Ahmedabad-based DEV Information Technology Limited (DEV IT), a global provider of cloud services and digital transformation solutions, has announced the acquisition of two significant cybersecurity contracts from an existing USA-based enterprise client. These contracts are expected to contribute an annual revenue of USD 250,000 (~₹2 crore) to the company.
Key cybersecurity services included in the contracts:
- Compliance Guidance: Ensuring the client’s compliance with critical standards such as ISO, HIPAA, and GDPR.
- 24×7 Managed Security Operations Center (SOC) Services: Utilizing Cortex and Azure Sentinel for continuous threat monitoring.
According to the company’s statement, its strategic multi-layer relationship management and engagement with the client’s new leadership were instrumental in winning these contracts. This success further solidifies DEV IT’s position as a leading partner in cybersecurity and digital transformation.
DEV IT’s Founder & Chairman, Pranav Pandya, commented, “Securing these contracts reaffirms the trust our clients place in us. Our ability to adapt, innovate, and provide world-class cybersecurity services has positioned us as a preferred partner. We are excited about the opportunities this unlocks for the future.”
About DEV IT:
Founded in 1997, DEV IT has grown into a global IT services powerhouse offering services across cloud, digital transformation, enterprise applications, and application development. The company is listed on both NSE and BSE and is ISO-certified in multiple areas, including ISO 20000 and ISO 27001.
The company’s FY24 financial performance reported revenue of ₹165.12 crore, EBITDA of ₹15.31 crore, and PAT of ₹9.48 crore, reflecting its steady growth trajectory.
With this recent contract win, DEV IT is well-positioned to expand its cybersecurity services and reinforce its market presence globally.
