December 31, 2024
Boolean Legal represented Payatu Technologies and its selling shareholders in Information Security Media Group's (ISMG) acquisition of a majority stake in the company. The transaction marks a significant development in India's cybersecurity landscape.
The Boolean Legal team comprised Partner Lalu John Philip, and Associates Nishi Singh and Govind Anand.
Pune-based Payatu Technologies is the parent company of Nullcon, Asia's largest hacking and cybersecurity conference. Founded in 2010, Nullcon hosts annual information security conferences in Goa, India and Germany, attracting over 3,000 attendees and featuring live bug bounties, hack demonstrations, and cutting-edge cybersecurity insights.
The strategic acquisition will enable Nullcon to expand its global footprint, particularly in the United States, while maintaining its strong presence in India. Payatu's co-founders - Antriksh Shah, Aseem Jakhar, and Murtuja Bharmal - will continue to lead and grow the conference's operations worldwide.
Princeton, New Jersey-headquartered ISMG operates 39 media properties focused on information security and risk management, serving 1.6 million subscribers globally. This acquisition strengthens ISMG's portfolio of cybersecurity research, events, and training offerings.
The transaction represents another significant milestone in Boolean Legal's technology M&A practice, demonstrating the firm's expertise in handling complex cross-border transactions in the cybersecurity sector.
