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Bureau Veritas Lanka has audited and certified hSenid Business Solutions PLC (hSenidBiz) with ISO/IEC 27017:2015, marking a significant milestone in cloud security practices in Sri Lanka.

ISO/IEC 27017:2015, a globally recognised standard tailored for cloud security underscores hSenid’s ongoing dedication to the implementation of cloud security best practices along with its dedicated cloud security team, ensuring the safeguarding of sensitive information stored and processed remotely.

hSenid Business Solutions PLC CEO Sampath Jayasundara said: “At hSenid, we are committed to continuous improvements of security and reliability for our cloud services. It is a reaffirmation of our firm commitment to data security that we have achieved ISO 27017 certification, demonstrating our readiness to meet the increasingly demanding needs of our customers. We’re pleased to introduce cloud security standards in Sri Lanka, and we look forward to offering our clients more confidence in their data.”

Bureau Veritas Lanka Country General Manager Shan Nanayakara said: “Congratulations to hSenid for reaching this milestone as the first organisation in Sri Lanka to achieve ISO 27017 certification for Cloud Security Control. We are glad to be the auditing and certifying organisation for hSenidBiz.”

Consultancy service was provided by Ernst and Young, a globally reputed name in its field. Ernst and Young Senior Manager, Technology Consulting Gayan Wijesundara said: “It has been a great privilege to be the Consulting Partner for hSenid throughout the certification journey all the way from the initial gap assessment, implementation, pre-readiness assessment and certification support for both the ISO 27001 and ISO 27017 Standards.

“We strongly believe that hSenid has set the benchmark for the whole industry as to how to establish an industry-leading Cloud Security Framework as per the leading international standards for cloud platforms hosted on global public cloud Infrastructure with a view to ensuring not only the quality but also the Information Security of its service offerings to its local and global clientele.”

Source : https://www.ft.lk

hSenid Business Solutions (hBS) announced its earnings results for the period ended 30 September 2023, reporting a total revenue of LKR 400.3 million for the concluded quarter. The primary driver of revenue growth can be attributed to the success of the PeoplesHR Cloud business, which accounts for 56 percent of company revenues. A majority of new business was generated in the APAC markets yielding results for the investments made in talent recruitment and market development initiatives in this region. Driven by the Cloud business, core recurring revenues now account for a notable 55 percent of total revenues. Amidst ongoing investments in sales and marketing initiatives, company earnings have shown an improvement from the preceding quarter, indicating positive signs of the stabilisation in costs and company net earnings.

hSenid Business Solutions (hBS) reported its results for the period ended 30 June 2023, with revenues up 16.3 percent year-over-year. Topline growth was supported by its core PeoplesHR Cloud offering. Recurring revenues accounted for 52.0 percent, driven by PeoplesHR Cloud. Region-wise, APAC and Sri Lanka contributed strongly to topline growth. Company earnings, however, were impacted during the quarter due to investments in talent, marketing initiatives and higher project implementation costs.

hSenid Business Solutions (hBS) has reported its results for the period ended 31 March 2023, with revenues up 32.7% year-over-year for FY23.