ICICI Infotech ventures into loss prevention, security solutions space
By Suneeta K | 08 Oct 2002
Ahmedabad: ICICI Infotech, an information technology company promoted by ICICI Bank, the second largest bank in India, has made a foray into the loss prevention and security solutions space through a strategic partnership with the US-based Affiance group, which develops, integrates and markets leading-edge technologies. Accordingly, ICICI Infotech has come out with two security products: SecurDVR and EssentialServer.
Says ICICI Infotech managing director and CEO V Srinivasan: “SecurDVR and EssentialServer are proprietary products of Affiance. We will be exclusively marketing the Affiance products in the Indian market, directly and through channel partners. In turn, we will provide software development and product enhancement services to Affiance through a dedicated off-shore development facility in Bangalore.”
The two security products are expected to have a wide market in India. The first of these, SecurDVR, provides an easy-to-use and cost-effective video monitoring and surveillance solution, which can be applied across industries. Using a state-of-the-art image capture technology, SecurDVR integrates closed-circuit television with advanced digital recording, fast image retrieval and remote access to protect people and assets 24 hours a day.
The second product, EssentialServer, is designed to maximise data protection, availability and recovery. It also minimises the initial investment and reduces operating costs, being especially designed for small- and medium-sized enterprises. This product recovers and restores files, directories and even the complete system data within minutes.
Apart from the two new products, ICICI Infotech also has to its credit security tools like SecurCAN and SecurSeal. While the former is a comprehensive client access solution, which enables an extended enterprise to transact securely over hybrid network environments, the latter provides a solution framework for the systems risks of an enterprise.
Assesing the market for these tools, Srinivasan says: “The lack of preparedness of Indian companies in the area of information security is alarming. According to a KPMG study conducted this year, 23 per cent of Indian companies have experienced security breaches and the total cost of computer crimes over the last five years has been pegged at a whopping $10 billion. This points out to a critical need to incorporate security devices in day-to-day operations and this is where our products will come in handy.”
ICICI Infotech’s processes are assessed at SEI-CMM level 3 and the company is ISO 9001:2000-certifed for its IT infrastructure services.
