Security as a service

MONITORAPP Strengthens Business in Japan

Retrieved on: 
Monday, March 11, 2024
Networks, Consulting, Artificial Intelligence, Data Management, Professional Services, Technology, Apps, Applications, Security, Cloud, Security as a service, Partnership, ITM, Security Service, Video game

MONITORAPP is a security solution vendor that offers various application security technologies around the world and has expanded its range of services to accelerate and simplify access to cloud solutions.

Key Points: 
  • MONITORAPP is a security solution vendor that offers various application security technologies around the world and has expanded its range of services to accelerate and simplify access to cloud solutions.
  • Having many years of experience in providing security solutions to many international markets, MONITORAPP offers versatile security solutions for businesses through physical and virtual appliances, as well as the comprehensive cloud-based SECaaS platform AIONCLOUD.
  • Starting with ‘Cloud Security Setting Diagnosis Service’, it has recently focused on the ‘Managed Cloud & Security Service Provider’ (MCSSP) business.
  • Both companies plan to engage in business cooperation, joint marketing, collaborative research, employee exchange, and personal development.

MONITORAPP Enters Taiwan Market with InnoTrust

Retrieved on: 
Wednesday, February 21, 2024
Security, Apps, Applications, Technology, Software, Internet, Hardware, ITC, Security as a service, Secure, Web application firewall, IP, Partnership, Online shopping

With over ten years of expertise delivering security solutions to a wide range of international markets, including Southeast Asian and Middle Eastern countries, MONITORAPP now firmly takes another step forward into the prospective market of Taiwan.

Key Points: 
  • With over ten years of expertise delivering security solutions to a wide range of international markets, including Southeast Asian and Middle Eastern countries, MONITORAPP now firmly takes another step forward into the prospective market of Taiwan.
  • InnoTrust, headquartered in Taipei City, has established a strong presence in Taiwan's cybersecurity solution distribution business.
  • Through this partnership agreement, 'InnoTrust' will provide MONITORAPP 's products and services in Taiwan, including hardware-type equipment such as AIWAF (Web Application Firewall), AISWG (Secure Web Gateway), and AISVA (SSL/TLS Visibility Appliance), along with 'AIONCLOUD', an all-in-one cloud-based SECaaS platform.
  • Kyle Lee, CEO of MONITORAPP, has expressed the company’s determination to strengthen its market share within Asia.

OTAVA Introduces its S.E.C.U.R.E. Framework to Support Organizations' Continuous Security Posture Advancement

Retrieved on: 
Tuesday, March 5, 2024
ISO, AI, ISO 27001, Evaluation, Business development, HITECH, Element, Security as a service, Organization, SIEM, SOC 1, Framework, HITRUST, SOC, Security, Disaster recovery, Risk management

ANN ARBOR, Mich., March 5, 2024 /PRNewswire/ -- OTAVA®,  global leader in secure and compliant multi-cloud solutions, today unveiled its S.E.C.U.R.E.™ Framework, created to help organizations significantly improve their security posture through evaluation, analysis, and step-by-step actions.

Key Points: 
  • Today's dynamic climate demands a layered approach to security so that, when necessary, businesses can minimize downtime and mitigate potential damage.
  • Framework is a strategic process that delivers isolated and controlled best practices for implementing a strengthened security posture across the entire IT ecosystem.
  • Framework represents an incremental path that leads organizations to an understanding of the areas of vulnerability and guides them on how to fortify their business continuity.
  • OTAVA is certified in HIPAA, HITECH, HITRUST, SSAE18, SOC 1, 2, 3, PCI-DDS, and ISO 27001.

Allot Announces Fourth Quarter & Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 15, 2024
Security as a service, Investment, Q4, GAAP, HOD, FY, Security

Total revenues for the fourth quarter of 2023 were $24.3 million, a decrease of 26.3% compared to $33.0 million in the fourth quarter of 2022.

Key Points: 
  • Total revenues for the fourth quarter of 2023 were $24.3 million, a decrease of 26.3% compared to $33.0 million in the fourth quarter of 2022.
  • Gross profit on a GAAP basis for the fourth quarter of 2023 was $11.4 million (gross margin of 46.8%), a 47.9% decline compared with $21.9 million (gross margin of 66.3%) in the fourth quarter of 2022.
  • Gross profit on a non-GAAP basis for the fourth quarter of 2023 was $12.6 million (gross margin of 51.7%), a 43.7% decline compared with $22.4 million (gross margin of 67.7%) in the fourth quarter of 2022.
  • The Allot management team will host a conference call to discuss its fourth quarter and full year 2023 earnings results today, February 15, 2024, at 8:30 am ET, 3:30 pm Israel time.

MONITORAPP Expands Business Area to Indonesia

Retrieved on: 
Monday, January 22, 2024
Security, Technology, Other Technology, Software, Networks, Internet, Partnership, Security as a service, API, Online shopping

MONITORAPP provides security solutions not only through physical appliances and virtual appliances but also with services through its cloud-based SECaaS platform, AIONCLOUD.

Key Points: 
  • MONITORAPP provides security solutions not only through physical appliances and virtual appliances but also with services through its cloud-based SECaaS platform, AIONCLOUD.
  • XCIDIC has been engaged in the cybersecurity solution distribution business since its establishment in 2014, has branches not only in Indonesia but also in Singapore, and is planning to extend its service area to Vietnam and Thailand.
  • Kyle Lee, CEO of MONITORAPP, commented, “We are expanding our business area with our global partner network to offer more and more up-to-date security solutions to our global end-users.
  • MONITORAPP, along with our partners, believes in the power of working together to create a better and safer world.”

