Atos completes Its Acquisition of Cybersecurity Company Paladion

Atos, a global provider of digital transformation solutions with 110,000 employees in 73 countries and annual revenue of € 12 billion, has completed the acquisition of Paladion. This US-based company offers managed cybersecurity services to clients worldwide. Financial terms of the acquisition were not disclosed.

Headquartered in Reston, VA, United States, Paladion, led by Rajat Mohanty, CEO, was founded in 2000 and has since grown to more than 800 employees and cybersecurity experts worldwide with more than $29m turnover in 2019. The company combines its cyber security specialists with proprietary MDR platform and SOCs to deliver faster security outcomes.

This acquisition will bring key Managed Detection & Response (MDR) capabilities to the Atos portfolio, with multiple MDR centers. It would cater to the needs of customers that are adopting hybrid and multi-cloud transformation strategies for their businesses.

The acquisition will also expand Atos’ global coverage for cybersecurity monitoring and response with 4 additional Security Operations Centers (SOC) in the US, the Middle East and India.

Next to that, it would enable the creation of the next generation of Atos’ Prescriptive SOC offering by integrating Paladion’s “state-of-the-art” AIsaac artificial intelligence (AI) platform for cyber analytics and hybrid SecOps. This SaaS model for multi-vector threat detection and response is a patented technology with over 1,000 use cases and 100 AI models.

“Atos’ acquisition of Paladion will not only help expand Atos’ security services offering but, by incorporating the AI capabilities that Paladion champions, key metrics such as the mean time to respond (MTTR) to attacks will also see substantial improvements,” said Claudio Stahnke, Senior Research Analyst for Security Services at IDC. “Packaging Paladion’s MDR service into Atos’ existing MSS offerings could be the game changer in the market.”

Global Cybersecurity Services

Claudio Stahnke
“Atos’ acquisition of Paladion will not only help expand Atos’ security services offering but, by incorporating the AI capabilities that Paladion champions, key metrics such as the mean time to respond (MTTR) to attacks will also see substantial improvements,” said Claudio Stahnke, Senior Research Analyst for Security Services at IDC. 

Through this acquisition, Atos intends to strengthen its global cybersecurity services, as presented in its mid-term Ambition, with the overall goal of becoming a leader in secure and decarbonized digital. The company is focused on reaching more than €2 billion revenue in digital security in the mid-term and completing its existing technologies.

“The acquisition of Paladion is part of our strategy to expand our cyber capabilities and technologies to help our customers meet the security challenges they face,” said Pierre Barnabé, Senior Executive Vice-President, Head of Big Data & Cybersecurity at Atos.

“Customers on both sides appreciate the capabilities the merger brings and we’re confident that we are ideally positioned to accelerate our business.”

The Paladion founders will continue to play an active role in the years to come.

“The acquisition of Paladion is part of our strategy to expand our cyber capabilities and technologies to help our customers meet the security challenges they face,” said Pierre Barnabé, Senior Executive Vice-President, Head of Big Data & Cybersecurity at Atos. “Customers on both sides appreciate the capabilities the merger brings and we’re confident that we are ideally positioned to accelerate our business.”