Digital security technology startup Seclore Technology eyes big deals in India

The digital security startup Seclore Technology provides digital rights management solution to the enterprises, and senses huge business opportunity in the Indian security space. The firm, backed by Sistema Asia Fund, has already signed three multi-million dollar security-based projects with the Indian government.

Vishal Gupta, co-founder Seclore Technology, is buoyant on the growth of digital security services in the county on the back of government initiatives such as demonetization and digitization. He said that “The company foresees huge demand in financial services, manufacturing and engineering industries in the country.” Gupta, who started Seclore in 2010 with Abhijit Tannu, also said the company has seen an 82% year-on-year growth in revenue coming from Asia in 2016, and is on track to record a growth of 90% revenue from Asia in 2017.

Seclore essentially provides enterprise right management product which allows enterprises to control access over digital documents and information it shares with third parties. Started at Society for Innovation & Entrepreneurship (SINE), IIT Bombay as a project for a secure outsourcing, the company now boasts of more than 3,500 customers including major enterprises such as HDFC Bank, Deloitte, Tata, Aditya Birla Group and Panasonic. Globally it competes with Korea-based Fasoo and technology giant Microsoft.