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3i Infotech Inc., USA Makes Strategic Investments in Exium to Deliver 5G Capable SASE Solutions for Enterprises

Posted On : 2022-04-27 10:16:35( TIMEZONE : IST )

3i Infotech Inc., USA Makes Strategic Investments in Exium to Deliver 5G Capable SASE Solutions for Enterprises

3i Infotech Inc., USA, step-down subsidiary of 3i Infotech Limited (BSE: 532628, NSE: 3IINFOLTD), a global Information Technology company, committed to accelerating business transformation, has announced a strategic investment in Exium, a pioneer in 5G powered Secure Access Services Edge (SASE) solutions, to help accelerate innovation in cloud-delivered security and digital experience. 3i Infotech will offer this as a premium security offering to its customers globally and across verticals spanning banking, financial services and insurance (BFSI), retail and telecom. The first-of-itskind for 3i Infotech in the SASE space, the strategic investment reinforces a shared vision for increasing adoption of borderless security at the edge. 3i Infotech initially established a multiyear partnership last year.

NuRe Edge is a SASE platform with Secure Internet Access (SIA) and Secure Private Access (SPA) which converges network with security. It is a platform available today with 5G zerotrust model, hardware security, native XDR (Any Detection & Response), and 5G IoT edge computing platform. It eliminates the need for high upfront costs with subscription or payas-you-go (PAYG) pricing. It can be deployed across any vertical, be it telecom or BFSI. 3i Infotech as part of its one-stop solution provider proposition offers NuRe Edge as a managed services offering. NuRe Edge is offered on Oracle OCI, Azure and AWS. For enterprise customers, this can also be offered in a hybrid model as well.

The investment into Exium is part of 3i Infotech's larger 'Resident Entrepreneurship' program which allows for technology entrepreneurs to join hands with 3i Infotech and invent new value creating intellectual property in the fields of 5G, Edge Services, cognitive computing services and education technology. It is part of the company's plan to incubate and accelerate startups, to fuel new services lines and build new IPs.

As part of expanding the partnership, 3i Infotech is also nominating Nilesh Gupta, SVP & Global Practice Head, 3i Infotech Limited to serve as a strategic advisor to Exium. Speaking on this collaboration, Nilesh said, "I would term this as a lethal combination of sorts, with Exium's laser-sharp focus on product innovation combined with our global presence, market know-how and best-of-breed solutions, creating a real value and differentiator for our customers. As part of this strategic investment, we will work closely with Exium's product development team to further enhance market needs towards better digital transformation journey. Combined, we have a huge addressable market to serve. Through this collaboration, we plan to work extensively with Exium to offer edge solutions at scale to all verticals."

"We're thrilled to welcome Nilesh Gupta to our board of advisors," said Farooq Khan, CEO of Exium. "Both his management wisdom and domain expertise run broad and deep in virtually every aspect of high-tech business growth - from product to business development and sales to engineering needs for cloud, security, applications, and analytics. We are confident that his contribution will be significant to the advisory board, and benefit from decades of global entrepreneurial experience."

Shares of 3i Infotech Limited was last trading in BSE at Rs. 60.45 as compared to the previous close of Rs. 61.60. The total number of shares traded during the day was 56645 in over 970 trades.

The stock hit an intraday high of Rs. 63.00 and intraday low of 60.15. The net turnover during the day was Rs. 3470488.00.

Source : Equity Bulls


3iInfotech INE748C01038 StrategicInvestment Exium SASESolutions