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News >> Technology >>
Cyrca enters Indian market
By siliconindia staff writer
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Wednesday, 15 December 2004, 20:30 IST
BANGALORE: Cyrca Data Security Solutions today announced its entry into the Indian market with customized solutions to address critical IT security issues in the Outsourcing, Financial Services and Healthcare sectors. Cyrca will offer solutions combining in-depth operational security expertise and technology to assist enterprises with today's critical Information Security, privacy and compliance requirements.
Founded in Toronto, Canada in 2003, Cyrca is led by a team of entrepreneurs, technologists and academicians and plans to extend its expertise to the Indian and Asia Pacific markets.
A. Vijayarajan, Managing Director, Cyrca India, who took charge of the India operations earlier this year, will spearhead the growth of the company in India and the Asia Pacific region. Vijayarajan has been a corporate executive for over 25 years having been Chief Executive, Chief Technology Officer, Chief Information Officer and Business Manager in multi-national technology and service organizations.
Kumar Malavalli, Chairman, Cyrca said, "The launch of Cyrca India into this dynamic information ecosystem further enhances our commitment in delivering security solutions to aid enterprises in moving up the business value chain. With an innovative and holistic approach to information management, Cyrca's team of experienced consultants will meet the IT
security market with unique offerings."
Established by a team of seasoned information security and business process consultants, Cyrca is addressing a pressing need for organizations to focus beyond their immediate security threats and regulatory compliance pressures.
Addressing the Press Conference Hari Venkatacharya, President and Chief Executive Officer, Cyrca said, "The launch of Cyrca in India reinforces our belief in the need for a comprehensive approach to looking at the global issues of security and privacy. We are confident of the potential of the Indian security market, and the innovative focus of our offerings that are ideally suited to cater to these critical needs. We are witnessing a movement in prioritization for IT security spending, and in the coming years we believe we will see a dramatic shift towards adapting and conforming to global security and privacy regulations. "
With regards to global regulatory issues, such as Sarbanes-Oxley, Venkatacharya said," With compliance becoming much more stringent, and the US government passing legislation to enforce security and privacy laws, businesses need to have more rigorous data security and compliance processes and infrastructures, both internally and externally. For Indian
companies to provide services to US clients they will need to strengthen their security initiatives. Cyrca will enable Indian companies to meet these requirements and thus help ensure regulatory compliance."