NEW DELHI: Tally Solutions of Bangalore has launched a new device,
TallyLocker, which assures secure storage of financial data. The device, 5.7
centimeters long with a storage capacity of 16MB, can store up to four years of
financial data. It is small enough to be slipped into the user's pocket after it
has been used. Priced at Rs 4,500, the product is only for registered Tally
users. Says Bharat Goenka, one of the promoters of the company, "We shall
offer TallyLocker only as a value-add to our existing customer-base. It will not
be available for other customers." Speaking about the genesis of the
product, Goenka continues, "TallyLocker was conceived after feedback from
our users to find a secure way to store data. You will not believe the extent
some textile exporters go to protect the identity of their clients. In a
fiercely competitive business environment, secure storage of sensitive
information is extremely critical."
Tally Solutions, whose financial accounting software Tally eis 5.4 commands a
brand awareness that is bigger than all the brands of financial accounting
software put together, is available in two versions: single user and multi-user.
The software, which has essentially had a strong presence in the domestic
market, is now looking at increasing its presence overseas. It has a total
channels network of 120 with 80 of them located in the domestic market and 40
overseas. For 1999-2000, the company had revenues of Rs 22.8 crore.