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MUMBAI: RSA Security, a US-based firm that provides online identities and digital assets, has announced its growth strategy and future roadmap to expand its Indian operations.
The company announced the opening of its first Indian development centre in Bangalore. It will open in September this year. The centre will expand RSA Security’s presence in India and enhance its competencies in developing identity and access management solutions to meet the emerging demands of the international security market.
In the initial years of operations, RSA’s focus was on secure remote access and infrastructure security. In the last few years, the organisation has become capable of solving core business issues that have information risk implications such as dealer management processes, e-procurement, user productivity enhancement and data protection, said Ross Wilson, MD(South Asia & India), RSA Security.
“The Indian online security market is mature and is now poised to grow exponentially. We are expanding our footprint in the country with plans to open a Delhi office by the end of the year,” he added.
The company is targeting a growth rate of 40-50% per annum with a focus on FSI, BPO, ITE, pharmaceuticals and government especially in the CIP (Consumer Identity Protection) space, the company said.
“We also plan to double our India headcount and add more people to the sales and marketing function”,Ross said. The company plans to increase its headcount at the development centre to 200 by the end of ’07 and to 400 by ’08. Speaking about the potential for online security in India, Srikiran Raghavan, regional sales head, said, “Overall the Indian security market is placed at Rs 360 crore.
This indicates a healthy 50% growth over the previous year, also making it one of the highest growing sectors. The AAA (Authentication, Authorization, Access) market contributed approximately Rs 52 crore at a share of 26%. Identity and access management is becoming more mainstream as it is vital in areas such as Internet banking, BPO management and government initiatives.
Phishing, pharming, fraud and ID theft are becoming more prevalent and Indian companies are particularly concerned with ensuring that they retain customer confidence and credibility. Since Internet penetration in India leapt 54% last year to 38.5m users, we are increasingly exposed to this global scourge.”
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