In a heartwarming development for the global cybersecurity community, SGS, the world's leading testing, inspection and certification company, has announced its acquisition of Panacea Infosec, marking an inspiring milestone in digital trust and security innovation.

This exciting partnership brings together the best of both worlds: SGS's remarkable 145-year legacy of service excellence and global reach spanning 115 countries, combined with Panacea Infosec's specialized expertise in information security and payment protection. The union welcomes over 90 highly skilled cybersecurity professionals into the SGS family, creating new opportunities for growth and collaboration.

Headquartered in India, Panacea Infosec has built an impressive reputation serving clients across India, the United States, the Middle East, and Africa. The company's expertise in payment security solutions, particularly in PCI/DSS standards, along with cybersecurity, data protection, and privacy services, has made them a trusted partner for businesses in banking, insurance, telecommunications, IT, business process outsourcing, and e-commerce sectors.

What makes this acquisition particularly encouraging is the shared vision between both organizations. Together, they're committed to helping businesses protect sensitive data, secure transactions, and maintain compliance with international standards—essential ingredients for successful digital transformation in our increasingly connected world.

Géraldine Picaud, CEO of SGS, expressed genuine enthusiasm about the partnership, warmly welcoming all Panacea Infosec employees to the SGS family. She highlighted how this collaboration uniquely positions the combined organization to guide clients through the complexities of digital risk and compliance with greater expertise and reach than ever before.

The sentiment was echoed by Amit Thakkar, Managing Director for SGS in India, Bangladesh and Sri Lanka, who emphasized how this strategic move strengthens their Digital Trust portfolio. This enhancement enables them to support organizations more comprehensively as they navigate the evolving landscape of modern digital infrastructure, data management, artificial intelligence, and connected devices.

Ajay Kaushik, CEO of Panacea Infosec, expressed pride and optimism about joining the SGS family, describing it as a significant milestone in their journey. He's excited about the opportunity to combine Panacea Infosec's deep domain expertise with SGS's extensive global footprint, creating even greater value for customers worldwide while maintaining their high standards of integrity and technical excellence.

The acquisition also reflects SGS's ambitious yet achievable goal of generating at least CHF 200 million in additional Digital Trust revenue by 2027 compared to 2023 levels. This demonstrates the company's confidence in the growing importance of cybersecurity and digital trust services in our modern economy.

As businesses worldwide continue their digital transformation journeys, this partnership arrives at just the right moment. With cyber threats constantly evolving and data protection regulations becoming increasingly important, the combined expertise of SGS and Panacea Infosec offers organizations a trusted partner to navigate these challenges with confidence.

This acquisition is more than a business transaction—it's a testament to the power of collaboration, the value of specialized expertise, and the shared commitment to building a more secure digital future for everyone.