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Bangalore: Indusface, a leading application security organization, and Misoft, Vietnam's leading information security company have recently developed a strategic partnership to strengthen application security for businesses in Vietnam. Misoft is a dedicated partner for IndusGuard, the total application security product from Indusface. Since its inception in May 2001, Misoft has been recognized as a fast and strong growth information security company in Vietnam.
Vietnam is an emerging player in the technology market with a strong growth potential due to a relatively young growing population. Vietnam's IT spending in 2010 was estimated by Gartner at $3.2 billion. According to Business Monitor International, the Vietnamese IT market is estimated to grow at a CAGR of 16% over the 2011-2015 period. The addressable domestic market for IT products and services is projected by BMI to reach US$4.1bn by 2015. An increasing number of Vietnamese companies have shown an interest in cloud services. Factors such as rising PC and mobile penetration, economic growth, a range of government ICT initiatives and a drive to develop Vietnam's domestic IT industry will help to sustain continued expansion going forward.*
However, the increasing number of online hacking cases in Vietnam has negatively affected individuals and organizations both domestically and internationally. This has made the need for enhanced web and mobile application security in Vietnam a necessity and the country has been working persistently towards a comprehensive information security system bound together by heightened internet security, electronic commerce, and electronic banking. Vietnam ranked fifth among 10 nations worldwide most at risk from information insecurity in 2010, according to the Vietnam Information Security Association (VNISA). Since then, the Vietnamese government and companies alike have been persistently working towards ramping up security.
"With hackers finding new ways daily to attack and compromise priceless data, the requirement to augment application security has become crucial. The need for a comprehensive solution to provide total online security is becoming the mandate. IndusGuard fulfills this need with its enterprise class management features by providing total application security using a unique hybrid model which ensures the best of world mix of automated scanning combined with manual testing for the strongest possible breadth and depth of security coverage whilst adhering to global standards. Misoft will be launching this as a whitelabeled service WebGuard in Vietnam" DR Thanh VQ, CEO, Misoft.
"We are continuously looking to expand IndusGuard's reach on a global scale and are extremely pleased with our venture into Vietnam via our strategic partnership with Misoft. This partnership is addressing the application security requirements for organizations in Vietnam. Misoft has a clear understanding of the Vietnam information security market and are well known as a company that delivers security with their in-depth experience in designing, implementing and supporting security solutions across this region" .said Venkatesh Sundar, VP Business Development, Indusface.
[BWI]