Tech Mahindra recognized as a Disruptor in Avasant’s Cybersecurity Services RadarView™ Report
Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as a Disruptor for Cybersecurity Services 2019.Read the Avasant report
AVASANT ANALYST INSIGHTS
- Tech Mahindra expects its cybersecurity business to grow at a 3-year CAGR of 30-40%, focusing on the Indian market first and then followed by the business from the US, UK, Europe and Asia-Pacific. The security services include Consulting, Implementation, Integration, Optimization of Managed Services in the areas of GRC, Application Security, SIEM, IAM, Network and Data Security.
- It specializes in IAM products and IAM functionalities which includes Identity management, role management, access management and others. Additionally, it has partnerships with leading IAM vendors and has Multi-product IAM lab.
- Tech Mahindra caters to 140+ large global clients, including 5 Fortune 20 companies. Its focus is on critical infrastructure, cyber police and defense forces, followed by the IoT market in the US.
- Possess domain expertise across industry including Telecom, BFSI, Government, Healthcare, Education etc.
- Tech Mahindra has partnerships with 60+ industry leading players and technology innovators. It collaborated with IBM to offer managed SOC services and partnered with CA Technologies to provide IAM services.
- In 2018, it partnered with multiple vendors to strengthen its SOC capabilities: Balbix (to offer Cyber risk platform which uses deep learning and AI algorithms), LIFARS (for Digital Forensics & Incident Response Cybersecurity Platform), and Israel’s ELTA Systems (for designing SOC, CERT, and forensic laboratories for enterprise customers and the government).
Investments and Innovation
- Tech Mahindra has made strategic investments to strengthen its vertical play. For instance, it partnered with the security arm of government-run Israel Aerospace Industries (IAI) to develop a technical security solution for utility firms and critical infrastructure. To strengthen its position in healthcare provider space, it acquired CJS Solutions Group in 2017, a US-based healthcare information technology consulting company.
- As a part of TechMNxt charter, it is investing in reskilling employees in NextGen technologies including cybersecurity and have trained 70% of its IT workforce in digital skills. It has partnered with FutureSkills, an initiative by NASSCOM, to drive this reskilling program.
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