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Siemplify SOAR Platform Upgrade: MSSP Implications

Siemplify, a security orchestration, automation and response (SOAR) provider, has released a Linux-based version of its Security Operations Platform. The new release helps MSSPs manage SOAR across multiple customer environments, according to the company.

Security Operations Platform features a remote lightweight agent that allows MSSPs to retrieve security alerts and generate insights from them, Siemplify stated. That way, MSSPs can use the platform to identify and remediate security issues across remote environments.

In addition, Security Operations Platform introduces a “block” concept to help MSSPs create incident response playbooks, Siemplify noted. An MSSP can use the platform to create a block of actions for use cases and reuse a block in any playbook that requires this information, and any changes made to a block automatically cascade through all associated playbooks.

What Does the New Security Operations Platform Release Mean for Siemplify?

Siemplify is the number one independent SOAR provider, the company indicated. With its new Security Operations Platform release, Siemplify could foster new partnerships with MSSPs.

MSSPs can join the Siemplify “Partner First” Program to incorporate the company’s Security Operations Platform into their offerings. This program provides MSSPs with lead sharing, deal registration and other sales, marketing and educational tools.

Siemplify Hires VP of Global Sales, Raises $30 Million

The Security Operations Platform release comes after Siemplify recently made several moves that could help the company accelerate its growth.

Siemplify in July hired Docker, Red Hat and IBM veteran Roger Egan as VP of global sales. Egan has over 20 years of experience managing global hardware, software and services sales in both large-scale and startup environments and spearheads Siemplify’s global sales operations.

Furthermore, Siemplify in May raised $30 million in Series C funding led by Georgian Partners. The Series C funding brings Siemplify’s total funding to date to $58 million.

Siemplify recorded 250 percent growth in annual recurring revenue in the first quarter of 2019, the company noted. It also experienced 280 percent year-over-year growth in 2018 and 1,000 percent year-over-year growth in 2017.

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