Paladion Networks To Enter US, European Markets This Year

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City-based Paladion Networks, a security services company, plans to tap the US and European markets with its products and services in the course of this year. The investment allocated for this expansion plan is approximately $4 million.

Paladion Networks CEO Rajat Mohanty said that this investment would be part of the first round of funding the company plans to raise in the course of this year. Mr Mohanty expects the US market to contribute around 70-80 per cent to the total revenue of Paladion.

He said that Paladion would tap the US markets initially and was currently evaluating some US-based US for a partnership. The firms being evaluated are mainly the system integrators and e-commerce solution providers. The company plans to enter Europe 6-7 months after this.

At present the company is readying a blueprint for its product targeted at the enterprise security management segment. Mr Mohanty said, “Once our partnership in the US is in place, this product will be marketed there.”