DATA SECURITY,SOFTWARE SECURITY,WEB SECURITY TOOLS
DartPoints | September 21, 2022
DartPoints®, the leading edge digital infrastructure provider, launches its updated managed detection and response (MDR) product, which combines MDR, endpoint detection and response (EDR), security orchestration, automation and response (SOAR), and extended detection and response (XDR) into one complete solution with support and monitoring by DartPoints experts. With ransomware and other cybersecurity incidents striking more than ever, DartPoints' MDR solution quickly detects threats 24x7 across endpoints, network, cloud, and SaaS applications.
"Executives and security leaders know they need a multi-layered cybersecurity strategy that combines MDR, EDR, SOAR, and XDR solutions, but increasingly, they don't have the in-house resources to make that happen. "Plus, with the hundreds of tools and providers on the market, analysis paralysis sets in. We are proud to help our clients by bringing these best-in-class security vendors and technologies together into one comprehensive, airtight solution."
Brad Alexander, CTO for DartPoints
DartPoints' enhanced MDR offering addresses many weaknesses in legacy antivirus and security solutions, including the overwhelming high volume of alerts and false positives. Offering advanced threat detection, continuous threat hunting, and 24x7 monitoring and investigations, the solution is built for high-risk, compliance-sensitive verticals, including finance, government, manufacturing, education, and healthcare. Organizations with compliance, standard, or framework requirements, those looking to obtain or renew cyber insurance, and those without their own security operations center will find the enhanced product especially beneficial.
Outlined in Accenture's State of Cybersecurity Resilience 2021 report, a global survey of nearly 4,800 executives found an average of 270 cyberattacks per company in 2021, a jump of 31% compared with the previous year. Meanwhile, ransomware attacks nearly doubled in 2021. IBM's latest Cost of a Data Breach Report finds that the average cost of a data breach is at an all-time high in 2022: $4.35 million.
DartPoints is the leading digital infrastructure provider enabling next-generation applications at the edge. By weaving together cloud, interconnection, colocation, and managed services, DartPoints enables edge ecosystems for enterprises, carriers, and cloud and content providers. DartPoints is building tomorrow's distributed digital infrastructure while serving today's cloud and colocation needs — and helping to bridge the digital divide.
DATA SECURITY,ENTERPRISE IDENTITY
SandboxAQ | September 14, 2022
SandboxAQ, an enterprise SaaS company delivering the compound effects of AI and Quantum tech (AQ) to governments and the Global 1000, today announced it has acquired Cryptosense, a leading cybersecurity and encryption analysis software company. SandboxAQ's acquisition comes just weeks after the company unveiled its Strategic Investment Program and initial investment in evolutionQ.
The acquisition of Cryptosense complements and accelerates the deployment of SandboxAQ's Post-Quantum Cryptography (PQC) solutions to corporations and government institutions worldwide. SandboxAQ's cybersecurity products enable large enterprises to scale cryptography management across their IT infrastructure, providing CISOs with a single, 360° view of how encryption is used throughout the enterprise – a critical first step in migrating to PQC.
This migration to stronger cybersecurity is important for critical infrastructure sectors such as financial services, technology, energy, biopharma, logistics, and government.
Cryptosense is used by leading technology and financial services organizations and is a fellow NIST NCCOE partner. The combined customer relationships will help SandboxAQ bring its PQC solutions to market faster and protect these organizations and their customers from existing and emerging quantum threats, such as Store Now, Decrypt Later (SNDL) attacks.
"Rapid advances in quantum computing and AI challenge the effectiveness and performance of existing cryptography-based cybersecurity solutions. The combined leadership, talent, and expertise that SandboxAQ and Cryptosense bring to the marketplace accelerates the deployment of more effective cryptography solutions to protect the world against the security threats of today and tomorrow," said Jack D. Hidary, CEO of SandboxAQ. "The caliber of the Cryptosense team is recognized throughout the information security community, with the leadership by Graham Steel and Clément Jeanjean. We welcome Cryptosense to the SandboxAQ family and look forward to our continued success as one company."
"The complementary functionality and expertise between Cryptosense and SandboxAQ enables us to build and deliver SaaS solutions at scale with higher touch customer service. PQC implementation is critical to protect the world's sensitive data and together we will make a greater impact."
Dr. Graham Steel, Cryptosense founder
Cryptosense was advised by Stifel and Hogan Lovells and SandboxAQ was advised by Morgan Lewis.
SandboxAQ is an enterprise SaaS company, providing solutions at the nexus of AI and Quantum technology (AQ) to address some of the world's most challenging problems. The company's core team and inspiration formed at Alphabet Inc., emerging as an independent, growth-capital-backed company in 2022.
