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Ilantus looks to expand global footprint

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CIOL Bureau
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BANGALORE: Enterprises in India and abroad are increasingly depending on identity management solutions to fulfill compliance requirements as mandated by the Sarbanes-Oxley Act and the BASEL II banking regulation.

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This market demand has boosted the bottom lines of Bangalore-based Ilantus Technologies, which provides identity management solutions and services.

The five-year old company which, until now looked at the US and Indian market, is eyeing potential markets in Europe, Middle East, Australia and other regions in Asia.

Binod Singh, president and CEO, Ilantus, spoke about this growing space and the company's plans. “Around two-thirds of security threats happen from the inside. The mechanisms to prevent such inside attacks are less. So controlling access becomes very important for an enterprise.”

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While Singh did not divulge figures on the company's revenues, he said that the company recorded 350% growth in revenues this year and around 400% surge in profits. He is hopeful of sustaining this bull run in the niche identity management solutions space, which is slated to reach $5 billion this year.

Besides providing identity management consulting and customization services, Ilantus offers a service called lifecycle management system. “No-one else offers this service which involves running and implementing the solution and also changing it as and when required.” The company signed on its first Indian customer- IT services major, Cognizant Technology Services.

To solidify its presence as a niche specialist in gaining customers while vying against big service providers like Infosys, Wipro and IBM Global Services, the company is developing its own IP around solutions. Ilantus developed a patented compliance management solution around BMC's product, which is currently used by 15 customers in the US.

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“While other software service vendors have breadth of services, we can boast of a depth of expertise in this area. It is a volume versus value service choice for the customer,” Singh said.

Ilantus has implemented identity management projects for global clients like HSBC, CapitalOne, ANZ Bank, Citibank, World Bank and Coco Cola. Singh is hopeful of making in-roads into the Indian market especially in the BPO segment.

The company has 70 employees spread across its offices in India, US and Singapore.

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