Seclore registers faster growth in IRM

The market size of IRM (Information Record Management) is approximately $900 million. Emphasising on their strong focus into business in the past six years, Kopikar said, “Seclore’s technology is positioned as an Information Security and regulatory compliance product.  The technology is used to protect information leakage and data-breaches from confidential documents and IP.”

Sensitive information gets shared with employees within the company and with business partners (outsourcing vendors) for the purpose of doing business. Seclore's technology helps in mitigating the risk arising from information leakage during the process of sharing information. 

The various Seclore products in this category are: Seclore InfoSource and Seclore FileSecure. Seclore InfoSource allows organizations to outsource with confidence. This means that confidential information which enterprises share with process outsourcing vendors for the purpose of data entry, statement / bill printing, support, etc. can be secured against leakage and misuse. Seclore FileSecure allows you to control the usage of documents before and after the documents have been circulated. This means that documents shared with internal and external parties can be "remote controlled". 

Asked about the opportunities for the channel Partners, Kopikar said, “Access to a variety of sales and marketing resources, attractive incentive programmes, qualified lead training and attractive rewards are the attractions for the channel community in today's tough business environment.” 

When asked about the benefits to its customers, he spoke about the usage of Seclore FileSecure. Enterprises and individuals can apply document usage rights for restricting or allowing actions like viewing, editing, printing and distribution. FileSecure supports multiple file formats including MS Word, MS Excel, MS PowerPoint, PDF, Text-based Files and Images. The market potential for IRM is growing at a brisk rate of 40 per cent year on year. 

ICICI Bank, HDFC, Kotak, Reliance Capital, Panasonic, L&T and Thyssenkrupp are some of their valued customers. Seclore is adding one vertical every year. Currently, Seclore is working with financial services and engineering/ manufacturing services companies. And now, Seclore is getting into educational, legal, healthcare/ pharmaceutical, construction/ infrastructure and advertising verticals.