DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | May 05, 2023
Immuta, a leader in data security, today announced a new strategic investment from Databricks Ventures, the investment arm of the data and AI company and pioneer of the lakehouse. The investment builds on a longstanding partnership between the two companies and positions Immuta as one of Databricks’ trusted partners of choice for data security and access control. The investment will go towards product innovation to strengthen the integration between both platforms and new go-to-market initiatives to increase enterprise adoption.
“Immuta is a trusted data security partner,” said Ali Ghodsi, CEO and Co-founder of Databricks. “Over the last six years, we've been successfully collaborating to serve global enterprise customers like ADP, Swedbank, and many others. By integrating directly with Databricks Unity Catalog, Immuta provides a seamless way for our joint customers to protect their data in the Databricks Lakehouse.”
“Through our joint partnership with Databricks, Immuta is now embedded in some of the largest and most complex cloud data projects across industries," said Matt Carroll, CEO of Immuta. "With this new investment, we're going to make our tight integration with Databricks Unity Catalog even better so that our customers can take data security to a new level and continue to unlock more value from their data.”
This investment comes after a year of immense growth for Immuta during which the company reported a 200% increase in Annual Recurring Revenue (ARR) for its Data Security Platform SaaS offering as it expanded globally into EMEA and APAC. This strong and consistent growth has been fueled by an equally strong track record of funding that includes investments from ServiceNow and NightDragon to support the growing demand for data security from customers around the globe.
“As a company with over a million clients doing payroll for millions of people, ADP processes a large amount of data,” said Jack Berkowitz, Chief Data Officer at ADP. “Databricks helps us to manage that data and Immuta plays an important role in administering security and access control. As we look to innovate with new products and implement a multi-cloud strategy, we must treat the data properly – it must be governed.”
“Swedbank needed to build an enterprise-scale advanced analytics platform that would also enforce trust in our security, management, and access to data internally, while protecting our customers’ assets and data,” said Vineeth Menon, Head of Data Lake Engineering at Swedbank. “Immuta and Databricks have been instrumental in helping us build that vision and we are excited to see their partnership go to the next level.”
Forrester Consulting recently conducted a Total Economic ImpactTM study that found Immuta provided benefits totaling $6.08M and an ROI of 175% over three years for a composite organization, which was based on interviews with six Immuta customers. According to the commissioned Forrester study, “The efficiencies the organizations experienced with Immuta coupled with the ability to meet stricter compliance standards enabled them to scale data access across the organizations to better serve internal innovation efforts and, thereby, better meet external customer needs.”
For more information about Immuta’s partnership with Databricks and the new integration between Immuta and Databricks Unity Catalog, please visit https://www.immuta.com/partners/databricks/.
About Immuta
Immuta enables organizations to unlock value from their cloud data by protecting it and providing secure access. The Immuta Data Security Platform provides sensitive data discovery, security and access control, data activity monitoring, and has deep integrations with the leading cloud data platforms. Immuta is now trusted by Fortune 500 companies and government agencies around the world to secure their data. Founded in 2015, Immuta is headquartered in Boston, MA. To learn more about Immuta, click here.
About Databricks Ventures
Databricks Ventures is the strategic investment arm of Databricks, the data and AI company. Databricks Ventures invests in innovative companies that align with our view of the future for data, analytics and AI; and are committed to extending the lakehouse ecosystem or using the lakehouse architecture to create the next generation of data and AI-powered companies.
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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | April 19, 2023
Global security leader Forcepoint today introduced its best-in-class Managed Security Service Provider (MSSP) program for service providers, distribution partners and other resellers.
With managed services based on the Forcepoint ONE Security Service Edge (SSE) platform, Forcepoint partners can simplify Zero Trust security and gain predictable, repeatable revenue streams through cloud-first, hybrid-ready security. Forcepoint ONE also allows partners to quickly differentiate their security offerings with Data-first SASE, integrating SSE with connectivity through FlexEdge Secure SD-WAN solutions. Forcepoint MSSP partners can help enterprises and government agencies turn security into a competitive advantage by increasing productivity, streamlining costs and simplifying regulatory compliance.
“As more and more organizations look to MSSPs for their cybersecurity solutions, the opportunity for partners is absolutely massive with market growth to $53.22B expected in the next several years. And every customer we speak to is on a path to SASE, with many looking to MSSPs for pay-as-you-go solutions that stop threats and data loss while letting users access information and apps securely on any device,” said Myles Bray, Chief Revenue Officer at Forcepoint. “Forcepoint ONE allows MSSP partners to fast forward their journey to Data-first SASE through the delivery of security convergence, subscription model and business tools that enable partners to reduce complexity for mutual customers, drive recurring revenue, and quickly scale their service offerings.”
“Forcepoint’s data-centric focus on security aligns with our vision for proactive protection, detection and remediation,” said Raluca Saceanu, CEO of Smarttech247, a Forcepoint partner. “Smarttech247’s hosted and managed services centered on Forcepoint ONE SSE cloud-native and Forcepoint enterprise data security solutions allow today’s enterprises to manage risk holistically and simplify security operations. This is a game-changer when adversaries are constantly finding new ways to steal confidential data.”
As a channel-first company, Forcepoint will help partners quickly incorporate SASE into their services through its MSSP program. Using the Forcepoint management portal, partners can update customer configurations and offer multi-tenant services with a few clicks. Subscriptions with simple billing help providers scale their profitability when end-user licensing needs change. With no significant up-front expenses, partners can offer Forcepoint ONE and Secure SD-WAN solutions quickly over the internet and customers can add more services anytime.
Forcepoint also provides enablement and training support, including channel managers dedicated to building business plans with MSSPs and distribution partners. Additional Forcepoint MSSP benefits to partners include:
Unified Management: the Forcepoint ONE all-in-one console offers a single set of policies for securing remote, hybrid, and office workers.
Modern: strong Zero Trust data security delivered with a cloud-native SASE architecture.
Global: available everywhere, with 300+ points of presence for managed devices and agentless support for BYOD.
Reliable: 99.99% uptime since 2015.
Profitable: cost competitive, higher margin services.
About Forcepoint
Forcepoint simplifies security for global businesses and governments. Forcepoint’s all-in-one, truly cloud-native platform makes it easy to adopt Zero Trust and prevent the theft or loss of sensitive data and intellectual property no matter where people are working. Based in Austin, Texas, Forcepoint creates safe, trusted environments for customers and their employees in more than 150 countries. Engage with Forcepoint on www.forcepoint.com, Twitter and LinkedIn.
About Smarttech247
Smarttech247 is a multi-award-winning cybersecurity company that helps organizations reduce their risk. Trusted by global customers, our platform provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation, and response. Our service is geared towards proactive prevention and we do this by utilizing the latest in cloud, big data analytics and machine learning, along with our industry leading governance, risk and compliance team.
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DATA SECURITY, PLATFORM SECURITY, SOFTWARE SECURITY
Businesswire | April 17, 2023
NEXTGEN Group Philippines today announced a strategic partnership with Stellar Cyber, an innovator of Open XDR.
The Philippines is home to a growing number of businesses that are increasingly vulnerable to cyber-attacks. In response to this growing threat, NEXTGEN Group has partnered with Stellar Cyber to offer a suite of cybersecurity solutions that will sit alongside NEXTGEN’s diverse and complementary best-of-breed vendor portfolio leveraging their Open XDR platform.
“Partnering with Stellar Cyber allows us to provide our channel partners with a cybersecurity solution that combines the best technologies with expertise, capability and an advanced channel services model from NEXTGEN," said Jenny Diamzon, Managing Director, Cyber Security and Data Resiliency, NEXTGEN Philippines. “Stellar Cyber will be supported by our go-to-market teams and our in-house cybersecurity professionals and proprietary CyberLab platform. We are confident that this collaboration will allow us to help our partners and customers navigate the challenges they face with ransomware and cyber-attacks.”
Stellar Cyber's Open XDR platform combines multiple security technologies into a single, unified platform, providing organizations with a complete view of their security posture. With advanced threat detection and response capabilities, the platform helps organizations stay ahead of the curve and proactively defend against cyber-attacks.
“We are excited to partner with NEXTGEN Group to bring our advanced cybersecurity solutions to the Philippines market,” said Jim O'Hara, CRO of Stellar Cyber. “Our partnership will enable organizations in the region to enhance their cybersecurity posture and better protect their sensitive data leveraging our Open XDR platform.”
The partnership is effective immediately, and interested parties can contact NEXTGEN Group to learn more about the advanced cybersecurity solutions that are available.
About NEXTGEN Group
The NEXTGEN Group is a pioneering technology services group that supports the channel ecosystem. We do this through the active management of a portfolio of established and emerging technology vendors, coupled with innovative and unique services across cybersecurity, cloud, enterprise software, and data management solutions. This model is the next generation of IT solutions, knowledge, service, and delivery. The business is a hub of collaboration within the channel that makes it easy for technology partners to do business with international vendors on complex and ever-changing product suites. Our unique and award-winning combination of specialist knowledge, innovative technology platforms and complementary services enables our partners and vendors to stay relevant and remain ahead in this dynamic IT environment.
About NEXTGEN CyberLab
NEXTGEN CyberLAB is a completely browser based virtual realization platform built on AWS that demonstrates and integrates the world's most innovative cybersecurity solutions. It was created for vendors and channel partners to help them cost-effectively showcase varied technologies in safe and controlled environments, customized for a specific use case.
About Stellar Cyber
The Stellar Cyber Open XDR platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill 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. The company is based in Silicon Valley. For more information, visit stellarcyber.ai.
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