Digital Guardian, a Massachusetts (US) headquartered next generation data protection platform built to stop data theft, on Tuesday announced the launch of its operations in India.
The engineering and development centre at Hyderabad is the company’s first facility in India and seventh globally.
The company aims to hire 150 employees in Hyderabad over the next 18-24 months to sustain its growth rate and accelerate new innovation areas, said a company statement.
The Digital Guardian (DG) Data Protection Platform is the first Data Loss Prevention (DLP) solution in the market that protects intellectual property and customers’ critical data from threats originating from both inside and outside the organization.
According to the statement, the centre at Hyderabad will be an integral part of the company’s global development centres and will focus on enhancing existing products. As an extension arm to the core engineering department, the India centre will focus on enterprise product development, along with software-security and systems-management innovation.
“There has been a surge of interest and spend trending towards Data Loss Prevention and Endpoint Detection & Response products and deployments in the Asia-Pacific-Japan region. Our presence in India will help Digital Guardian reach these geographies with ease and a much quicker response time,” said Ken Levine, President and CEO at Digital Guardian.
“The presence of global companies and availability of highly educated talent, along with quality infrastructure are some of the factors for us in choosing Hyderabad as a key base market,” he added.
Digital Guardian currently serves prominent corporations like DuPont and GEA in India. It currently has over 350 employees globally.
Digital Guardian saw a significant growth of 42 per cent in its total product orders in 2015 with a 198 per cent in new customer acquisition.
The Verizon Data Breach Investigations Report 2015 cites that there were over 2,100 data breaches in which more than 700 million records were exposed in the 2014 alone.
According to 451 Research, a US headquartered IT research and advisory firm, the total DLP revenue for the leading vendors was $619m in the year 2014, an increase of 26 per cent from the previous year. The DLP industry is predicted to be growing at a CAGR of 22 percent through 2019 reaching total annual revenue of $1.7 billion.