NETWORK THREAT DETECTION
SilverSky | January 11, 2022
SilverSky, a cybersecurity innovator offering powerful managed detection and response (MDR) services, today announced it completed the acquisition of Burlington, Massachusetts-based Cygilant.
As a leading cybersecurity-as-a-service provider, Cygilant operates a security operation center (SOC) in Belfast, Northern Ireland and also boasts some of the world's most notable Ph.D.-level talent focused on cybersecurity, advanced networks and data science. The addition of Cygilant's UK-based delivery center complements the current SilverSky footprint in Asia and North America while expanding SilverSky's access to European markets.
In October 2021, SilverSky announced that ITOCHU International, Inc., the North American flagship company of Tokyo-based ITOCHU Corporation, made a strategic investment of $31.5 million in SilverSky. Additionally, in August 2021, SilverSky announced the completed acquisition of New Jersey-based Advanced Computer Solutions Group, LLC (ACSG) which added a notable customer base within the U.S. education sector and marked the company's first acquisition in a series of planned growth opportunities.
"Alongside our recent growth-related announcements, this acquisition of Cygilant, a cybersecurity-as-a-service and threat-intelligence powerhouse, helps to further galvanize our efforts to globally expand the SilverSky presence as well as retain and nurture some of the industry's best cybersecurity and data science talent," said Richard Dobrow, CEO at SilverSky. "Cygilant shares our commitment to rich-service offerings that are unmatched in the industry. We're pleased to welcome the Cygilant team and their customers."
"We are excited to join SilverSky,This represents a significant next-chapter of the Cygilant journey, as our innovative SOC capabilities and deep bench of cybersecurity expertise are combined with one of the industry's most comprehensive MDR offerings. The outcome for our customers will be access to the collective set of broader managed services that will continue to enrich their cyber protections and strengthen their security posture."
Rob Scott, CEO and President at Cygilant who will be joining SilverSky as its Chief Strategy Officer
Organizations of all sizes face the same cybersecurity threats, compliance mandates, and business risk as Fortune 500 companies. SilverSky levels the playing field and enables companies, regardless of their size, to access enterprise-grade cybersecurity to meet regulatory requirements, proactively respond to threats, and rapidly reduce risk. SilverSky offers one of the most comprehensive managed detection and response (MDR) solutions in the industry. Delivered as a managed services model, SilverSky MDR makes powerful cybersecurity simple, affordable, and accessible to organizations of all sizes and across industries. Customer environments are monitored 24x7x365 by highly skilled security operations analysts in SilverSky SOCs, which were developed based on military-grade security and are powered by the latest integrated technology. SilverSky has more than 20 years of operational cybersecurity success defending thousands of customers in some of the most demanding industry sectors.
LogicBoost Labs | March 09, 2022
LogicBoost Labs, a startup accelerator focused on promoting the growth of early-stage B2B SaaS startups, announced today an investment into Information Shield, a provider of products and services that help automate the process of building and validating a robust cyber security program.
The investment package includes putting cash on the balance sheet for growth and expert advice in sales, marketing, customer success, and tech development from the in-house team of LogicBoost Labs experts.
Supported by a panel of leading information security experts, Information Shield and its ComplianceShield software solution allow organizations to quickly validate cyber security readiness to customers, regulators, and insurance providers. Clients can save thousands of dollars and weeks of effort when addressing third-party risk assessments and preparing for external certifications for compliance frameworks, including ISO 27002, NIST-CSF, HIPAA, CMMC, among many others.
"Having spent 15 years working in cybersecurity, I've seen firsthand how difficult it can be for companies and their IT teams to meet compliance mandates. Information Shield dramatically reduces the amount of time it takes to build, roll out, and validate your modern cybersecurity program to meet internal requirements and your client's needs."
Jonathan Cogley, Founder and CEO of LogicBoost Labs
David Lineman is president and CEO of Information Shield, Inc., a global provider of information security leading practices. Lineman has more than 25 years of software, security, and information technology management experience, and holds 3 patents on software technology, and has consulted on information security policy development for over 50 organizations.
"If your business is handling information, you need to have a defensible cyber security program in place that addresses key industry standards," said Lineman. "Using our Security Wizard and Common Control Library (CCL), we have dramatically simplified the process by helping organizations quickly build programs that address key regulations and frameworks. Built-in security policy templates enable rapid documentation and key supporting evidence to support external audits, such as SOC II or ISO Certification. We have leveraged our experience with over 8000 customers in 100 countries to create a tool that is both robust and affordable."
About LogicBoost Labs
LogicBoost Labs is a startup accelerator designed to advance the growth for pre-revenue and early-stage B2B SaaS startups. As such, LogicBoost Labs offers a full-service line-up of resources and capabilities to further increase the likelihood of a young company's success. Each portfolio company has full access to LBL's talented pool of experienced executives whose sole job is to guide and mentor the start-ups on such matters as staffing, sales, marketing, technical support, and customer success. The ultimate goal: take the start-up from early revenue or pre-revenue to 1 million ARR.
About Information Shield
Information Shield provides customers with time-saving products and services to help build, update, and maintain a defensible information security and data privacy program. Based in Houston, Texas, Information Shield has over 10,000 satisfied customers in 100 countries, covering a variety of markets including financial services, healthcare, non-profits, government, and retail.
Axonius | January 20, 2022
Axonius, the leader in cybersecurity asset management, today unveiled Axonius SaaS Management, a new comprehensive solution that helps security, IT, finance, and risk teams control the complexity, cost, and risk of software as a service (SaaS) with a single source of truth into their SaaS application landscape.
As businesses rapidly increase consumption of SaaS applications, they face acute IT, security, and business challenges. The rate of SaaS adoption makes manual approaches to gaining a credible SaaS asset inventory woefully inadequate and exposes extremely difficult visibility challenges into both known and unknown SaaS applications. Compounding these visibility challenges, companies struggle to identify how data flows between apps, manage a myriad of configurations, and close security gaps, as well as track licensing and spend, across hundreds sometimes thousands of SaaS applications.
Axonius SaaS Management lets customers address the operational and financial challenges of SaaS asset management, as well as the security and risk gaps, all via a seamless, nonintrusive deployment that delivers actionable insights from day one. This is the first product delivered by AxoniusX, the company’s innovation-focused business unit that launched in June 2021.
“Over the past few years, we’ve seen tools emerge that address some aspects of SaaS management from either the business side or SaaS security posture management, but these approaches still leave companies with gaps in visibility and siloed information,We’ve built on our unique approach to cybersecurity asset management to deliver the same results for SaaS applications. With our rich history in building and maintaining API integrations with SaaS solutions, Axonius has the expertise and market traction to bring massive value to organizations struggling with the complexity of modern apps and infrastructure.”
Amir Ofek, CEO and co-founder of AxoniusX
Axonius SaaS Management uses adapters (API connections to data sources) and proprietary SaaS discovery tools to create a detailed inventory of all SaaS applications, permissions, and data flows. By connecting to all layers of the SaaS application stack, the solution discovers both the SaaS applications known to and sanctioned by organizations as well as shadow and unmanaged apps. This approach provides comprehensive visibility into all data types and interconnectivity flows, identifies misconfigurations and data security risks, and delivers actionable insights for better IT management and cost optimization.
Axonius SaaS Management integrates with Axonius Cybersecurity Asset Management to provide a comprehensive platform that unifies all digital assets from SaaS apps to devices, user accounts, cloud assets, and more so customers can easily and effectively control complexity across the entire IT environment.
Axonius gives customers the confidence to control complexity by mitigating threats, navigating risk, automating response actions, and informing business-level strategy. With solutions for both cyber asset attack surface management (CAASM) and SaaS management, Axonius is deployed in minutes and integrates with hundreds of data sources to provide a comprehensive asset inventory, uncover gaps, and automatically validate and enforce policies. Cited as one of the fastest-growing cybersecurity startups, with accolades from CNBC, Forbes, and Fortune, Axonius covers millions of assets, including devices and cloud assets, user accounts, and SaaS applications, for customers around the world.
Edgile | December 24, 2021
Wipro Limited, a leading global information technology, consulting and business process services company, today announced it has signed an agreement to acquire Austin, Texas headquartered Edgile, a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity.
Edgile is recognized by security and risk leaders for its unique business-aligned cybersecurity capability, deep understanding of the changing regulatory environment and enabling cloud transformations that help secure the modern enterprise. In addition, the company’s “strategy-first” approach and “Quick Start” solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services.
Together, Wipro and Edgile will develop Wipro CyberTransform™, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies, and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, Wipro CyberTransform™ will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains all in a highly secure manner.
“Adding Edgile’s strategic consulting capabilities and launching Wipro CyberTransform™ are significant milestones on our journey to becoming the trusted partner to security leaders and boardroom stakeholders. I see the team blending very well with Wipro’s CyberSecurists to deliver transformational cybersecurity on a global scale.”
Tony Buffomante, Senior Vice President & Global Head – Cybersecurity & Risk Services, Wipro
Don Elledge, Chief Executive Officer, Edgile, said, “We are immensely thrilled to join Wipro, a company we admire for its values and deep technology capabilities. Our collective full spectrum of cybersecurity risk consulting and security management capabilities will help our global customers to continue to securely embrace their digital transformation journey and sustain their on-going risk management priorities.”
Earlier this year, Wipro strengthened its cybersecurity business by acquiring Ampion, a leading provider of cybersecurity services in Australia, and the cybersecurity practice at Capco, a leading consultancy in the BFSI sector in Europe and the US. Additionally, through its Wipro Ventures arm, the company continues to invest in innovative cybersecurity start-ups, demonstrating the firm’s strong commitment towards providing industry leading cybersecurity solutions across sectors and regions.
Abry Partners, a minority private equity investor in Edgile, will fully exit its investment in Edgile as a result of this transaction. Piper Sandler acted as financial advisor to Edgile and Stone Key Partners LLC acted as financial advisor to Wipro for the transaction.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Edgile is the trusted leader in cybersecurity transformation and risk services partnering with the world’s leading organizations, including 31% of the Fortune 100 and 20% of the Fortune 500. Our strategy-first model optimizes today’s enterprise journey to the cloud and modernizes identity and security programs through a risk lens and expert compliance knowledge. We secure the modern enterprise by transforming risk into opportunity with solutions that increase business agility and create a competitive advantage for our clients.