eMudhra to Acquire Sendrcrypt for USD 3 Million, Enhancing Email Security Offerings

eMudhra Limited has announced a definitive agreement to acquire 100% of Sendrcrypt Technologies Inc, based in New Jersey, USA, for USD 3 million. This acquisition will be carried out through eMudhra Inc, USA, its wholly owned subsidiary.

Sendrcrypt specialises in providing high-quality email security solutions to safeguard digital communications. Its flagship product, the Sendrcrypt Email Security Suite, uses advanced encryption to ensure the confidentiality and integrity of emails across various platforms, including Windows, macOS, iOS, and Android.

As cyber threats become more prevalent, Sendrcrypt aims to deliver top-notch email security that adheres to the highest industry standards. This acquisition will enhance eMudhra’s existing suite of cybersecurity products by adding robust email security capabilities.

For the fiscal year ending March 31, 2024, Sendrcrypt reported revenues of USD 0.5 million. eMudhra, with 15 years of experience in digital trust, security, and transformation, has built a solid presence in India and has expanded into emerging and developed markets with notable clients.

Currently, eMudhra’s cybersecurity offerings cover individual security, web security, and IoT security. The acquisition of Sendrcrypt will complement eMudhra’s cybersecurity portfolio by integrating email security solutions and bringing additional reference customers.

Commenting on this acquisition, the Executive Chairman of eMudhra Limited, Mr V Srinivasan, said, “Today, more than ever, the world is witnessing an unprecedented focus on Identity, Verification, and Authentication as the cornerstone of digital trust and security. This paradigm shift is not merely a trend but a fundamental restructuring of how individuals, organisations, and governments interact in the digital sphere. At the forefront of this transformative journey stands eMudhra, a pioneer in delivering cutting-edge solutions that empower businesses and governments to navigate the complexities of the digital age.”

He further stated that as the global society increasingly integrates through digital mediums, the demand for paperless digital transformation and cybersecurity has become paramount. eMudhra, addressing these critical needs, has achieved industry-leading growth in India and other emerging markets. To further enhance its cybersecurity offerings, eMudhra has announced plans to acquire 100% of SendrCrypt Technologies Inc. This acquisition will expand eMudhra’s cybersecurity suite by incorporating Sendrcrypt’s advanced email security products and relevant reference customers. With the combined strength of eMudhra’s existing product range and Sendrcrypt’s email security solutions, the company aims to deliver exceptional value to customers on their digital journey.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.