Risk management and corporate fraud investigations company Netrika Consulting, on Thursday, announced the acquisition of Anti Piracy Solutions (APS), a home-grown global online anti-piracy services and strategic consulting company based in Hyderabad. With the technological synergy attained through this acquisition, Netrika will now be better positioned to effectively lead the fight against unauthorized leaks and peddling of copyrighted intellectual properties such as movies, music albums and even educational contents online.
This synergy will also boost Netrika’s capability in the fight against the online sale of counterfeit goods which is a serious issue facing the growing popularity of online shopping, the company said in a statement. APS founder and CEO Chaitanya N will function as a Director at Netrika Consulting.
Sanjay Kaushik, Managing Director, Netrika Consulting, said, “Piracy is a universal concern which besides being an IPR concern is causing huge losses to both corporates as well as governments globally. We are happy to welcome Anti Piracy Solutions into our fold and we are confident to protect our clientele from piracy both online and offline.”
With over 1,000 movies produced annually, the Indian film industry accounts for $2 billion annual revenue from legitimate sources. The pirated industry, however, earns more with estimated earnings of about $2.7 billion. The sorry state of affairs extends to other streams like the music industry and education companies that deliver courses online, Kaushik added.