Managed Security Services

Managed Security Services Provider (MSSP) Market News: 27 September 2023

Each business day, MSSP Alert delivers a quick lineup of news, analysis and chatter from across the managed security services provider ecosystem.

  • The Content: Written for MSSPs and MSPs; threat hunters; security operations center as a service (SOCaaS); managed detection and response (MDR) and eXtended detection and response (XDR) providers; and those who partner with such companies.
  • Frequency and Format: Every business morning. Typically, one or two sentences for each item below.
  • Reaching Our Inbox: Send news, tips and rumors to Managing Editor Jim Masters: [email protected].

Today’s MSSP, MSP, MDR, XDR and Cybersecurity Market News

1. Cybersecurity Alliance: Cohesity, a data security and management specialist, announced that Tata Consultancy Services (TCS) is joining the Cohesity Data Security Alliance ecosystem. Cohesity and Data Security Alliance partners offers new customers data security and management solutions and services to help build a cybersecurity strategy. The Cohesity Data Security Alliance was founded in November 2022, and contains 15 members, including BigID, Cisco, CyberArk, Mandiant, Netskope, Okta, Palo Alto Networks, PwC UK, Qualys, Securonix, ServiceNow, Splunk, TCS and Zscaler.

2. Leadership Move: Seraphic Security, an enterprise browser security company, announced that Suresh Batchu is joining as co-founder and chief operating officer. Batchu will work with CEO Ilan Yeshua on corporate strategy and will oversee and scale product, engineering, operations and strategic partnerships.

3. Funding Round: Vali Cyber, a provider of Linux cybersecurity solutions, has completed its seed funding round, raising $15 million. The funding round was co-led by Grotech Ventures and the 412 Venture Fund (412VF) with support from Riverfront Ventures, Florida Funders and additional strategic investors.

4. Industry Recognition: ActZero, a cybersecurity provider for small and medium-sized businesses, has been named the 2023 CrowdStrike AMS (Americas) MSSP Partner of the Year. ActZero demonstrated excellence in bringing the CrowdStrike Falcon platform to customers alongside its own AI and threat hunters to provide a 24/7 managed detection and response (MDR) service, CrowdStrike said.

5. Leadership Move: DigiFlight, a national security cyber defense specialist, has named Michael Perrin as senior vice president, National Intelligence. Perrin will serve as DigiFlight's primary point of contact for all matters concerning the National Intelligence Business Group. Perrin is a retired U.S. Army colonel with a career spanning 27 years in the U.S. Department of Defense and 20 years in the intelligence community.

6. U.S. Military Veterans to Advise on Cybersecurity Careers: Fortinet announced it has formed the Veterans Program Advisory Council, made up of a global board of esteemed members from organizations that support the military veterans community across the United States, United Kingdom, New Zealand, Canada and Australia. Members will provide counsel on how Fortinet can continue meeting the needs of military veterans looking to transition into the cybersecurity field. (Source: Seeking Alpha)

7. Palo Alto Networks Buying Dig, Talon?: Palo Alto Networks is reportedly in advanced negotiations to purchase Israeli startup Dig Security in a deal valued at $300-$400 million. This potential deal comes on the back of negotiations between Palo Alto Networks and another Israeli cyber startup, Talon Cyber Security. (Source: Calcalist)

Jim Masters

Jim Masters is Managing Editor of MSSP Alert, and holds a B.A. degree in Journalism from Northern Illinois University. His career has spanned governmental and investigative reporting for daily newspapers in the Northwest Indiana Region and 16 years in a global internal communications role for a Fortune 500 professional services company. Additionally, he is co-owner of the Lake County Corn Dogs minor league baseball franchise, located in Crown Point, Indiana. In his spare time, he enjoys writing and recording his own music, oil painting, biking, volleyball, golf and cheering on the Corn Dogs.