ASM Tech spurts 5% after partnership with Netherlands-based EclecticIQ for new Cybersecurity Managed Services offering

The new offering promises to be complementary to the product engineering services offering in the Security domain.

May 27, 2021 11:05 IST India Infoline News Service

ASM Technologies Ltd., a global engineering services provider, on Wednesday, announced a signi¬ficant Managed Service Provider (MSP) agreement with the Netherlands-based EclecticIQ, a world-leading threat intelligence, hunting, and response technology company, for EclecticIQ Endpoint Response, and Endpoint Detection & Response (EDR) technology. This enables ASM Technologies to foray into the Cybersecurity Managed Services space with a robust new EDR offering.

“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 bene¬t by being able to comprehensively pre-empt and neutralise any threat to their network security and thereby ensuring crucial business continuity,” Rabindra Srikantan, Managing Director, ASM Technologies Ltd., said.

Also sharing his views on the Agreement was 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 confi¬dent 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 pro¬le. 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.

At around 11.50 AM, ASM Technologies Ltd was trading at day's high of Rs145 per piece up by Rs6.9 or 5% from its previous closing of Rs138.10 per piece on the BSE.

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