HCL Security today said it has signed an agreement with technology firm Cisco for delivering IP-based safety and security solutions.
The collaboration will combine the strengths of Cisco with HCL Security to deliver safety and security solutions in India initially and later in other countries, the security solution provider said in a statement.
As part of the collaboration, the subsidiary firm of HCL Infosystems will use Cisco's technology to build a command-and-control centre for security solutions providing customers features of prevention, automated detection, analysis and coordinated response to incidents.
"Collaboration with a like-minded global technology pioneer like Cisco will enable us to jointly provide best in class security solutions," HCL Security Chief Executive Officer Rothin Bhattacharyya said.
"We recognize that the mission of public safety and security is at the heart of economic capacity, potential, and growth. Our collaboration with HCL Security will help us better address safety and security projects and customer requirements," Cisco Vice-President (Safety and Security - Smart+Connected Communities) Dave Stone said.
According to a Frost and Sullivan report, India's security market is worth about one billion dollar and growing at a CAGR of 20 per cent, it is expected to touch $9.6 billion by 2016. The global security market is pegged at $100 billion.
