RSA loks for more buyouts in India
RSA, the security division of US-based software firm EMC Corp, is looking for more acquisitions in India, after buying out Hydrabad-based Valyd Software. The company based in Bedford Massachusetts, is looking for companies in identity protection and security management sector in the country.
The company also plans to increase the share of research output from India development centre in its product development effort, said RSA global president Arthur Coviello Jr. R&D contribution from India should rise as high as 40% of global research within firve years, he said.
He said that they were looking for acquiring small companies having upto 100-200 employees and those which fill the gaps in RSA’s portfolio offerings. RSA, which was bought by EMC for $2.1 billion last year, has grown through acquisitions in 2007.
Besides Valyd Software, it has bought California based data loss prevention solutions company Tabulus and Florida based authentication solutions provider Verid. He said that they were also planing for India operations to contribute as much as 10% of global revenues for the company.
Coviello, who is also the executive vice president at EMC, said the company plans to achieve thise numbers by tapping demand from information technology, business process outsourcing, telecom, financial services and government.
RSA Information Security revenues for the second quarter of 2007 grew 21% to about $125 million. The company employs 300 people in India and has development centre in Bangalore. Experts place the Indian security market at around RS.360 crore with the authentication, authorisation and access market having a near 52% share.
