With IP security and compliance management solutions running from $50,000 to almost a million dollars, small and medium businesses (SMB) often find themselves in a pickle when it comes to figuring out how to best deploy security solutions.

Fortunately for SMBs, eGestalt – a company with a vision of bringing IT security and compliance to the masses – has found a way to bring these services to the SMBs in an affordable way.

“The goldmine is the SMBs who are not addressed,” Anupam Sahai (News - Alert), president of eGestalt, told TMCnet. “While our solution is applicable for large enterprises as well, we are focused on the SMB space.”

Founded in 2009, eGestalt is pioneering automation and on-demand delivery of integrated IT Security and compliance management software through SecureGRC products and services, according to company officials. In addition, eGestalt is a recognized technology leader for eGovernance and digital infrastructure in emerging economies of Asia.

The company has found a home in a variety of verticals ranging from IT services to retail to security to e-commerce. Recently, the company has found a niche market in the healthcare field particularly as companies look to meet HIPAA HITECH standards. The act is designed to expand the impact and enforcement of HIPAA by defining the penalties for non-compliance of HIPAA.

Last month, the Internal Medicine Associates of Memphis, Tenn., selected the company’s HIPAA solution, SecureGRC SB, to meet its compliance requirements.

Part of how eGestalt has been able to remain a leader in the securities and compliance space is because of its leading edge platform. Specifically, even before cloud computing took off, eGestatlt was at the forefront of that wave with its software-as-a-service based platform.

“Cloud computing started out in 2009 and a lot of people questioned us if that was the right way to go,” Sahai said. “Everyone else did the hardware solution, but we took the bet that this was where technology was going to go.”

The gamble paid off as in the last few years eGestalt has grown to about 45 people and it expects to have 130 employees by the end of the fiscal year, which is next March.

The company is also excited about the growth opportunities it will be presented as the healthcare industry begins turning more and more to securities and compliance solutions.

“Security and compliance is exploding right now in terms of there being a huge unmet demand,” Sahai said. “This whole space is huge. Forrester (News - Alert) calls 2011 the Y2K of healthcare infrastructure.”

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