Artificial Intelligence
CloudMD Creates Chairman’s Expert Advisory Board to Guide Global Growth Initiatives
VANCOUVER, British Columbia, Sept. 16, 2020 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telehealth company revolutionizing the delivery of healthcare to patients, is pleased to announce that it has appointed experienced industry leaders to its newly formed Chairman’s Advisory Board, all with records of building successful high growth organizations with an international outlook. The members have agreed to share their experience and knowledge in creating and managing significant strategic initiatives that deliver significant value creation.
The additions to the Chairman’s Advisory Board include veterans of the technology and healthcare sectors with focus that included corporate strategy and M&A transactions. The group includes leading executives that have scaled billion-dollar businesses, led significant financing transactions on behalf of public shareholders, steered mega mergers and acquisitions, and have developed world-renowned healthcare and business academic programs.
Together with Chairman, Mark Kohler, the advisory board will provide requested assistance on a periodic basis on governance, corporate growth strategy, along with input to our ongoing M&A transactions program. The strategic advisory board was created to help position CloudMD for greater North American and international growth and to reinforce the Company’s position as a dominant healthcare leader in the space. CloudMD is focused on providing patient centric, continuity of care and whole person healthcare delivery and will use this same strategy to expand globally. The advisory board will play a crucial role in providing leading industry advice across healthcare and data privacy, building and scaling businesses, and setting the framework for transformational M&A activity.
The newly appointed members to the Chairman’s Advisory Board include:
Dr. Anne Snowdon is a Professor of Strategy and Entrepreneurship, Academic Chair of the World Health Innovation Network (WIN) and Scientific Director and CEO of the Supply Chain Advancement Network in Health (SCAN Health), a Network of Centres of Excellence and International Knowledge Translation Platform headquartered at the University of Windsor’s Odette School of Business. SCAN Health currently engages over 100 partners across 9 countries worldwide that represent health systems, government, and industry.
Dr. Snowdon is the Vice Chair of the Board of the Directors for Alberta Innovates, a member of the Health Futures Council of Arizona State University (ASU), and an Adjunct Professor of Clinical Supply Chain Innovation at the Faculty of Health Sciences at the University of Southern Denmark.
She consults for the Health Information Management Systems Society (HIMSS) where she designed the Digital Health Ecosystem model and measurement tool, the Digital Health Index, and the Clinically Integrated Supply Outcomes Maturity Model (CISOM). She authored the seminal white paper on the Digital Health Framework and issued the formal definition of “Digital Health” for HIMSS, on March 2, 2020.
In addition, Dr. Snowdon is leading a national COVID-19 operating grant, funded by the Canadian Institutes for Health Research (CIHR) that supports activity of research teams across seven Canadian provinces. This research program examines the impact of Supply chain infrastructure and processes on the COVID19 outcomes in Canada.
Dr. Snowdon holds a PhD in Nursing from the University of Michigan, an MSc from McGill University and BScN from Western University. She is a Fulbright Scholar, and a Fellow of the American Academy of Nurses.
Art Mesher is recognized as a pioneer in building and investing in world leading companies that harness the integration of business communities or networks, such as we now see in the healthcare industry. Art is considered the founder of the “Federating Networks Model” for the supply chain industry. He also launched the Integrated Logistics Strategies Services offerings at Gartner Group Inc.
Art is currently Chancellor of CleanSL8 Development Network and Advisors, Chairman of the Board of The Core Group, and Vice Chairman and Executive Director at Gains Systems. He also serves on the Boards and Strategic Advisory Boards of several highly successful growth-oriented organizations focused on international markets including Nulogy Corp, Real Matters, and Dye and Durham. In the past, he served as Chairman of the Board at Versapay Corporation (sold to Great Hills partners for $126 million) and Sirit Corporation (sold to Federal Signal) and was Vice Chairman and Executive Director of Livingston International (sold to Platinum Equity). He also served on the Board of Directors for QHR Corporation (sold to Loblaw Companies Ltd for $170 million) and was a strategic advisor for “Scale AI”, the Canadian Supercluster initiative for AI driven intelligent supply chains located in Montreal.
Until late 2013, Art was the CEO and Chairman of the Board of The Descartes Systems Group Inc. (DSGX) leading the first on-demand logistics network. Appointed CEO in 2004, he spearheaded the company’s turnaround into awarding-winning worldwide profitable operations and stellar financial performance and created significant shareholder value along the way. The Company is currently valued at $5.9 billion.
Among his other achievements, Art was selected as the Council of Supply Chain Management Professionals (CSCMP) Distinguished Service Award recipient in 2008 and was elected to their “Supply Chain Hall of Fame” in 2016.
Don Simmonds is an experienced executive leader and serial entrepreneur, currently serving as the Chairman and CEO of Blyth Group, a Family Office and incubator. Having participated in more than 30 start-ups, Don was a founding partner of the Lenbrook Group in 1977, best known for creating Clearnet, one of Canada’s three major wireless networks and sold to Telus reportedly for $6.6 billion in 2000. Don was also the Founder & CEO of AirIQ Inc., one of the first Canadian companies to combine GPS satellite and wireless technologies. During his tenure, AirIQ was named one of Canada’s fastest growing technology companies and in 2005 he was named a finalist in the Ernst & Young Entrepreneur of The Year® Awards. A member of the Canadian Telecommunications Hall of Fame and a Queen’s Jubilee medal recipient, Don is also a former CEO of CTS Television.
Don is well known as an avid supporter of innovation, acquisition-based growth strategies, and combining new technologies that deliver impactful results for customers, and for his leadership at international charitable organizations/networks. He has recently applied his considerable talents to the healthcare technology industry having founded and invested in businesses that focus on delivery of data, assessments, and personal health information, to clinicians and to families in a circle of care. He is also currently the Chancellor of Crandall University in Moncton, New Brunswick and a Director of Baylin Technologies Inc., which trades on the TSX.
Frank Arnone is a senior Partner in the Business Law Group, and Co-Chair of the Private Equity Group, of Cassels Brock and Blackwell LLP. He has over 30 years’ experience practicing corporate and securities law with a focus on M&A for clients in a wide variety of industries, including several in the healthcare technology sector. Frank has also acted for clients in the fin-tech, telecom, software, SaaS, and consumer products industries.
In addition to public and private company M&A (buy-side and sell-side), Frank has acted on numerous IPO’s for both issuers and underwriters and advised on a wide variety of debt and equity financings. He has also represented some of Canada’s largest pension funds and international and domestic private equity sponsors.
Frank has a Bachelor of Commerce degree from Queen’s University, a Bachelor of Laws degree from the University of Western Ontario and a Masters of Law from Osgoode Hall at York University. He has also served as a Director and Chair of the Governance Committee of an Ontario hospital for five years.
Paresh (Raj) Doshi is a seasoned executive with experience in marketing, product management, service, sales, finance, e-Business and operations, combined with experience in change management, business development, and strategy in the highly competitive direct to consumer markets. He currently owns and operates a strategy and advisory consultancy (ConnectIQ Inc.), which focuses on helping organizations with customer focused business strategy and operational excellence.
His 35 years of experience includes senior roles at Rogers Communication Inc., one of the largest publicly traded companies in Canada, where he was the Executive Vice President of Consumer Wireless and the Executive Vice President of the 5G Program. Raj has also served on the Board and Advisory Boards of several industry leaders and technology-oriented companies in Canada and the USA, and currently serves on the Board of a Smart Energy start-up focused on solutions for the 5G future.
Raj has a Masters of Accounting and B.A. from the University of Waterloo, and is a Chartered Professional Accountant (CPA, CA CMA). Raj also obtained his ICD.D (Institute of Corporate Directors) designation in 2019.
Dr. Essam Hamza, CEO of CloudMD commented, “We are very pleased to welcome this group of exceptional industry leaders to assist us as we continue to navigate through our growth trajectories, including strategic M&A activities, entering important segments in the future of telemedicine like 5G, wearables etc. and increasing access of care to our patients. We feel confident that this is and will continue to be an explosive growth period for CloudMD and having the expertise and knowledge from our Chairman’s Advisory Board will be invaluable to help solidify our success in capitalizing on growth opportunities. This strategic board will help create a stronger foundation on which we continue to adapt to the rapid transformations in the healthcare space. I look forward to working with Dr. Snowdon, Art, Don, Frank and Raj, and of course Mark, to continue executing on more growth initiatives, while diligently focusing on delivering exceptional, holistic healthcare to our network.”
Mark Kohler, Chairman of CloudMD commented, “I am very pleased that we have been able to attract such an illustrious group of industry veterans to assist CloudMD as we continue to create value for our shareholders now, and as this accomplished group has done in the past for other successful organizations. I am especially grateful to the members, most of whom I have worked with in the past, for their commitment to me and CloudMD to advance the delivery of healthcare and the massive positive impact that we continue to make with our technologies and the delivery of positive outcomes to patients.”
About CloudMD Software & Services
CloudMD is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The Company offers SAAS based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). CloudMD currently provides service to a combined ecosystem of 376 clinics, over 3000 licensed practitioners and almost 3 million patient charts across its servers.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD”
Chief Executive Officer
FOR ADDITIONAL INFORMATION CONTACT:
CloudMD Software & Services Inc.
investors.cloudmd.ca
Email: [email protected]
Forward Looking Statements
This news release contains forward-looking statements that are based on CloudMD’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and its intended use of the proceeds of the Offering. Although CloudMD believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and CloudMD undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Artificial Intelligence
Heimdal Welcomes Jesper Frederiksen as its new Chief Executive Officer
Frederiksen joins Heimdal to accelerate its rapid revenue growth and enhance the delivery of its unified cybersecurity platform
COPENHAGEN, Denmark, May 8, 2024 /PRNewswire/ — Heimdal®, a global leader in cybersecurity solutions, is excited to announce the appointment of Jesper Frederiksen as its new Chief Executive Officer.
Bringing a wealth of experience from the SaaS and cloud security sectors, Frederiksen is renowned for his expertise in scaling IT technology organizations and enhancing their global presence through innovative Go-to-Market strategies.
His leadership is characterized by a relentless focus on partner and customer centricity alongside technological excellence.
Frederiksen joins Heimdal with over 25 years of experience in spearheading IT technology organizations toward exponential growth. Prior to his new role, he successfully led the EMEA operations at Lacework as General Manager, served as EMEA VP and General Manager at DocuSign and Okta, and holds ongoing roles as a non-executive board member for Keepit, Siteimprove, Signaturit and LearnUpon.
Under Frederiksen’s leadership, Heimdal aims to build on the significant growth and global expansion achieved over the past decade.
As CEO, Frederiksen will focus on accelerating the company’s rapid revenue growth, expanding its customer and partner base, and enhancing the delivery of Heimdal’s unified cybersecurity platform.
Heimdal offers partners substantial cost efficiencies through consolidation and automation, while enriching their service offerings with advanced SOC services. Furthermore, it supports end customers in significantly elevating their security postures through the widest attack surface coverage.
Jesper Frederiksen expressed his enthusiasm about his new role, stating:
“As the digital landscape evolves and automation becomes increasingly integral, the need for robust cybersecurity measures has never been greater. I am thrilled to join Heimdal at this pivotal moment. My commitment is to ensure that we meet and exceed the cybersecurity needs of our customers by safeguarding their operational integrity with cutting-edge solutions, and to enable our partners to enrich their offerings and maximize growth potential. All the while, we will continue to make Heimdal a great place to work.”
Morten Kjaersgaard, the founder of Heimdal who has driven the company’s transformative journey over the last decade, will pass the leadership torch to Jesper Frederiksen and assume the role of Chairman.
With this transition, Kjaersgaard will shift his focus to strategic partnerships and brand evangelism. Leveraging his unique understanding of Heimdal’s customers and partners, he will collaborate closely with Frederiksen to elevate the organization to the next level of growth.
“Jesper Frederiksen is the leader Heimdal needs to propel the legacy that has been built so far and to take our unique platform to the next phase of growth.” said Kjaersgaard. “With Jesper at the helm, I am confident that our thought leadership, innovative culture and global growth momentum will continue to strengthen in his capable hands. Meanwhile, I will dedicate my efforts to helping land new business and ensuring that our product strategy and offerings continue to outpace the market.”
With these changes, Heimdal is poised to continue its trajectory of growth and innovation in the cybersecurity industry. The company looks forward to achieving new milestones under Jesper Frederiksen’s leadership while benefitting from Morten Kjaersgaard’s continued support and guidance.
About Heimdal
Heimdal is an industry-leading unified and AI-powered cybersecurity solutions provider established in Copenhagen in 2014. With an integrated approach to cybersecurity, Heimdal has dramatically boosted operational efficiency and security effectiveness for over 15k+ customers globally. Heimdal empowers CISOs, Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless XDR security platform.
Our award-winning line-up of 12 fully integrated cybersecurity solutions span the entire IT estate, allowing organizations to be proactive, whether remote or onsite. That’s why Heimdal’s XDR platform and managed services offer solutions for every attack surface, whether at the Endpoint or Network, in Vulnerability Management, Privileged Access, implementing Zero Trust, thwarting Ransomware, preventing Business Email Compromises, and much more.
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Artificial Intelligence
Secureworks Brings AI-Powered Threat Prevention and Detection To The Network With Taegis NDR
New solution empowers organizations to integrate their network with all security controls to mitigate risk
ATLANTA, May 8, 2024 /PRNewswire/ — Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced the release of Secureworks Taegis™ NDR, to stop nefarious threat actors from traversing the network. The dominance of cloud applications and remote working has created an explosion in network traffic, up over 20% from 2023 to 20241. Adversaries are taking advantage of these increased volumes to lurk unseen and slip past defenses. Taegis NDR leverages AI to uncover hidden threats, integrating threat prevention, detection and response to halt malicious activity on the network.
Secureworks data, as measured across the company’s global customer base, shows that Taegis NDR can block 99% of malicious activity identified on the network. With threat actors obfuscating their behavior, legacy network controls such as IDPs and firewalls are no longer able to keep pace or offer sufficient protection against evolving adversarial tactics. Organizations need a multi-layered cybersecurity strategy. Taegis NDR provides a complete picture of all internal traffic moving between endpoints as well as traffic entering and exiting the network at the edge. This visibility is crucial to identifying the presence of threat actors and how they are moving within the network. When integrated with the Taegis XDR platform, NDR correlates telemetry across different threat vectors to detect adversarial behavior that would otherwise be analyzed in silos and potentially missed.
“Taegis NDR empowers us to proactively mitigate cyber risks to our business,” said Steve Hey, Senior Vice President of Information Technology, Infrastructure, and Operations, National 9/11 Memorial & Museum. “It adds an extra layer of intelligence that fortifies our cyber defenses. When Taegis NDR sends us an alert, I know there’s an issue so I can quickly assign my resources to tackle it and protect our business.”
Managed centrally in the Taegis Platform, Taegis NDR is updated continuously with curated countermeasures based on global real-world threat intelligence to protect customer networks from the latest attack vectors. Its AI engine analyzes network traffic for anomalous application and port usage, identifying potential internal and external threats before they can cause harm, such as data exfiltration or ransomware attacks. Automated response actions fuel faster and more accurate response times. Lastly, customers don’t have the burden of managing endless rules and signatures, saving them time and resources that can be deployed elsewhere.
“Network connected devices represent an opportunity for cyber criminals, as few organizations have the central governance, and strong policies, to ensure 100% up-to-date coverage at the endpoint. Threat actors continue to develop stealthy and evasive techniques to enter networks, that if not detected, inflict serious operational and financial damage on an organization,” said Kyle Falkenhagen, Chief Product Officer, Secureworks. “Companies need a layered cybersecurity defense, but many lack the resources and expertise to execute on this strategy. Taegis NDR solves this challenge, optimally delivering reliable network protection. By integrating into the Taegis platform, we can provide partners and customers with a more streamlined and cost-effective, yet holistic, solution for reducing their cyber risk.”
Generally available today, and fully integrated with the Taegis platform, key features of Taegis NDR include:
The flexibility to inspect all network traffic and choose to block immediately or be alerted to malicious traffic.The ability to continuously analyze network telemetry with deep packet inspection (DPI), without impacting network performance.24/7 protection leveraging global real-world threat intelligence and expertly tuned countermeasures from Secureworks Counter Threat Unit™ (CTU™).Anomalous application and port usage detection powered by AI engine.Full device management, eliminating the burden on in-house teams as it includes all updates, patches, as well as hardware and software refreshes.Detailed change reporting reflecting daily management of countermeasures applied to secure the network helps organizations comply with audit requirements.A daily audit of NDR detections and emergency detection updates for urgent situations.The capability to be deployed both physically and virtually based on customer needs and budget.About Secureworks
Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that secures human progress with Secureworks® Taegis™, a SaaS-based, open XDR platform built on 20+ years of real-world detection data, security operations expertise, and threat intelligence and research. Taegis is embedded in the security operations of thousands of organizations around the world who use its advanced, AI-driven capabilities to detect advanced threats, streamline and collaborate on investigations, and automate the right actions.
