‘Infosys betting big on cybersecurity market’
BENGALURU: InfosysNSE 1.48 % is eyeing a slice of $5-billion opportunity in offering cybersecurity solutions to its 2,000-plus enterprise customers, that is expected to grow 10-12% CAGR in the the next five years.
Narsimha Rao Mannepalli, head of cloud, infrastructure and security (CIS) at Infosys, said there is renewed governance focus from the board on cybersecurity, and the company is betting on it in a big way, adding talent and restructuring a lot of their internal talent to this business segment.
“The security market globally is $20-$30 billion. In that our clients, with the global 2000 customers, the market opportunity we see is $4-$5 billion,” said Mannepalli. Cybersecurity is not a separate business segment for Infosys, but is reported as part of the digital revenues that stood at $803 million for the April-June quarter.
Infosys declined to share specifics. Mannepalli took over as the head of the CIS division over two years ago, and is tasked with dual task of scaling the infrastructure management services practice and help large enterprises customers adopt cloud computing infrastructure. Cybersecurity is a part of the managed services offering that Infosys is currently investing in.
The company will be adding four new Security Operation Centers (SOC) across the world by the end of the financial year to cater to the increasing enterprise security needs of its customers. From websites to data centers, desktops to mobile phones, all the enterprise customers systems is monitored by centralised units known as SOC, that watch over a company’s intellectual property and sensitive personal information of customers.
SOCs are shared services where Infosys would monitor security for multiple customers, and there is dedicated SOCs for large customers. They focus on incidents and alerts the authorities in the event of an attempted breach. The company currently has four SOCs across the world.
