Seclore - Enables Organizations to Control Usage of Information Wherever It Goes
An IIT Mumbai incubated company, Seclore is a leader in Enterprise Digital Rights Management (EDRM). It has recently seen a lot of momentum for its product solutions in the past 18 months, especially in the channel partner initiative and the recent government deals that they have closed.
A growing client roster of Global 5000 companies in the BFSI, Pharmaceutical, Government & PSUs, Manufacturing and Automation industries rely strongly on Seclore’s technology to persistently protect information wherever it travels and is stored.
Recently, Seclore has closed a number of major public sector deals and is aiming to expand its government portfolio through partnerships; the most recent being its partnership with RAH Infotech. This association will help Seclore to scale its operations and work closely on more government projects like the ‘Make in India’ initiatives.
An IIT Bombay graduate and a specialist in biometric security systems, Vishal Gupta (Founder & CEO) along with his two buddies – Abhijit Tannu (Founder & CTO) and Manjul Kubde (Founder & Chief Product Architect) – incepted Seclore in 2005.
In an interaction with BW Disrupt, Abhijit Tannu (Founder and CTO at Seclore) talked about the company and shared present status and future plans of the firm.
Genesis
This began as a university project initiated by us while pursuing our management studies at IIT. The project matured gradually and later in 2009 was adopted by the in-house incubation program of IIT Bombay called ‘SINE – Society of Innovation and Entrepreneurship’. We remained operational from the college campus during the initial few years and gradually scaled up by creating a need in the data-centric security industry. Seclore, today has emerged as a global leader in Enterprise Data Rights Management (EDRM). We are Present in 8 locations, with 500+ direct enterprise customers, 6000+ indirect SMB customers, 6.5 mn active users and 550 mn+ documents that is secured daily.
Our innovation-driven approach has given us a distinct stance within the market as well as global recognition from industry leaders like Gartner, Deloitte, and Frost & Sullivan to name a few.
Beginning our stride as a two-member team nearly 8 years ago, today we are a 220+ strong workforce. Operating from Mumbai gave us close proximity to key corporate clients and financial companies, something that was very pivotal during our early days as financial companies are most focussed on digital security.
Description
Seclore is an ‘Enterprise Digital Rights Management’ (EDRM) solutions specialist. The browser-based data-centric security solution enables organizations to control usage of information wherever it goes, both within and outside of the organization’s boundaries. The ability to remotely enforce and audit who can view, edit, copy, screen share and forward information empowers organizations to embrace mobility, file-sharing, and external collaboration with confidence.
Today, exchange of information internally and externally is key to doing business. We offer security solutions that ensure data and files are protected regardless of their format. Our solutions include granular access and usage policies that predetermine the usage of the document.
Seclore has also recently announced the launch of Industry’s First Agent-less Data-Centric Security Solution which enables enterprises to leverage the full power of data-centric security, without requiring downloads or agent installs. Host of powerful new features and integrations, like Automated permission requests, Enhanced file dashboard and activity search, Integration with Microsoft SharePoint 2016, New support for Outlook Web Access etc. were added in the latest release.
Seclore’s solutions are easy to deploy and use. Seclore extends the security of many DLP, ECM, DMS, ERP, EFSS, VDR, CASB, and Mail/Messaging solutions to information that moves beyond the perimeter.
In short, Seclore’s data-centric security solution helps you prevent data loss & address compliance by securing and auditing data wherever it goes.
Differentiation
While many IT firms offers a varied portfolio, Seclore focuses on one thing - creating solutions that enable organizations to protect their most valuable asset – information. Thus, it is no rocket science that Seclore’s industry-leading EDRM solution comes with a bunch of unique features.
Partnering closely with customers, we combine deep industry expertise and uniquely open and scalable persistent data-centric technology to seamlessly extend their security infrastructure beyond the organization. The result is effortless, secure collaboration, in and outside the company, through advanced persistent data-centric protection architected to rapidly close remaining security gaps. This is why we are the most integrated and adopted EDRM solution in the world.
These exceptional features embedded with the solution, in addition to the innovation plinth have brought the company a gamut of recognitions from esteemed platforms across the globe, and helped the company built a prestigious clientele. The customer ecosystem of the company includes, but not limited to, TATA, Larsen & Toubro, Transperfect, Reliance, ThyssenKrupp, Sberbank, R R Donnelley, HDFC and Deloitte.
Funding Status
Last year, we closed our Series B funding which witnessed the participation of Sistema Asia Fund, Helion Venture, VentureEast, along with India Alternatives and raised a total of $12 million (around 80 crore). Our Series A funding was held in April 2013 and was led by Helion Venture as well as VentureEast and resulted in a capital influx of $6 million to Seclore.
Traction Details
Today, the data-centric security services of Seclore are being availed by over 500 direct enterprise customers and more than 6,000 SMB customers, resulting in over 6.5 million active users located across the globe. We protect documents in excess of 550 million on a day-to-day basis. Today, Seclore has a 220+ strong workforce and has offices located in 8 key geographies including Mumbai, Dubai, Delhi, New York, and San Francisco. We also have product partnerships with IBM, SAP, CITRIX, CYMANTIC, and McAfee.
Future Plans
Recently Seclore has committed itself to heavily invest in channels and change its business mix from a direct to an indirect model. Seclore is actively participating with System integrators and VARs in the Digital India campaign because of plethora of opportunities available in the market
We continue to be optimistic about the company’s growth potential and business pipeline. Apart from that, we strongly believe that we play a critical role in market education and have taken the Thought Leadership stance right since the inception.
Market Size & Opportunity
With enterprise data security threats constantly expanding and collaboration of data beyond the corporate border being the ‘new norm,’ protecting perimeters and devices is no longer proving effective. Companies are now adopting solutions that ensure data and files are persistently protected wherever they travel, including while they are at rest, in transit, and at work. No wonder the digital-data security market is anticipated to hit $202.36 billion by 2021. Accordingly, more companies are adopting Enterprise Data Rights Management (EDRM) solutions, which offer persistent and granular usage controls that manage, enforce and audit who can access a file, what the recipient can do with the file, from which device/location, and when.
Unique in the market, Seclore is an EDRM specialist with a decade of heritage in possession, which offers the most advanced technology available, ability to protect any type of file, use protected files on any device, and use the protected file in their native application.