Cryptosense is an enterprise SaaS company that helps organizations identify and catalog the cryptography leveraged within their applications and infrastructure. Some of the largest technology and financial services companies worldwide use Cryptosense for their cybersecurity needs. Cryptosense announced a $4.8 million funding round in May 2021 backed by Amadeus Capital Partners, Elaia Partners and BGV.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
SaaS Alerts | September 12, 2022
SaaS Alerts, the cybersecurity company purpose-built for Managed Service Providers (MSPs) to protect and monetize their customers' core business SaaS applications, announced today that it has secured a $22 million growth investment from global software investor Insight Partners to accelerate the growth of its SaaS Security monitoring and response platform.
The accelerated rate of SaaS Application adoption by businesses, driven by the need to provide collaboration and productivity tools to remote workforces and for more centralized and tightly controlled business data resources, has elevated awareness and critical concern for major threat vectors and security gaps that exist in SaaS Application security. These security concerns present opportunities for MSPs to better safeguard their clients while offering SaaS security services that drive profitable new revenue streams.
SaaS Alerts was designed to help MSPs monitor and protect their customers' usage of today's most popular SaaS applications such as Microsoft 365, Google Workspace, Salesforce, Dropbox and more – and to safeguard against security threats to a business' SaaS environment such as data theft, data that's at risk due to unintentional employee mishaps and actions taken by bad actors.
"We couldn't be more excited to partner with Insight Partners and we see their investment in SaaS Alerts as a monumental endorsement for what we have built and what we intend to build as we collaborate going forward. "I'm very proud of our team for reaching this milestone and look forward to working with Insight to continue to build value for our MSP partners and stakeholders."
Jim Lippie, CEO of SaaS Alerts
"SaaS applications have become essential for businesses of every size and MSPs need the ability to better protect those applications on behalf of their customers. SaaS Alerts has pioneered SaaS security for MSPs and has a clear vision for how detecting and correlating abnormal user behavior can greatly impact the MSP industry," said Philine Huizing, Principal at Insight Partners. "We're excited to partner with SaaS Alerts as the company scales to address this unique opportunity."
About SaaS Alerts
SaaS Alerts is the cybersecurity company purpose-built for MSPs to protect and monetize customers' core SaaS business applications. SaaS Alerts offers a unified, real-time monitoring platform for MSPs to protect against: data theft, data at risk and bad actors and integrates with the most popular SaaS Applications. Learn more at www.saasalerts.com.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Absolute Software | September 20, 2022
Absolute Software™ , the only provider of self-healing, intelligent security solutions, today announced a partnership with Trellix, enabling Absolute Resilience® customers to extend its patented Absolute Persistence® technology to Trellix Endpoint Security (ENS). With this latest addition to the company’s Application Resilience™ ecosystem, joint customers can leverage the power of Absolute’s firmware-embedded connection to ensure Trellix’s leading endpoint protection solution remains healthy, installed, and working effectively.
Anchored by its unique Persistence technology residing embedded in more than 600 million endpoints, Absolute provides an undeletable digital tether to every device to help ensure the highest levels of resiliency. Absolute Application Resilience leverages this unbreakable, two-way connection to monitor mission-critical security applications’ health and behavior; detect if missing, corrupted, or not running; and automatically repair or reinstall components when necessary - without requiring human intervention.
“Our unique intelligence shows that today’s complex and widely distributed device environments have put endpoint agents at constant risk of colliding with other applications, or being disabled by malicious or negligent users. “By joining our Application Resilience ecosystem, Trellix is taking the critical steps needed to enable our joint customers to harden their mission-critical endpoint application and strengthen their overall endpoint security posture.”
Edward Choi, SVP of Global Alliances at Absolute Software
“We are proud to collaborate with leading software vendors to improve security outcomes for our customers,” said Britt Norwood, Senior Vice President, Global Channels & Commercial at Trellix. “Organizations across the globe rely on Trellix every day to protect, and adapt to, their changing business needs in a dynamic threat landscape. We’re thrilled to see Absolute Software support Trellix ENS in its Application Resilience ecosystem and extend this value to our joint customers.”
Trellix Endpoint Security is part of an integrated suite of technologies that uses analytics and machine learning to provide effective protection—including the flexibility to connect to security products from other vendors. Trellix endpoint solutions enable organizations to apply proactive threat intelligence and defenses across the entire attack lifecycle.
Absolute’s expansive Application Resilience catalog is comprised of more than 60 security and business applications needed to enable a secure, reliable, and resilient work from anywhere experience.
About Absolute Software
Absolute Software is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network connections - helping customers to strengthen cyber resilience against the escalating threat of ransomware and malicious attacks. Trusted by nearly 18,000 customers, G2 recognized Absolute as a leader for the tenth consecutive quarter in the Summer 20022 Grid® Report for Endpoint Management and as a high performer in the G2 Grid Report for Zero Trust Networking.