Security as a Service Market to Reach $75 Billion, Globally, by 2032 at 19.4% CAGR: Allied Market Research

Retrieved on: 
Thursday, January 11, 2024
Organization, Security as a service, Table, Privacy, COVID-19, SME, PDF, Cloud computing, Growth, Cryptocurrency

WILMINGTON, Del., Jan. 11, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Security as a Service Market by Component (Solution and Service), Application (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry Vertical (BFSI, Government & Defense, Retail & E-commerce, Healthcare & Life Sciences, IT and Telecom, Energy & Utilities, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global security as a service industry generated $13 billion in 2022, and is anticipated to generate $75 billion by 2032, witnessing a CAGR of 19.4% from 2023 to 2032.

Key Points: 
  • As companies adapted to remote work models, the demand for cloud-based security solutions, a key component of security as a service, witnessed significant growth.
  • However, the service segment is projected to manifest the highest CAGR of 21.3% from 2023 to 2032.
  • By application, the network security segment held the highest market share in 2022, accounting for around two-fifths of the global security as a service market revenue, and is estimated to maintain its leadership status throughout the forecast period.
  • As a result, security as a service is growing as an attractive option, offering advanced security without requiring a large initial investment.

Security as a Service Market to Reach $75 Billion, Globally, by 2032 at 19.4% CAGR: Allied Market Research

Retrieved on: 
Thursday, January 11, 2024
Organization, Security as a service, Table, Privacy, COVID-19, SME, PDF, Cloud computing, Growth, Cryptocurrency

WILMINGTON, Del., Jan. 11, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Security as a Service Market by Component (Solution and Service), Application (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry Vertical (BFSI, Government & Defense, Retail & E-commerce, Healthcare & Life Sciences, IT and Telecom, Energy & Utilities, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global security as a service industry generated $13 billion in 2022, and is anticipated to generate $75 billion by 2032, witnessing a CAGR of 19.4% from 2023 to 2032.

Key Points: 
  • As companies adapted to remote work models, the demand for cloud-based security solutions, a key component of security as a service, witnessed significant growth.
  • However, the service segment is projected to manifest the highest CAGR of 21.3% from 2023 to 2032.
  • By application, the network security segment held the highest market share in 2022, accounting for around two-fifths of the global security as a service market revenue, and is estimated to maintain its leadership status throughout the forecast period.
  • As a result, security as a service is growing as an attractive option, offering advanced security without requiring a large initial investment.

Allot to Release Third Quarter 2023 Earnings on November 16, 2023 and Reschedules Conference Call to November 22, 2023

Retrieved on: 
Tuesday, November 14, 2023
Security as a service, Diagnosis, COVID-19, Allot, TASE

This change has been necessitated by the diagnosis of COVID-19 for Mr. Erez Antebi, Allot’s Chief Executive Officer.

Key Points: 
  • This change has been necessitated by the diagnosis of COVID-19 for Mr. Erez Antebi, Allot’s Chief Executive Officer.
  • The unaudited financial results of the quarter will continue to be published before the market opens on Thursday, November 16, 2023.
  • To access the conference call on Wednesday, November 22, 2023, at 8:30 am ET, 3:30 pm Israel time, please dial one of the following numbers:
    A live webcast of the conference call can be accessed on the Allot website at http://investors.allot.com/ .
  • The webcast will also be archived on the website following the conference call.

Gift of Life Michigan Selects OTAVA for Cloud Backup to Ensure Data Protection and Achieve Healthcare Compliance

Retrieved on: 
Tuesday, December 12, 2023
Cloud, OneDrive, HIPAA, Policy, Podari Zhizn, 24/7 service, Outlook, Gift, Government, SharePoint, Sea Life Michigan, Rest, PHI, SIEM, Remote backup service, ANN, Disaster recovery, NEST, Veeam, Security, Environment, Microsoft, SOC, Security as a service, Online shopping, Life, Engineering

OTAVA® Cloud Backup for Microsoft 365® prevents data loss from accidental deletions, malware, security threats, and retention policy gaps.

Key Points: 
  • OTAVA® Cloud Backup for Microsoft 365® prevents data loss from accidental deletions, malware, security threats, and retention policy gaps.
  • Gift of Life Michigan selected OTAVA to deliver this vital solution to ensure that its critical data - information about donors and recipients - is protected and available.
  • OTAVA will collaborate with Gift of Life Michigan to integrate OTAVA® Cloud Backup for Microsoft 365® into its environment.
  • Under the agreement, OTAVA is providing OTAVA® Cloud Backup for Microsoft 365® for 400 Gift of Life Michigan users.

Allot Announces Q3 2023 Financial Results

Retrieved on: 
Thursday, November 16, 2023
Investment, HOD, Security as a service, ARR, GAAP, TASE, Support, Total, Cryptocurrency, Video game, Bank, Reinsurance

HOD HASHARON, Israel, Nov. 16, 2023 /PRNewswire/ -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • HOD HASHARON, Israel, Nov. 16, 2023 /PRNewswire/ -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • One of the consequences we are experiencing is the resulting added budget constraints of some of our potential customers which has had a negative effect on our business.
  • Total revenues for the third quarter of 2023 were $22.6 million, a decrease of approximately 10% compared to $25.0 million in the third quarter of 2022.
  • Cash, short-term bank deposits and investments as of September 30, 2023, totaled $60.4 million, compared to $86.4 million as of December 31, 2022.