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.
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."
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.
"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.
