Ashay Rege, Director, Synclature

About the Company

Synclature is a cyber security, risk advisory firm that provides industry-focused consulting, assurance, technology and audit services to private, public and government clients. Formally established in 2013, Synclature has been rendering services to industry sectors such as education, hospitality, healthcare, manufacturing, e-commerce and IT. With a core team of experienced domain experts and certified professionals, their risk mitigation advisories enable major corporate clients to secure their information assets. They currently operate out of Mumbai, Delhi, Pune, Nashik and Hyderabad and cater to clients pan-India and in certain Middle-East and US locations.

Current Market Landscape

Costs of data breaches will increase to $2.1 trillion globally by 2019. The world is going digital and hence cyber security and risk advisory services will be even more relevant in the years to come to prevent monetary losses and mitigating business risk. Given the advanced nature of the cyber attacks, their impact and the growth in the use of computing devices, cyber security is of paramount importance. The increasing cyber crimes around the world are adversely affecting individuals, businesses, industries and governments.  Leading to monetary losses, bad publicity and a negative impact on their image, investing in cyber security is essential to improve the business continuity planning and mitigate the risks associated with financial losses, data breach and in turn avoid serious damage to the organization's brand equity.

Addressing the Challenges

India is going digital and the crux of the digital economy is data. Data drives success.  As the Digital India initiative has progressed, cyberattacks have doubled year over year, and Indian businesses and government sites have become more vulnerable.

Another issue that Synclature have is the awareness of cybersecurity threats, and lack of acknowledgement of the fact the organizations today need a cybersecurity strategy and framework that needs to be driven from the top management. This essentially means proactive cyber security that allows organizations to take preventive actions in an imperative since the cost of successful attack if very high. They have a three pronged strategy to address these challenges.

Synclature is already in the process of creating programs to inform, educate and make the senior management aware of the cyber security threats and risks.

They also provide the capability and experience to help organizations build an impeccable cybersecurity framework

Their portfolio consists of services and products that will allow organizations to make the network and infrastructure invisible to the attacker and detect attacks before they inflict damage.

Services 

Cyber Security Command Center (CSCC) consisting of services such as building SOCs, Digital Forensic Solutions, VAPT, Application and IoT Security solutions.

Governance Risk and Compliance (GRC)- providing large spectrum of services in Fraud Risk Management, and Enterprise Risk and Information Security Management.

Investigation - Through their services, they help companies manage risk, investigate alleged misconduct and measure the financial implications of disputes.

Differentiating Factors

Synclature intends to bring in a classic combination of cybersecurity services and breakthrough, disruptive products, to begin with, in the Indian market. Their approach of proactive cyber security will be a major differentiating factor. They will leverage their strong team, infrastructure and partnerships to provide total cybersecurity and become single point of expertise for all their customers.

Clients 

Synclature has been rendering services to some of the industry leaders in BFSI, education, hospitality, healthcare research, pharmaceuticals, manufacturing, e-commerce, IT sectors. 

Organizational Culture

Although they are a cybersecurity company, they have an open culture in the office to promote exchange of ideas.  Their culture is informal and they have an open door policy. Apart from technical trainings and certifications, they run various sessions for soft skills development.  They also conduct frequent programs and get together so that all the team members get to know each other way in an informal way.

Harboring Innovation

Cybersecurity technology is changing very fast. They ensure consistent trainings to the team members. They also encourage knowledge sharing and brainstorming sessions to bring in new ways of thinking, innovative solutions & services and improved process and delivery frameworks.

They promote intrapreneurship and adopt any ideas for improvement, new products or processes. Working in small teams increases the efficiency and fuels innovation to do things in a better way. Synclature has grown due to innovative ideas and the dedication and determination of its members, associates and peers.

Global Strategy

They already have some customer base in India. They plan to leverage that and create a strong footprint in the Indian Enterprise Segment. Their focus industries will be Healthcare, banks and NBFCs and Manufacturing. They are also in the process of creating a specialized package for SMB sector. They will run a direct sales effort in India.

In the other parts of the world, especially North America, South East Asia, Middle East and Africa, they are already in the process of striking key strategic partnerships with companies who will provide is access to large market segments in those geographies.  Based on the progress they will identify geographies where they will create their direct presence.

Quick Facts

1) Year of founding: 2013

2) Funding information: We have received funding from a VC who invests in Security companies. The key points considered during this funding round were founders’ profile, portfolio, market potential and customer traction.

3) Founding members: Ashay Rege, Nitish Sabnis

4) Office locations: C-1003, One BKC, G Block, Bandra Kurla Complex, Mumbai 400 051.

5) Company strength: 12

6) Website: synclature.com