BANGALORE: Information security products and solutions company, nSecure Software, is getting ready to raise a second round of funding for its operations. The value of the fund is pegged between $2-5 million and is expected to be raised by next quarter. It plans to step up in marketing and development activities with the new fund.

In March 2000, the company had kick-started its operations with a first round of funding of about Rs 1.5 crore, helped by some angel investors. "We are in the process of establishing a brand for ourselves in security products, within the country first and later spreading our wings globally. We are among the few in India to build an intrusion detection system, nPatrol. It has won over 50 clients and is all set to gain more customers, with the marketing effort that we plan to step up in the next few quarters," said nSecure Director Vipul A Sheth.

The company plans to open channel cum sales offices in Mumbai, Delhi and Chennai, by the end of the year. Currently, it has only one corporate office in Bangalore. It also plans to increase the number of its service provider partners from its present four (Zenzar Technologies, Miel eSecurity, Global eSecure and Prudent Solutions). Incidentally, Bangalore Labs has recently evaluated its products for a possible partnership for providing services. Overseas operations are also on the cards with possible offices or partners in US, Europe and Asia Pacific.

As for the ramping up of its research and development capabilities, nSecure is all set to release its second product next month. The company is also contemplating the possibility of developing a customised security product for its clients. "We have got a couple of enquiries to build customised security products and would take a decision on that soon," said Sheth. It plans to bring out three more products by the end of the next couple of years.