Digital Guardian launches new Engineering and Development Center in Hyderabad

India Infoline News Service | Mumbai | August 16, 2016 15:39 IST

Digital Guardian, a Massachusetts (US) headquartered next generation data protection platform purpose built to stop data theft, today announced the launch of its operations in Hyderabad, India. 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.
 
Some of the largest Data Breaches in history
  • Experian: 200 million records compromised in 2012
  • Heartland Payment Systems: 130 million records in 2008 and 2009
  • Ebay: 145 million records in 2014
  • TK/TJ Maxx: 94 million records in 2007
  • AOL: 92 million records in 2005
  • Anthem: 80 million records in 2015
  • Sony PlayStation Network: 77 million records in 2010
  • U.S. military: 76 million records in 2009
  • JP Morgan Chase: 76 million records in 2014
  • Target: 70 million records in 2013
  • Home Depot: 56 million records in 2014
  • Evernote: 50 million records in 2013
  • Living Social: 50 million records in 2013
  • Sony Online Entertainment: 24.6 million records in 2011
 
The centre at Hyderabad, which is Digital Guardian’s 1st center in India and 7th globally, will be an integral part of the company’s global development centers and will focus on enhancing existing products. As an extension arm to the core engineering department, the India Center will focus on enterprise product development, along with software-security & systems-management innovation. Overall, the India Center will be a driver for revenue while providing a source of optimized engineering and product development.
 
Digital Guardian currently serves prominent corporations like DuPont and GE in India. The company, which currently has over 350 employees globally, aims to hire 150 employees in Hyderabad over the next 18-24 months to sustain its growth rate and accelerate new innovation areas. Digital Guardian saw a significant growth of 42% in its total product orders in 2015 with a 198% 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. The number of data breaches reported in the United States alone has been continuously rising.  Data breach incidents in 2012 were 447 which increased to 614 in 2013 and 783 in 2014. As per Computer Sciences Corporation (CSC), by 2020 around 1/3rd of the overall 35 Zettabyte (35 Billion Terabytes) data produced will live in or pass through the cloud as compared to 0.79 Zettabyte (790 Million Terabytes) data produced in 2009 (44 times increase).

This would create an enormous opportunity for cyber criminals to breach data. 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% from the previous year. The DLP industry is predicted to be growing at a CAGR of 22% through 2019 reaching total annual revenue of US$1.7billion.
 
While making the announcement on entering India, Ken Levine, president and CEO at Digital Guardian said, “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. 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.” 
 
In its 2016 ‘Critical Capabilities for DLP report’, Gartner rated Digital Guardian as ‘#1 for intellectual Property Protection’ while being cited as a ‘Leader’ in the 2016 Gartner Magic Quadrant for Enterprise Data Loss Prevention. Digital Guardian was also rated one of the top places to work by Silicon India Magazine.
 
The company also raised US$ 66 Million in funding in December 2015 and acquired two new companies - Code Green Networks and Savant Protection - to propel the growth of the company while adding key technological advancements.