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Inspira Enterprise announced the acquisition of SmartCirqls Infotech’s Splunk business unit, known for its platform capabilities in cybersecurity and Big Data analytics.
Inspira crosses the INR 1 billion rupee mark with nearly 50% of revenue coming from cybersecurity and analytics with this acquisition. The company plans to build a strong 100-member team dedicated to advanced analytics over the next two years. Predicts $ 4 million in additional revenue in the first year and further expansion of territories.
The acquisition of the SmartCirqls analytics business unit will consolidate Inspira’s control of the industry by expanding its capabilities beyond security operations into advanced security analytics and automation. Inspira’s IT infrastructure and networking business will also expand capabilities in AIOps, IT Operational Analytics, and machine learning-based IT services intelligence, enhancing Inspira’s position as a leader in IT transformation.
Speaking about the acquisition, Manoj Kanodia, CEO of Inspira, said: “The acquisition of the analytics capabilities of SmartCirqls Infotech will help us consolidate our leadership position in the cybersecurity and Big Data space. This acquisition is in line with our vision to become a global player while accelerating revenue growth from our services. It will enhance our capabilities on the Splunk platform, as well as enable us to configure and manage large IT and cybersecurity transformation and operation projects around the world. “
Inspira’s core vision is to provide high-quality, cost-effective and highly secure IT solutions that enable the convergence of emerging technologies and applications for e-Governance, BFSI and enterprises.
Affirmative about the acquisition, Chetan Jain, Director of Inspira, said: “The acquisition will increase our capabilities to deliver data analytics services (to a lot of things) and allow our clients to thrive on their data-enabled digital transformation journey. That will improve our capacity in IT, DevOps and security, which will allow us to provide transformation services by analyzing data from any source and at any time scale to provide personalized information ”.
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