eMudhra Ltd.

BSE: 543533 | NSE: EMUDHRA
Small Cap | IT - Software
548.15
-6.40 (-1.15%)
< Home < Back

eMudhra completes acquisition of 51% stake in Ikon Tech Services LLC

Date: 26-06-2023

eMudhra through its wholly owned subsidiary -- eMudhra Inc, USA  has completed the acquisition of 51% interest in Ikon Tech Services LLC, USA. Ikon Tech is a technology company in Houston Texas, USA, specialising in digital transformation and cyber security and has been in operation since 2012 and is in the business of providing consulting, solutioning and technology services in cybersecurity, digital transformation with an industry focus of Financial Services, Government, Healthcare and Oil and Gas. Its revenue from digital transformation and cyber security services during the year ended December 31, 2022, amounted to $6.7 million.  Earlier, the company had entered into a definitive agreement for said transaction. 

eMudhra is engaged in digital trust services and enterprise solutions to individuals and organisations functioning in various industries. It is a 'one-stop shop' player in secure digital transformation and provides a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions.