Archer launches new SaaS data center in India to support local customers

U.S-based risk management solutions provider Archer Technologies, announced its new data center in Bengaluru, India on Monday. The new software-as-a-service (SaaS) data center in India aims to provide local customers with a secure, highly available, and scalable platform for managing risks. 

Speaking to TechCircle, Sam O’Brien, VP, Sales & GTM, APAC, said, “We see India as a strategic market for its governance, risk and compliance offering both in terms of local demand for the solution, as well as a strategic location for talent & operations.”

India has been a strategic location for Archer business with a thriving local customer base and a large R&D team already serving the market. The company has an existing center in Mumbai, India with over 100 employees currently.

O’Brien added that the company has increased its local India based team to more than 100 employees – covering functions including research and development, delivery, operations and support and sales and consulting. 

While many of Archer's customers in India already utilize the company's existing SaaS infrastructure in Asia-Pac, the United States, and Europe, the new SaaS data center in India will provide extensive support to Archer's expanding customer base in the country, while also meeting the expectations of local regulators regarding the availability of cloud services onshore.

The team in India is actively working with multiple marquee Indian customers in financial services and IT/IS to already run risk workloads in the cloud and to migrate some on-premises deployed customers to Archer SaaS since 2011, said O’Brian. 

He emphasized the importance of risk technology, stating that in today's world, companies need access to reliable, scalable, and flexible risk management approaches in order to not only survive but thrive. 

“We are actively working with numerous organizations in India to assist them in managing regulatory complexity,” O’Brien said, noting that not only are established companies in energy, banking, and healthcare, outgrowing their Excel or ticket-based risk programs, but many Indian start-ups in new verticals such as FSI, FinTech, eCommerce, and manufacturing are also recognizing the need for world-class risk technology early on in their journey.

O’Brien stated, some of the key factors driving this trend include India's Digital Personal Data Protection Act, the Reserve Bank of India's (RBI's) Direction on IT Governance, Risk Management, and Cyber Resilience, and various amendments to SEBI's requirements pertaining to risk management practices and hosting.