Hackers beware! Web has a new watchman

By Our Staff Reporter

BANGALORE, JULY. 26. Hackers beware! The Web has a new watchman to tighten security.

And iLantus Managing Director and CEO, Mr Binod Singh, says that the company is the first Indian are to offer "integrated end-to- end IT management services for businesses on the Web."

Speaking to presspersons at the company's official launch here on Wednesday, Mr Singh explained that iLantus -- based at iVega House on Lavelle Road in the city -- would offer four IT management services. "Our services look at Security Readiness Assessment, Portal Management, Security Vulnerability Assessment and Infrastructure Value Enhancement," he said.

The company will open its operations centres at Bangalore and California on August 15, this year. "From day one we plan to initiate ISO 9001 proceedings," said Mr Singh.

The aim behind setting up the company was to exploit the enormous potential offered by the Internet. "The value of E-business in 1999 was $ 130 billion. And, in the past 10 years, U.S. companies have invested $ one trillion. But till date, there has only been 56 per cent utilisation of global corporate networks," he said.

Referring to web security, the CEO regretted the absolute lack of technology to prevent hackers worldwide. "A survey says that 70 per cent of intrusions come from within an enterprise," he pointed out. That was why iLantus wanted to concentrate on that area.

"Besides, Forester Research says that the global IT services market will be $ one trillion by 2008 while the Mckinsey/Nasscom report says that the network consultancy/management market will grow from zero to $ five billion by 2008. Plus IDC says that the market for security products will grow by 70 per cent in 1999- 2000," he added.

The Bangalore-based software services and consultants iVega would act as incubators for iLantus. While he refused to reveal the investment or even the expected revenue, Mr Singh said the company would recruit around 100 system administrators in the next one year. "The Indian operations will constitute five to 10 per cent of the total revenue over a five-year period," he added.

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