Bengaluru based information technology (IT) solutions firm Happiest Minds Technologies has signed a managed service provider (MSP) agreement with identity security and access management giant CyberArk.
Under the pact, a statement said, Happiest Minds will deliver next generation end-to-end privileged access management (PAM) services to enable a secure digital transformation journey for customers around the world.
The company will work with CyberArk to address the evolving need for credential management in multi-cloud environments, DevOps pipeline, robotic process automation, and other segments through end-to-end consulting, implementation, and maintenance services.
“...this agreement is in line with our vision to help our customers’ complex security requirements through simplified, robust, and next-gen security solutions,” Vijay Bharti, senior vice president and CISO at Happiest Minds Technologies, said in a statement.
“With our strong domain expertise in identity and access management, PAM services have always been core to Happiest Minds Security services, and our expanded relationship with CyberArk will further bolster our customers’ defenses against advanced attacks targeting identities and credentials,” he added.
The partnership comes amid growing cybersecurity related concerns in the new normal, where people working from home could become victims of unauthorized access, resulting in a breach.
According to an IBM 2020 report, a data breach costs an organisation about $4 million and takes about 280 days to be identified and contained. Security solutions and services made nearly a little over 9% of Happiest Minds’ revenue in the fourth quarter ending March 31, 2021. The total revenue of the firm grew 17.6% YoY to Rs 223.7 crore.