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Channel Post MEA
4 days ago
- Business
- Channel Post MEA
Redington Signs Distribution Partnership With Illumio For Containing Breaches
Redington has announced a new distribution partnership with Illumio, the breach containment company. The partnership will see Redington work with Illumio to evolve its channel strategy, drive partner enablement, and accelerate go-to-market momentum for Illumio Segmentation, helping organizations across the region reduce risk, contain attacks, and stop cyberattacks from turning into cyber disasters. Despite record spending on cybersecurity, the volume, cost, and impact of cyberattacks continue to rise. Ransomware and other threats bypass perimeter defenses, with attackers exploiting vulnerabilities in hybrid and multi-cloud environments to move across networks and reach critical data, assets, and infrastructure. Illumio Segmentation proactively protects critical assets, contains attacks, and enhances cyber resilience. By applying the principles of Zero Trust to stop lateral movement across multi-cloud and hybrid infrastructure, it enables organizations to protect critical resources and prevent the spread of cyberattacks. 'Our partnership with Illumio reflects Redington's continued commitment to bringing the most advanced and relevant cybersecurity solutions to our partners and customers,' said Dharshana Kosgalage, Executive Vice President, Technology Solutions Group, Redington. 'In today's threat landscape, Zero Trust Segmentation is no longer optional—it's essential. Through our extensive channel ecosystem, we will accelerate access to this critical technology, enabling partners to drive real cyber resilience for their customers.' Recognized as a leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024 report, Illumio Segmentation is proven to strengthen cyber resilience and reduce the impact of attacks. A Forrester Total Economic ImpactTM report shows Illumio reduces the blast radius of attacks by 66%, saving $1.8 million in decreased risk exposure. Ransomware emulations from Bishop Fox also show Illumio stops attacks from spreading nearly four times faster than detection and response capabilities alone. 'Breaches today are inevitable, but disasters don't have to be,' said Sam Tayan, Director of Sales for Middle East, Turkey and Africa (META) at Illumio. 'Illumio Segmentation provides a simple and effective way to contain threats, minimize risk, and build resilience, so that organizations can thrive without fear of cyber disasters. We're thrilled to partner with Redington to jointly deliver value to customers and empower them to stay agile in the face of today's cyberthreats.' Illumio Segmentation sits alongside Illumio Insights as part of the Illumio Platform, the first cybersecurity platform dedicated to containing breaches built on an AI security graph. Illumio Insights is an AI-powered cloud detection and response (CDR) offering that helps organizations quickly identify risks and detect threats. With both Insights and Segmentation, security teams can shrink the attack surface, detect threats, and contain breaches in real time. To ensure the successful adoption of Illumio Segmentation, Redington is going beyond basic enablement—arming its channel partners with deep technical training, strategic advisory, and hands-on deployment support. By blending cybersecurity expertise with real-world application scenarios, Redington is helping partners not only sell Illumio, but also become trusted advisors in breach containment, accelerating business growth and elevating their value in the cybersecurity ecosystem. 0 0
Time of India
20-05-2025
- Business
- Time of India
Redington shares zoom 9% after Q4 profit jumps 183% YoY on broad-based demand
Redington shares zoomed 9.5% to their intraday high of ₹306.85 on the BSE in early trade on Tuesday after the technology solutions provider reported a sharp 183% year-on-year rise in net profit for the March quarter, driven by strong demand across markets. The company posted a consolidated net profit of ₹917.7 crore for Q4 FY25, compared to ₹323.9 crore in the same period last year. Revenue rose 17.9% YoY to ₹26,439.7 crore from ₹22,433.4 crore in Q4 FY24. EBITDA for the quarter rose 30% to ₹596.9 crore, while margins improved to 2.3% from 2% a year ago, reflecting operational efficiencies. For the full year ended March 31, 2025, Redington reported record consolidated revenue of ₹99,562 crore, up 11% YoY. Normalised profit after tax (excluding one-time divestment gain) stood at ₹1,340 crore, marking a 10% YoY increase. The company's growth was supported by broad-based demand. In Q4, revenue in India rose 26% YoY, while the UAE market grew by 24%. Redington also saw solid traction in Saudi Arabia and Africa, aided by enhanced go-to-market capabilities and expanded brand partnerships. V.S. Hariharan, Group CEO of Redington Ltd. , commented, "Building on the momentum from Q3, our Q4 results reaffirm Redington's commitment to profitable growth and market leadership. This year, we've achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results." Redington's cloud business continued its robust growth trajectory, increasing by 41% YoY in Q4 FY2025. The company's Technology Solutions Group (TSG) grew by 28% YoY, driven by large deal wins and new software brand contracts. Redington's board has recommended a final dividend of ₹6.80 per equity share, representing 39.5% of FY25 consolidated profits (excluding the one-time gain), subject to shareholder approval at the upcoming AGM. A Fortune India 500 company, Redington operates in over 40 markets with 450+ brand associations and a network of more than 70,000 channel partners. Its product portfolio spans IT, telecom, lifestyle, and solar segments, offering end-to-end distribution and technology solutions.
