Bengaluru headquartered information technology (IT) solutions provider Happiest Minds on Thursday announced a partnership with Ilantus Technologies to offer identity and access management (IAM) capabilities to its clients.
This partnership will enable Happiest Minds to offer new-gen solutions that can manage and safeguard its customers’ intellectual property from identity and access theft while enhancing their risk and regulatory governance landscape, according to a statement.
The products leverage technologies such as artificial intelligence and machine learning to provide visibility to vulnerabilities arising from identity and access exposure from internal and external factors.
Key use cases under this collaboration includes privileged access management (PAM) and threat analytics, Identity-as-a-Service (IDaaS), identity access management (IDAM) and privileged IDAM for Bots, robotic process automation (RPA)-identity automation, cloud access management, passwordless authentication, predictive identity and access governance, and risk-based/adaptive authentication.
Happiest Minds Technologies will act as a reseller and partner of Ilantus Technologies.
Ilantus provides a slew of IAM products and solutions. Its flagship offering --Compact Identity -- is a converged IAM solution that includes access management, identity administration, identity governance, privileged access management (PAM), and identity analytics. All these services can be operated and managed from one dashboard.
“Ilantus solutions cover a full range of IAM controls and cybersecurity needs with our Converged IAM solution, Compact Identity. This partnership will further strengthen our foothold and empower various verticals of industries with a powerhouse combination of the best solution and talent in the market.” Arun Singh, CEO, Ilantus Technologies, said.
Happiest Minds recently announced a partnership with robotic process orchestration solutions company Enate to offer RPO solutions for enterprise clients.
The company reported a 97.1% year-on-year increase in its net profit for the third quarter ended December 31, 2020.
Its consolidated net profit touched Rs 42.15 crore for third quarter of financial year 2021, up from Rs 21.38 crore for the same period a year ago. Sequentially, its profits increased 23.7%.
As for revenue, Happiest Minds reported a YoY increase of 14.6% to Rs 201.29 crore in Q3 FY21 from Rs 175.5 crore. In Q2 FY21, its total revenue stood at Rs 187.9 crore.
The growth comes on the back of strong demand across all three business units of the company -- Digital Business Services (DBS), Infrastructure Management and Security Services (IMSS), and Product Engineering Services (PES).