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Managed Security Services Provider (MSSP) News: 09 May 2018

Each morning MSSP Alert broadcasts a quick lineup of news, analysis and chatter from across the global managed security services provider, SOC (security operations center) and IT outsourcing ecosystem.

Here’s the lineup for Wednesday, May 9, 2018.

8. Avast IPO: Avast is set to price its initial public offering at 250 pence a share, a bookrunner source on the deal said on Wednesday, at the bottom of a 250-270 pence price range set earlier, according to Reuters. The company aims to sell around 25 percent of its stock and raise up to $200 million in proceeds in what is expected to be one of Britain’s biggest ever technology IPOs, the report says.

7. Phishing Mitigation: Cofense’s phishing defense solutions have attracted roughly a dozen new technical integrations over the past year. Cofense Technology Alliance Program partners include Carbon Black, Demisto, Phantom and ServiceNow Security Operation, among others.

6. New Ransomware Strain?: A variant of SynAck ransomware has been spotted in the wild using a sophisticated antivirus circumvention technique, according to Kaspersky Lab. We’ll share more thoughts soon.

5. Partner Program: Cybereason has launched the Technology Partner Program, a new ecosystem of technology partners that includes third-party SIEM, Security Orchestration & Automation (SOAR) and Threat Intelligence platforms. Initial members include Demisto, Exabeam, IBM Security, Phantom and Splunk.

4. Azure Cloud Security AssessmentsCloudneeti, an ISV unit of Avyan, has launched Cloud Workload Cybersecurity Assessment and Cloud Governance Assessment services for Microsoft Azure workloads.  Bother offerings are 3-week, fixed price, fixed scope services.

3. Funding – Attack Simulations: SafeBreach has raised $15 million in a Series B funding to help advance the company’s breach and attack simulation platform technologies.

2. Funding – SAP App Security: ERP Maestro, provider of the cloud-based access control, security auditing, and risk reporting solution for SAP systems, has raised $12 million in new funding, bringing total capital raised to $20 million. Aspen Capital led the round with further investment from AdvancedStage Capital.

1. Two Factor Authentication: Kaseya’s AuthAnvil business has experienced “exponential” growth, sources says, since launching training services that educate MSPs about two-factor authentication sales. Track all Kaseya Connect 2018 conference news and analysis here.

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