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'The encryption market in India is growing at a rapid pace'
Altaf Halde, national sales manager, Pointsec India
Friday, June 09, 2006
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How big is the encryption software market in India? And, what is Pointsec's role?
Encryption for endpoint devices is a growing market in its first year and it is too premature to predict the software market size in India. However, the encryption market would be about 5% of the total Indian IT security market. But this is growing at a rapid pace. We have several big customers in India in the BFSI and IT-enabled services. We are focusing on various verticals. The major focus is on back office operations, software development companies and healthcare organizations. Wipro BPO (some locations) and ITC CLi3 are using our software solutions. In the US, we work closely with the FBI.

Which mobile devices would support the software? Do you have tie-ups with any mobile manufacturing companies in India?
We protect mobile devices such as laptops, desktop hard disks, external storage devices and memory sticks. We protect mobiles, which work on Windows operating system (OS), Symbian OS and Palm OS. In India, we have not done any local tie-up. But, the Imate handheld devices and smart phones that are being shipped to India, come pre-bundled with Pointsec encryption software.

What is your go-to-market strategy?
We have appointed Select Technologies as our national distributor. Select is a part of WEP and is headquartered in Bangalore with offices across 10 locations in India. They have 118 partners all across the country, which are focused on IT security products. Pointsec solutions enable the companies to successfully comply with various clauses in compliance in countries such as the US, Japan, where IT compliance rules are already in place. Today, if an India-based BPO unit is making a pitch for a US client, who is a financial institute, mentions in its sales pitch that it is using a Data Encryption Solution that is BITS certified, it would be easier for the client to take a decision in his favor. We are using this strategy to target customers.

How is the response in the global markets?
We have received a good response from international markets. The major reason is the compliance factor.

Arunima Nath
CyberMedia News

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