, banking and insurance. It also provides services relating to algorithmic trading (ultralow latency system), order management system exchange connectivity, Pre-trade and post-trade risk management, regulatory and compliance management, surveillance, exchange adapters, exchange simulator, and mobile trading.

According to data from Crunchbase, Aujas has raised $11 million since 2008 from a slew of early stage venture capital funds in India, including Chiratae Ventures (then known as IDG Ventures), IvyCap Ventures and Rajasthan Venture Capital fund. Aujas last raised $5.4 million from the 3 investors in 2013.

PayPal to buy Simility

Digital Payments platform PayPal Holdings Inc. signed a deal to acquire Palo Alto based Simility Inc., fraud prevention and risk management platform, for $120 Million in cash. The acquisition will allow PayPal to roll out new fraud prevention features to merchants.

Features such as fraudulent payment activity prevention, risk management and transaction verification will soon be introduced on the merchant’s online dashboard. PayPal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years and now merchants will be able to configure those solutions to manage the unique complexities of their businesses.

Simility, which was founded in 2014, has raised more than $20 million till date from Accel Partners and California-based investors, including Trinity Ventures and The Valley Fund. It caters to clients in banking and financial services, online marketplaces and classifieds, payment services providers, and e-commerce among others.

PayPal, which had launched its domestic operations in India in November 2017, offers payments products to both consumers and businesses. It also made an investment in Noida-based digital retail payment platform Pine Labs in May this year in a $125 million round.