-2.65 (-1.19%) Quick Heal Technologies has signed a definitive agreement to invest $2 million in L7 Defense. L7 is an Israel based cybersecurity start-up specializing in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF). The company had invested $300k in L7 Defense in the previous financial year. Since Quick Heal’s previous investment, L7 Defense has acquired customers in financial, telecom and IT industries across US and Europe. Moreover, the investment enables strategic alignments between both the companies for Quick Heal Technologies to expand its range of enterprise solutions under the ‘Seqrite’ umbrella and introduce L7’s flagship products in market stronghold of India as well as other regions in APAC and EMEA.
Quick Heal Technologies is leading provider of Internet Security tools and is a leader in antivirus Technology in India. Quick Heal Technologies was founded in 1993 and has been actively involved in Research and Development of antivirus software since then.