Network Threat Detection, Platform Security, Software Security
Businesswire | July 27, 2023
Coro, the modern cybersecurity platform for mid-market organizations, today announced the acquisition of Privatise, an Israeli supplier of network security solutions for in-office and remote work. The acquisition adds critical SASE capabilities to Coro’s all-in-one platform and is part of an aggressive growth strategy, fueled by Coro’s $155M funding over the last 12 months, to expand the capabilities of Coro’s cybersecurity platform both organically and through strategic acquisitions.
As the network edge continues to expand, Gartner predicts that by 2025, 80% of enterprises will have adopted a strategy to unify web, cloud services and private application access using a SASE/SSE architecture.** The challenge for mid-market organizations – who have lean IT teams, limited budgets and little to no cybersecurity expertise --is managing the cost and complexity typically associated with SASE implementations.
With the Privatise acquisition, Coro now offers a single source of comprehensive security and protection -- all managed through a unified, cloud-based platform -- for any organizational configuration. Coro’s SASE solution includes military grade VPN, Secure RDP, ZTNA, Next Generation Firewall, DNS Filtering, and is fully integrated into Coro’s holistic security architecture, eliminating security gaps caused by siloed approaches to SASE. Whether a company’s assets are cloud first, on-prem, or hybrid, Coro can protect the user, the device they use, the network they connect through, their emails, and the data they access, use and share, all while ensuring compliance with critical supply chain and industry regulations.
“Since its founding, Coro has focused on delivering a comprehensive, yet affordable and easy to use cybersecurity solution for mid-market companies,” said Guy Moskowitz, CEO, Coro. “By integrating Privatise’s SASE capabilities into our platform, we offer the industry’s first mid-market solution to deliver cloud-native, seamless and secure access to applications and resources regardless of location or device. We will continue to invest in Coro’s platform, both organically and through acquisition, to help companies strengthen their security posture and improve their operational efficiency.”
The Privatise acquisition is the latest milestone in Coro’s growth and momentum. In April, the company announced a $75M funding round from Energy Impact Partners, bringing the total funding raised in the last 12 months to $155M. Coro projects it will grow 300% year-over-year in 2023, extending its extraordinary 300% annual growth record to a 5th year in a row.
The Company’s modern approach to cybersecurity – delivering enterprise grade security through a single platform that unifies, simplifies and automates workloads -- has been validated by more than 5000 mid-market customers across every vertical industry. Over the past year, Coro tripled its revenue, customer and employee base, and signed more than 100 new channel partners.
Coro provides modern cybersecurity that unifies comprehensive protection into a single platform. Coro empowers organizations to defend against malware, ransomware, phishing, data leakage, insider threats and email threats across devices, users, and cloud applications. More than 5,000 businesses depend on Coro for protection, unrivaled ease of use, and unmatched affordability. Coro’s cybersecurity platform automatically detects and remediates the many security threats that today's distributed businesses face, without IT teams having to worry, investigate, or fix issues themselves. In addition to Energy Impact Partners, investors in Coro include Balderton Capital, JVP, and Ashton Kutcher’s Sound Ventures.
Data Security, Certifications and Training
businesswire | July 10, 2023
Node4, a cloud-led digital transformation Managed Services Provider (MSP), has today announced the acquisition of ThreeTwoFour, an award-winning information security and technology risk specialist. The acquisition is Node4’s third significant growth purchase in the last 18 months, having also bought risual, an IT managed services and solutions provider and Tisski, a leading UK-based independent Microsoft Business applications partner.
ThreeTwoFour is renowned for its extensive suite of information security services, including programme delivery, cyber strategy, risk and control assessment and governance. It also brings strong experience across the financial services sector, broadening Node4’s reach. In addition, ThreeTwoFour’s expertise in M&A Cyber Due Diligence adds further capabilities to the Node4 solutions and services portfolio.
The acquisition significantly enhances Node4’s security and transformation capabilities, particularly for enterprise-level clients. Drawing on ThreeTwoFour’s capabilities, Node4 will also be better equipped to meet the increasing requirements in the public sector and government frameworks for effective cyber security solutions.
