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26-12-2024 02:01 PM | Source: Accord Fintech
DEV Information Technology zooms on unveiling advanced cybersecurity solutions

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Dev Information Technology is currently trading at Rs. 174.45, up by 11.60 points or 7.12% from its previous closing of Rs. 162.85 on the BSE.

The scrip opened at Rs. 165.40 and has touched a high and low of Rs. 177.85 and Rs. 165.40 respectively. So far 58919 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 185.00 on 25-Nov-2024 and a 52 week low of Rs. 94.10 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 177.85 and Rs. 146.90 respectively. The current market cap of the company is Rs. 392.89 crore.

The promoters holding in the company stood at 68.73%, while Institutions and Non-Institutions held 1.45% and 29.82% respectively.

DEV Information Technology has unveiled its enhanced suite of cybersecurity services, designed to help businesses across the world combat the growing and evolving landscape of cyber threats. With over a decade of expertise in securing digital environments, the company now offers a more comprehensive and adaptive set of services to meet the dynamic security needs of organizations globally.

With the global cybersecurity market projected to reach $271.90 billion by 2029, businesses face mounting challenges in securing their digital assets, driven by rising cyber threats, digital transformation, and stricter regulatory requirements. These enhanced cybersecurity services address these challenges by offering proactive defence strategies, real-time monitoring, and comprehensive solutions to help businesses stay ahead of evolving threats and ensure compliance.

The expansion of these services positions the company to further enhance its reputation as a leader in the cybersecurity space. It stands to benefit from stronger client retention as businesses seek more comprehensive, all-encompassing security solutions. By offering 24/7 monitoring and real-time response capabilities, the company strengthens its ability to prevent breaches and swiftly mitigate threats, resulting in increased customer satisfaction and trust. Strategic partnerships with Microsoft and AWS provide credibility and access to cutting-edge technologies, ensuring the delivery of world-class solutions.

Dev Information Technology is mainly engaged in business of automation software development.