NCS Computech allegations were to damage IPO process: Quick Heal

The suit filed by NCS Computech against Quick Heal has been dismissed by the court. Suit claimed intellectual property rights to the brand name "Total Security" by NCS. This dismissal was because of the absence of the petitioners (NCS Computech) said, Rajesh Ghonasgi, CFO, Quick Heal Technologies in an interview to CNBC-TV18, adding that NCS Computech allegations were made to damage the IPO and harass the company.The antivirus software provider raised Rs 451 crore through its initial public offer (IPO) in February, 2016.