Corporate News 06-May-21
Aurionpro Solutions exits from cybersecurity business
With divestment of its entire stake in Forcepoint LLC., USA
Aurionpro Solutions today announced exit from the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cyber security business is valued at a consideration of US$ 9.6 Million (approx. INR 71 Crores) which is net off all taxes and obligations. Out of the total consideration, Rs 45 crore will be received upfront and remaining amount to be received in tranches over a year upon fulfilment of contractual warranties and earn out.
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