eMudhra to acquire Sendrcrypt Technologies Inc

31 Jul 2024 Evaluate

eMudhra has entered into a definitive agreement to acquire 100% of Sendrcrypt Technologies Inc (Sendrcrypt), New Jersery, USA, through its wholly owned subsidiary eMudhra Inc, USA for a consideration of $3 million.

Sendrcrypt has been engaged in providing top-tier email security solutions to protect digital communications. Sendrcrypt flagship product, Sendrcrypt Email Security Suite, leverages advanced encryption to ensure the confidentiality and integrity of emails across multiple platforms, including Windows, macOS, iOS, and Android.
With the increasing prevalence of cyber threats, Sendrcrypt mission is to offer unparalleled email security that meets the highest industry standards. Sendrcrypt email security product will compliment eMudhra’s suite of cyber security products.

The revenue from for the year ended March 31, 2024 amounted to $0.5 million. eMudhra has been in the digital trust, digital security and digital transformation space for past 15 years.

Over the years, eMudhra has established a strong footprint in India and has also grown reasonably well in the emerging and developed markets with marquee reference customers. eMudhra’s current cyber security solutions take care of individual security, web security and IoT security. eMudhra currently does not have a solution on email security. Acquisition of Sendrcrypt will compliment eMudhra’s cyber security suite by adding email security product and relevant reference customers.  

eMudhra is engaged in digital trust services and enterprise solutions to individuals and organisations functioning in various industries. It is a 'one-stop shop' player in secure digital transformation and provides a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions.

eMudhra Share Price

933.40 15.15 (1.65%)
27-Dec-2024 16:59 View Price Chart
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