ThreeTwoFour’s founder, Alex Coburn, along with his leadership team, will remain with the business as it integrates with Node4. The strongly-positioned ThreeTwoFour brand will also function as the consultative arm of Node4’s security practice.
With its core team based in the UK, ThreeTwoFour is also supported by specialists working remotely from all over the world. In the past two years, the company has deployed team members from three continents and eight different countries, enabling it to support clients around the clock.
“The ThreeTwoFour team are highly experienced and skilled professionals with a strong leadership team and exceptional track record of success,” commented Andy Gilbert, CEO and Founder of Node4. “The organisations are also a great cultural fit and together, we anticipate driving strong growth across our shared customer base and beyond. We look forward to working closely with Alex and everyone at ThreeTwoFour.”
“We are delighted to join forces with Node4, whose reputation for customer-focused excellence is second-to-none across the UK technology industry,” said Alex Coburn, Founder of ThreeTwoFour. “By integrating our expertise and Node4’s existing services portfolio, we are confident that we can deliver market-leading security and risk solutions for enterprises and SMEs alike.”
Alongside its Cyber Essentials Certification, the firm provides expertise in Identity and Access Management, Privileged Access Control, Security Architecture, Data Loss Prevention, Security Operations, Vulnerability Management, NIST, ISO27001, SANS and other Risk Management Frameworks.
Node4 empowers private and public sector organisations across the UK to deliver positive outcomes, through technology and innovation. Thanks to a broad portfolio of fully managed services including Business Applications, Modern Workplace, Cloud, Network, Data and Security, clients are empowered to reach their strategic goals. Node4 fully owns its own a network of data centres, points of presence and operates best-in-class integrated tooling. Alongside strategic relationships with market-leading vendors such as Microsoft, Cisco and Fortinet, Node4 brings together the best options for infrastructure, platforms and applications, tailored to the needs of their clients.
Platform Security, Software Security, Cloud Security
Businesswire | July 25, 2023
Stellar Cyber, the innovator of Open XDR technology, announced today that all Stellar Cyber Open XDR Platform users can now secure their OT environments on the same platform with the same license they use to secure their IT environments. Combining IT and OT security in a single platform gives security teams a permanent advantage over attackers who frequently attempt to exploit weaknesses and vulnerabilities identified in an IT environment to move laterally into an OT environment to carry out an attack, and vice versa.
Recent studies found that in 2021, over 90% of manufacturers had their production or energy supply impacted by a cyberattack. “With attacks so prevalent, you would think most security vendors would attempt to provide an easy-to-implement OT security solution, but that is not the case,” said Sam Jones, VP of Product Management at Stellar Cyber. “We found that with our open data architecture and built-in network security (NDR) capabilities, we can detect the most common OT environment cyber-attacks without burdening the security team to create OT-specific detection content.”
OT environments require different deployment models based on their OT architecture. Stellar Cyber’s agentless deployment and its partnership with Garland Technology (a leading provider of network visibility products), make it easy for customers to incorporate their OT environment assets into the Stellar Cyber platform.
With Stellar Cyber, security teams can now automatically detect the following:
Many flavors of SCADA protocols
SCADA network segmentation violations
Malicious or suspicious file transfers
Several existing Stellar Cyber customers are already incorporating their OT environment assets into the Stellar Cyber Platform and gaining never-before-seen insights into the attacks targeting their OT environments. “Securing my OT environment seemed unrealistic given my resources and budget, but now that I can use the Stellar Cyber Platform for both my IT and OT environments, my security team is delivering better security outcomes across the entire organization, protecting our bottom line,” said a SOC manager for a mid-sized manufacturing organization.
“Securing an OT environment should not be exclusively available to organizations that have embedded OT expertise in their security teams,” said Sam Jones, VP of Product Management of Stellar Cyber. “With our platform, all customers can now reduce the risk of a widespread breach that might bring the shop floor, a utility turbine, or a critical manufactory line offline.”
About Stellar Cyber
Stellar Cyber’s Open XDR Platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill level to secure their environments successfully. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR.