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TCS in pact with Canada's Karthika Technologies

India Abroad Correspondent

Toronto-based Karthika Technologies, an encryption solutions provider, and Tata Consultancy Services, a global software solutions and consulting services enterprise, on Tuesday signed a letter of intent to form a strategic partnership that will allow TCS to license Karthika's elliptic curve cryptography.

"The partnership will enable TCS to implement high level cryptographic tools to provide our clients with the best security practices and risk management strategies. Karthika's elliptic curve cryptography will offer our clients a full range of PKI offerings," said Dr M Vidyasagar, Executive vice-president, Tata Consultancy Services.

"By establishing this strategic partnership with one of the world's leading IT and software consultancy firms, Karthika is positioning itself to become a leader in advanced encryption technologies," said Karthika president, Hari Venkatacharya.

Venkatacharya is also co-founder of the South Asia Advisory Committee of the Royal Ontario Museum and is known for innovative international ventures including Banyan Tree Interactive, a private company offering traditional Indian fables to South Asians around the world through multi-media outlets.

Elliptic curve cryptography is considered among the most advanced encryption algorithm used in PKI, SmartCards, Virtual Private Networks and other environments where footprint size, and a high level of security are essential.

Karthika Technologies, headquartered in Toronto, Canada, is in the business of developing higher levels of cryptographic tools for providing digital security, including elliptic curve cryptography and the more sophisticated abelian varieties cryptography.

Founded in November 1999, the privately-owned emerging company this April completed a $900,000 funding round, including a grant from the National Research Council of Canada, through its Industrial Research Assistance program.

Other sources of capital in this early-stage financing include the founding partners and strategic individual investors from around the globe, the company said.

Karthika is also supporting ongoing cryptographic research at Ganita, an independent research center affiliated to the University of Toronto and dedicated to exploring next generation cryptographic tools.

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