Eze Castle Integration (ECI), a managed service provider (MSP) in the financial services sector backed by private equity firm H.I.G. Capital, has launched the Eze Managed Security Information and Event Management (SIEM) Service.
Organizations can use Eze Managed SIEM to prevent, detect and respond to security incidents, according to ECI. They also can leverage statistical data analysis to identify security anomalies, patterns and trends that indicate future risk.
Eze Managed SIEM works across operating systems, network devices, servers, files, browsers and other sources to perform real-time security analysis, ECI stated. If Eze Managed SIEM identifies a potential security risk, the ECI Security Response Team then takes steps to mitigate the risk.
Furthermore, Eze Managed SIEM collects and aggregates data from multiple sources and correlates security events to produce security risk reports, ECI indicated. This ensures organizations can obtain actionable security insights that they can use to identify and address security risks.
ECI and the Managed Security Services Market
ECI in April launched a Dark Web Monitoring service to protect organizations against stolen user credentials and target account takeover. The company also looks poised to add to its managed security services portfolio.
In addition to Eze Managed SIEM and Dark Web Monitoring, ECI currently offers Managed Phishing and Training, Security Plan Development and Vulnerability Assessments managed security services. Meanwhile, ECI could capitalize on the rising demand for managed security services in the years to come.
Managed security services market revenues are expected to increase at a compound annual growth rate of 14.5 percent between 2018 and 2024, industry analyst Market Research Engine noted. Also, these revenues are projected to exceed $58 billion by 2024.
Private Equity Invests In MSSPs, MSPs
Eze Castle is one example of private equity reshaping the MSP and MSSP markets. Example deals include:
- Private equity firm Sunstone Partners acquired and merged three MSSPs — Sword & Shield, Terra Verde and TruShield -- in May 2019. The resulting company, called Avertium, is surely a Top 100 MSSP.
- Private equity firms Insight Partners and Thoma Bravo have been acquiring security companies that specifically serve MSSP partners.
Additional insights from Joe Panettieri.