With the integration, Tech Mahindra now provides LookingGlass' Threat Intelligence-as-a-Service solutions to more than 885 global customers across the telecommunications, healthcare, retail, banking and finance and travel and hospitality industries, according to a prepared statement.
The Threat Intelligence-as-a-Service integration also enables Tech Mahindra to provide information security, brand security or physical security monitoring and protection to customers, LookingGlass indicated.
Tech Mahindra Unveils Andhra Pradesh SOC
In addition to the LookingGlass integration, Tech Mahindra has launched a security operations center (SOC) in Andhra Pradesh, India. The SOC's security coverage extends to all central and Andhra Pradesh government entities.
Founded in 1986, Tech Mahindra provides information technology, networking technology and business process outsourcing solutions to organizations around the world. Tech Mahindra recorded $4.6 billion in revenue last year and continues to take steps to extend its reach in the managed security services market.
Tech Mahindra's Advanced Threat Management Services provide end-to-end intelligent enterprise security. They include several managed security services, such as:
- Cognitive security analytics.
- Security information and event management-as-a-service (SIEMaaS).
- Threat hunting.
- Threat management-as-a-service.
- Vulnerability management-as-a-service.
Tech Mahindra also offers a Next-Gen SOC service based on threat intelligence, threat hunting and context-based incident response.
What Does the Future Hold for Tech Mahindra?
Tech Mahindra's LookingGlass integration and Andhra Pradesh SOC could help the company capitalize on an Indian managed security services market that is projected to grow.
The Indian managed security services market grew 24 percent year-over-year in 2016, market research firm Research and Markets indicated. Key factors that drove this market's growth included:
- Digital India campaign to improve India's online infrastructure and increase internet connectivity across the country.
- Rapid adoption of artificial intelligence (AI), blockchain and bitcoin.
- Rising demand for cybersecurity services by organizations across the banking and finance, manufacturing, aviation, healthcare and retail sectors.
The global managed security market is projected to expand at a compound annual growth rate (CAGR) of 14.7 percent between 2018 and 2023, according to research services provider MarketsandMarkets. Furthermore, MarketsandMarkets estimates the global managed security services market could be worth nearly $47.7 billion by 2023.