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Managed Security Services Provider (MSSP) Market News: 15 November 2022

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

  • The Content: Written for MSSPs, SOC as a Service (SOCaaS), Managed Detection and Response (MDR), eXtended Detection and Response (XDR), threat hunters and MSP security providers — and those who need to 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 [email protected].

A. Today’s MSSP, MDR, XDR and Cybersecurity Market News

1. Funding - Offensive Security: Bishop Fox has raised $46 million in growth funding from WestCap, with additional contributions from NextEquity Partners and Rockpool Capital. Bishop Fox has raised more than $154 million in lifetime funding. We don't know the company's current valuation, nor do we know how the valuation has evolved (up or down) in recent rounds.

2. Automation - Security Operations Center (SOC) Services: Eide Bailly has teamed with Arctic Wolf to "help proactively protect organizations against today’s cyberattacks," the companies said.

3. Talent - MSP Data Protection: MSP360 has promoted Mike Krasnotsvetov to global director of sales.

4. Talent - DevSecOps: ShiftLeft  has named Gary Davis as chief revenue officer and Chris Hatter as CISO.

B. Annual In-Person MSSP and Cybersecurity Conferences

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.