SonicWall expands R&D centre in B'luru

US-based cyber security firm SonicWall is expanding its Research and Development (R&D) facility in Bengaluru by moving into 65,000 sq feet office that will house all teams- engineering, local support, and sales.

The company also plans to expand its workforce from the present 300 plus to over 400 in the next couple of years.

“We will be doubling our engineering workforce,” said Atul Dhablania, COO and SVP Engineering, SonicWall.

He added that talent here in India is too good and with the new office as well as local support they can serve more number of clients.

Recently, in the mid-year update of the 2018 SonicWall Cyber Threat Report, it reported an increase in ransomware attacks in the first six months of 2018. There have been 181.5 million ransomware attacks year to date. This marks a 229% increase over this same time frame in 2017, it pointed out.

The SonicWall Real-Time Deep Memory Inspection (RTDMITM) technology protects customers from Spectre chip-based attacks.

According to research company MarketsandMarkets, the cybersecurity market is expected to grow from $152.71 billion in 2018 to $248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2018–2023. The cybersecurity market is growing rapidly because of the rising need for cloud-based cybersecurity solutions among Small and Medium-sized Enterprises (SMEs), it said.

SonicWall, which has been in India for over two decades now, sees India as a huge market.

India is moving towards the cashless economy and there come many issues in terms of cyber threats. “There is awareness about different threats, and we are planning to educate more and also provide solutions to India-specific needs,” Dhablania said.

The company has been growing in double-digits and it aims to grow multifold in the country. With its new facility in Bengaluru, it wants to expand more in the country.

SonicWall wants to deliver powerful cybersecurity for organisations of all sizes and budgets. It has been validated by NSS Labs. “NSS Labs strongly positioned SonicWall and has recommended it,” Dhablania added.