"This was an extremely difficult decision. As the bullish tech market conditions have turned and the tech IPO market has essentially closed, companies like us must now exercise more strict financial discipline and prioritize profitability over topline growth."
Cybereason: Security Market Focus, MSP and MSSP Partnerships
Cybereason competes against dozens of security companies, including CrowdStrike and SentinelOne -- two fast-growing EDR (endpoint detection and response) software companies that have a growing base of MSP and MSSP partnerships.Cybereason was very active building MSP and MSSP partnerships from about February 2021 through January 2022. Key moves included:- February 2021: Cybereason hired several executives as part of its efforts to grow its channel partnerships.
- April 2021: The company unveiled a North American MSSP partner program that blends managed detection and response (MDR), threat hunting, endpoint protection and more.
- July 2021: Cybereason unveiled The Cyber Defenders League global partner program for MSSPs, resellers and other technology providers.
- January 2022: The company unveiled a Pay as You Grow option for MSPs and MSSPs.