Latest news with #Vaidyanathan
Business Wire
3 days ago
- Business
- Business Wire
Versa and OPSWAT Partner to Enhance Real-Time Device Security for SASE
SANTA CLARA, Calif.--(BUSINESS WIRE)--Versa, the global leader in Universal Secure Access Service Edge (SASE), today announced a technology partnership with OPSWAT, a global leader in critical infrastructure protection (CIP) cybersecurity solutions, to enhance the real-time device security monitoring capabilities of the Versa SASE Client. Versa and OPSWAT partner to enhance real-time device security for SASE, with OPSWAT MetaDefender SDK extending Versa's SASE endpoint capabilities for Zero Trust enforcement to reduce attack surface risk. Share The Versa SASE Client combines connectivity and security for users and their devices, enabling real-time best-path routing and the enforcement of dynamic security policies based on Zero Trust and continuously evaluated device security posture. As a result of this partnership, Versa has integrated OPSWAT's MetaDefender Endpoint Security SDK into the Versa SASE Client, allowing IT teams to leverage real-time device posture data to automatically validate endpoints and enforce Zero Trust policies – helping to reduce the attack surface. 'Remote workers and BYOD users need access to critical business systems and data; however, this increases organizations' threat risks if endpoint devices are not secure,' said Anusha Vaidyanathan, Senior Director of Product Management at Versa. 'This partnership enables Versa customers to apply OPSWAT's MetaDefender Endpoint Security SDK directly within our VersaONE Universal SASE Platform. As businesses continue to operate in cloud and hybrid settings, this joint solution enables IT teams to minimize risk by verifying device security and compliance policies before granting access to secure company systems.' A newly published video featuring an interview with Ms. Vaidyanathan explains the integration and summarizes its benefits. For more information, see 'Our partnership with Versa validates OPSWAT's commitment to securing critical infrastructure by integrating advanced endpoint compliance capabilities directly into the VersaONE Universal SASE Platform,' said Hamid Karimi, Vice President of Technical Alliances and OEM at OPSWAT. 'With OPSWAT MetaDefender Endpoint Security SDK, Versa customers can confidently ensure device compliance and security before network access, providing better defense against today's evolving cybersecurity threats.' The MetaDefender SDK is a cross-platform, versatile, and modular framework that serves as a powerful endpoint security software development platform, enabling software engineers and technology vendors to build advanced endpoint security products. The SDK's Device Compliance Module enables software engineers to implement features in their products for a wide range of applications, including device posture assessment, as well as for potentially unwanted applications, allowing them to deliver better secure remote access, compliance, network access control, remote support, and other capabilities to their end customers. Availability The Versa SASE Client with OPSWAT enhancements is currently available as part of the Versa Universal SASE Platform. For more information, see About OPSWAT For the last 20 years OPSWAT, a global leader in IT, OT, and ICS critical infrastructure cybersecurity, has continuously evolved an end-to-end solutions platform that gives public and private sector organizations and enterprises the critical advantage needed to protect their complex networks and ensure compliance. Empowered by a 'Trust no file. Trust no device.™' philosophy, OPSWAT solves customers' challenges around the world with zero-trust solutions and patented technologies across every level of their infrastructure, securing their networks, data, and devices, and preventing known and unknown threats, zero-day attacks, and malware. Discover how OPSWAT protects the world's critical infrastructure and helps secure our way of life; visit About Versa Versa, a global leader in SASE, enables organizations to create self-protecting networks that radically simplify and automate their network and security infrastructure. Powered by AI, the VersaONE Universal SASE Platform delivers converged SSE, SD-WAN, and SD-LAN solutions that protect data and defend against cyberthreats while delivering a superior digital experience. Thousands of customers globally, with hundreds of thousands of sites and millions of users, trust Versa with their mission critical networks and security. Versa is privately held and funded by investors such as Sequoia Capital, Mayfield, and BlackRock. For more information, visit and follow Versa on LinkedIn and X (Twitter) @versanetworks. Versa Networks, VOS, the Versa logo, and Versa Titan are or may be registered trademarks of Versa Networks, Inc.
Time of India
26-04-2025
- Business
- Time of India
IDFC First Bank posts Rs 1,525 Crore profit in FY25, approves Rs 7,500 crore capital raise
IDFC First Bank on Saturday reported a net profit of Rs 1,525 crore for the financial year ended March 31, 2025, marking a 48.4% decline from Rs 2,954 crore in FY24, mainly due to stress in the microfinance portfolio . For the fourth quarter (Q4 FY25), the bank reported a net profit of Rs 304 crore, down from Rs 724 crore in Q4 FY24. Net Interest Income (NII) for Q4 stood at Rs 4,907 crore, a 9.8% increase year-on-year. Fee and other income for the quarter rose 5.7% YoY to Rs 1,702 crore. Core operating income in Q4 grew 8.7% YoY to Rs 6,609 crore, while operating expenses rose 12.2% to Rs 4,991 crore. Core operating profit (excluding trading gains) for Q4 stood at Rs 1,618 crore, slightly down from Rs 1,632 crore in the year-ago period. Customer deposits rose 25.2% YoY to Rs 2,42,543 crore, with retail deposits growing 26.4% to Rs 1,91,268 crore. The CASA ratio was 46.9%. Loans and advances increased by 20.4% YoY to Rs 2,41,926 crore. Gross NPA improved to 1.87% as of March 31, 2025, from 1.94% in the previous quarter, while Net NPA inched up to 0.53%. The Provision Coverage Ratio (PCR) stood at 72.3%. Provisions for the year amounted to Rs 5,515 crore, largely due to higher slippages in the microfinance segment. The board has approved a capital raise of Rs 7,500 crore through compulsorily convertible preference shares to Currant Sea Investments B.V. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now (an affiliate of Warburg Pincus LLC) and Platinum Invictus B 2025 RSC Ltd. (a wholly owned subsidiary of the private equity division of Abu Dhabi Investment Authority), subject to shareholder and regulatory approvals. It also declared a dividend of Rs 0.25 per share. Managing Director and CEO V. Vaidyanathan said, 'Our customer deposits grew well at 25% YoY and the CASA ratio continues to remain strong at 46.9%, reflecting the strength of our deposit franchise. Our funded asset book grew by 20.4%.' He added, 'An affiliate entity of Warburg Pincus LLC and a wholly owned subsidiary of the private equity division of ADIA have committed to invest ~Rs 7,500 crore in the Bank, which will further strengthen our Capital Adequacy Ratio and support our next phase of growth.' Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
