Arctic Wolf: Funding, SOCaaS Market Positioning, Partner Strategy


Arctic Wolf CEO Transition: Executive Perspectives
In a prepared statement about the CEO succession, Schneider said:“We are in rarefied air, as few enterprise technology companies have ever reached our scale of growth and velocity, and I am thrilled to lead the company through the next phase of growth and market leadership as CEO. I look forward to working with Brian side-by-side in his new role as executive chairman. I believe we have a greenfield opportunity ahead and are at the tip of the iceberg in terms of our market potential, and I am thrilled to lead the team as we continue to expand our leadership and product innovation.”
“Nick has an incredible track record of leading and growing successful technology companies, and I am confident that he is the best possible leader to usher the company into its next phase of growth and global expansion. I look forward to supporting him in my new role as we continue to execute on our strategy and break new records."
Arctic Wolf Focus: Enterprise and Midmarket vs. SMB
The CEO transition announcement emphasized Arctic Wolf's momentum with enterprise and midmarket customers. That may be a subtle indication that the security company's platform won't potentially extend very far down market into the SMB channel.Alas, many small MSPs don’t have the talent or financial resources to build and fully staff their own security operations centers (SOCs).With that opportunity in mind, some MSP software platform providers have been acquiring their way into the SOCaaS market. Examples include:- Barracuda Networks acquiring Skout Cybersecurity;
- ConnectWise acquiring Perch and Stratozen;
- Kaseya acquiring RocketCyber — though that was a small tuck-in deal, and Kaseya has been busy recovering from a REvil Ransomware cyberattack against VSA software in July 2021.