ASM Technologies partners with Netherlands-based EclecticIQ for new Cybersecurity Managed Services offering

ASM Technologies Ltd (BSE: ASMLTD), a global Engineering services provider, today announced a significant Managed Service Provider (MSP) Agreement with the Netherlands-based EclecticIQ, a world leading threat intelligence, hunting and response technology company, for EclecticIQ Endpoint Response, an Endpoint Detection & Response (EDR) technology. This enables ASM Technologies to foray into the Cybersecurity Managed Services space with a robust new EDR offering.

Commenting on the development, Mr. Rabindra Srikantan, Managing Director, ASM Technologies Ltd. said, "This is another feather in the cap for the continuous growth journey of ASM Technologies and our constant endeavour to stay ahead of the technology curve in the best interests of our clients. EclecticIQ has done phenomenal work in the cybersecurity space in a very short span of time and it gives me great pleasure and a sense of pride in partnering with them. I am sure that through this partnership our customers will greatly benefit by being able to comprehensively pre-empt and neutralise any threat to their network security and thereby ensuring crucial business continuity."

Also sharing his views on the Agreement was Mr. Joep Gommers, Founder & CEO, EclecticIQ, when he shared, "Endpoint security is today a business imperative for organizations and one of the fastest growing services in the cyber security space, particularly given the advancement, frequency and scale of cyberattacks happening around the world. We are excited to partner with ASM Technologies in the space and are confident that given their vast global credentials and experience in Engineering and Technology security services, together we will deliver this game-changing capability to new customers."

The new offering promises to be complementary to the product engineering services offering in the Security domain, which ASM has been associated for several years.

"Endpoint Assessment" is the need of the hour for every business. This assessment helps customers unearth risks that have remained invisible to the existing toolsets & customer support staff by providing deep visibility into organization's endpoint network, and the deviation each endpoint has from a desired and secure baseline profile. It assists customers to understand both the business and technical risks that should be prioritized for mitigation and treatment. Thus it helps customers getting ready to deal with any possible cyber security incident.

Shares of ASM TECHNOLOGIES LTD. was last trading in BSE at Rs.137.1 as compared to the previous close of Rs. 142.5. The total number of shares traded during the day was 14807 in over 293 trades.

The stock hit an intraday high of Rs. 144.05 and intraday low of 135.4. The net turnover during the day was Rs. 2040161.

Source : Equity Bulls

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