Connect with Secureworks via X, LinkedIn and Facebook and Read the Secureworks Blog.
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Artificial Intelligence
Operational Technology (OT) Security Market worth $44.9 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, May 8, 2024 /PRNewswire/ — Operational technology (OT) security is expected to grow in the future due to factors like digitalization driving adoption, convergence with IT security, and a focus on threat detection and response. Anticipate a concentration on adhering to regulations, incorporating IT security operations, and consistently innovating to tackle changing cyber threats and guarantee operational durability in over-the-horizon settings.
The Operational Technology Security Market is expected to grow from USD 20.7 billion in 2024, to USD 44.9 billion by 2029, at a compound annual growth rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™. The escalating reliance on Operational Technology (OT) in vital infrastructure underscores the urgency for robust security measures. Unlike Information Technology (IT), OT systems oversee real-time physical processes, rendering them vulnerable to disruptions and attacks. This overview primes a thorough examination of OT security, encompassing its definition, significance, and evolving threat landscape. It delves into critical concepts like attack vectors, threat actors, and security controls while tackling challenges such as system heterogeneity and limited security expertise. Moreover, it delineates prevailing and emerging OT security solutions, encompassing frameworks, products, services, and best practices. SIEM for OT, asset discovery and management, network security, vulnerability management, IAM, and data security are vital components tailored to address OT environments’ evolving cyber threats, enhancing overall security posture.
Browse in-depth TOC on “Operational Technology Security Market”509 – Tables 64 – Figures437 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Offering, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Operational Technology Security Market include Fortinet (US), Forcepoint (US), Cisco (US), Tenable (US), Forescout (US), Checkpoint (Israel), Broadcom (US), Trellix (US), Microsoft (US), OKTA (US), Palo Alto Networks (US), Qualys (US), Zscaler (US), BeyondTrust (US), CyberArk (US), Rapid7 (US), Sophos (US), Tripwire (US), Radiflow (Israel), Kaspersky (Russia), SentinelOne (US), Thales (France), Armis (US), Darktrace(US), Nozomi networks (US), Honeywell (US), Schneider Electric (France), Siemens (Germany), ABB (Switzerland), Forcepoint (US)
By offering the services segment to grow with the highest CAGR during the forecast period.
The global OT security market, by service, has been segregated into consulting & integration, support & maintenance, training & development, incident response services, and managed security services. Various industries and business models are at risk of disruption due to rapid technological advancements, which introduce new business models and alter distribution channels and interactions. OT security services are crucial for integrating and managing solutions across business operations, offering comprehensive support to protect critical infrastructure from cyber threats. Increased virtualization and cloud computing adoption drive demand for these solutions globally. They also aid organizations in real-time analysis of dynamic network communication and managing relationships with suppliers, partners, and vendors.
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By Deployment mode, the cloud segment will grow at a higher CAGR during the forecast period.
Cloud-based OT security solutions provide businesses with a cost-effective means to bolster their security measures, irrespective of industry. Offering easy access and implementation without extensive on-site setups, cloud deployment’s flexibility, and scalability are desirable as more enterprises embrace virtualization and cloud computing. This shift reduces infrastructure costs and eliminates constant IT maintenance, making it especially appealing for small to medium-sized enterprises (SMEs) with limited budgets. Streamlining access control management in physical and virtual environments, these solutions ensure robust protection against cyber threats. As businesses increasingly migrate their IT operations to the cloud, the demand for cloud-based security solutions continues to surge, enabling companies to focus on core activities while entrusting IT security complexities to specialized cloud services, driving market expansion.
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Operational Technology (OT) Security Market in the Asia Pacific region is rapidly expanding. Companies operating in the market focus on providing comprehensive solutions and services to protect critical infrastructure, industrial processes, and essential services. The region is undergoing rapid digital transformation, with increased IT and OT systems integration. While digitalization enhances operational efficiency, it also introduces new security risks. OT security solutions must cater to the challenges of securing converged networks and effectively manage the associated risks. Governments in the Asia Pacific region have implemented various initiatives and regulations to enhance OT security. For instance, countries like Singapore have established cybersecurity frameworks, while Australia has specific guidelines for securing critical infrastructure. Compliance with these regulations is essential for organizations operating in the region. Attacks on critical infrastructure have a ripple effect on the economy.
Top Key Companies in Operational Technology (OT) Security Market:
Fortinet (US), Forcepoint(US), Cisco(US), Tenable (US), Forescout (US), Checkpoint (Israel), Broadcom (US), Trellix (US), Microsoft (US), OKTA(US), Palo Alto Networks(US), Qualys (US), Zscaler (US), BeyondTrust (US), CyberArk (US), Rapid7 (US), Sophos (US), Tripwire (US), Radiflow (Israel), Kaspersky (Russia), SentinelOne (US), Thales (France), Armis (US), Darktrace(US), Nozomi networks (US), Honeywell (US), Schneider Electric(France), Siemens (Germany), ABB(Switzerland), Forcepoint(US) are the key players and other players in the Operational Technology Security Market.
Recent Development
In December 2023, Fortinet, a global cybersecurity leader, announced new integrated operational technology (OT) security solutions and services, setting them apart in the market. Recognizing the rising risks across OT environments, Fortinet offers purpose-built solutions that consolidate security measures, reduce operational overhead, and enforce policies. These include the FortiSwitch Rugged 424F, FortiAP 432F access point, and FortiExtender Vehicle 211F wireless gateway, along with updates to FortiOS, FortiAnalyzer, FortiNDR, FortiDeceptor, and FortiGuard OT Security Service.In April 2023, The FortiGate 7080F represents a cutting-edge lineup of next-generation firewalls (NGFWs) designed specifically for businesses. These innovative firewalls go beyond traditional point products, streamlining operations and simplifying security infrastructure.In May 2021, Forcepoint acquired Cyberinc IT Services and IT Consulting company based in the US. Forcepoint has intelligent remote browser isolation (RBI) technology that gives administrators granular control. It also has Smart Isolation capabilities to help Forcepoint enhance user productivity, lower operational burdens, and eliminate traditional monolithic products through a best-in-class SASE cloud service.In January 2021, Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses, acquired Forcepoint, a leading provider of cybersecurity solutions.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=18524133
Operational Technology (OT) Security Market Advantages:
OT security solutions provide continuous operations and minimise possible disruptions by defending vital infrastructure from cyber threats, including industrial plants, transportation networks, and power plants.By helping businesses conform to industry-specific standards and regulations like NERC CIP, IEC 62443, and NIST, OT security solutions help them maintain cybersecurity compliance and prevent fines and legal repercussions.Advanced threat detection and response capabilities catered to the particularities of OT settings are made possible by OT security solutions. These solutions provide prompt incident response and mitigation in addition to providing fast identification of anomalies, incidents, and security breaches.Organisations can identify and track OT assets, keep an eye on their settings and vulnerabilities, and enforce security policies to prevent unauthorised changes or access by using OT security solutions, which also provide inventory management and asset visibility tools.In order to ensure comprehensive and well-coordinated cybersecurity defence throughout the entire organisation, OT security solutions integrate with IT security systems and tools, facilitating easy collaboration between IT and OT teams, sharing of threat intelligence, and coordination of security activities.By detecting and fixing vulnerabilities, enhancing system dependability, and putting proactive steps in place to stop and lessen cyber incidents, OT security solutions improve operational resilience by reducing the impact of interruptions on business operations and continuity.Report Objectives
To define, describe, and forecast the Operational Technology Security Market based on offering, organization size, deployment mode, vertical, and region.To forecast the market size of five central regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market.To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Operational Technology Security Market.To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Operational Technology Security Market.To profile the key players of the Operational Technology Security Market and comprehensively analyze their market size and core competencies.Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global Operational Technology Security Market.Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Perimeter Security Market – Global Forecast to 2029
Self-Sovereign Identity Market- Global Forecast to 2029
Attack Surface Management Market- Global Forecast to 2029
DDoS Protection and Mitigation Security Market- Global Forecast to 2027
Threat Intelligence Market- Global Forecast to 2026
About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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