Wipro, SRC To Develop Security Solution For Utility Cos

by CXOtoday News Desk    Feb 04, 2015

wipro

India’s third largest IT firm Wipro has partnered with cyber security company SRC Cyber, to jointly develop IT security products and provide consulting services that will serve organizations across the global energy and utilities industry value chain.

Wipro as such brings a range of IT solutions for the cyber security domain. And needless to say it is a leader in the energy and utility sector which accounted for 16.8 percent of the company’s revenues last quarter. SRC Cyber has expertise in solving enterprise challenges using its wide range of cyber solutions.

According to a recent estimate, in 2014 nearly 70 percent companies across more than 10 countries with large economies said that they “have had at least one security breach that led to the loss of confidential information or disruption to operations” in the past year. Wipro and SRC Cyber’s joint value proposition is of strategic importance given this security environment.

The joint offering aims to provide customers with an entire gamut of solutions and services, ranging from strategy development, compliance adherence, operations optimization to project delivery. The companies will therefore in a strategic position to deliver a comprehensive set of solutions that will help customers address current and emerging threats. In addition, Wipro and SRC Cyber will jointly help utilities recognize, address and mitigate internal threats arising from the human interface of their operations, said a compay statement. As Joe Lauko, Managing Director for SRC Cyber noted, the joint expertise can help companies solve some of their biggest data and cyber security problems.

Radha Swaminathan, Vice President and CTO of Energy and Utilities strategic business unit,  Wipro Limited also believes that the combined force will help shape the future of operational security and deliver differentiators that will keep customers protected from malicious activity.

“Wipro and SRC will collaborate on cyber innovation to deliver the next generation of technology solutions for the global energy and utilities market. This innovation will exploit recent advances in physical-cyber convergence, thereby delivering a strong suite of products and services focused on securing operational assets in energy and utility industries,” he said.

Last quarter, Wipro has reported growth of 3.7 percent in the IT services business in constant currency terms, beating analysts’ expectations. The growth last quarter was also the highest in the past 12 quarters, despite the December quarter is seasonally the weakest one for the industry.

It has been reported unlike in previous quarters, where growth was driven by a few segments such as energy and utilities and healthcare, a number of industries, such as retail and transportation contributed to growth last quarter.