Provision: Companies increase IT security investments amid wave of redundancies

5 sep 2010 Autor: Adrian Seceleanu

The tens of thousand people laid off since the onset of the crisis have created an opportunity for IT security solutions providers because a large part of companies that cut personnel have also invested in applications guaranteeing the former employees would not transfer or have access to confidential information, says Iulian Medeleanu, CEO with Provision IT security solutions distributor.
"For two years, since Romania has been witnessing mass layoffs, demand for data loss prevention solutions has been on the rise," Medeleanu stated.
"DLP solutions saw the highest increase last year. We've also worked for clients that thought of implementing such solutions before experiencing problems and cutting personnel. There have also been companies to which we recommended such solutions. We've witnessed growth along this segment this year, too".
The implementation of a DLP solution can reach even several hundred thousand euros in the case of large companies, stated Medeleanu without providing details about clients.
Provision group is made up of six units, with the security one as the most important. Projects related to IT security will be the group's growth driver this year, as well, as the learning unit is still new and online retail is falling.