September 28, 2020 – Victor, NY – MSSP Alert, published by After Nines Inc., has named CyFlare to the Top 250 MSSPs list for 2020 (http://www.msspalert.com/top250).
The list and research identify and honor the top MSSPs, managed detection and response (MDR) and Security Operations Center as a Service (SOCaaS) providers worldwide.
The rankings are based on MSSP Alert’s 2020 readership survey combined with the digital media site’s global editorial coverage of managed security services providers. The fourth-annual list has expanded from 2019 (200 honorees) and 2018-2017 (100 honorees) amid MSSP Alert’s continued, organic readership growth.
“Maintaining our place in the ultra-competitive MSSPAlert Top 250 MSSPs where billions of dollars are being invested into new and existing companies is a testament to CyFlare vision and execution. CyFlare is being recognized for its innovations and value that we continue to bring to our clients subscribed through our channel partners with a comprehensive SOCaaS Platform. The simple fact that the award scope went from top 100 to top 200 and now top 250 over the last 2 years indicates that there are many players in the space creating options specifically because legacy options are not getting it done. We are building a platform that embodies what partners and clients have continuously asked for,” said Joe Morin, Founder & CEO, CyFlare.
“After Nines Inc. and MSSP Alert congratulate CyFlare on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “Despite the coronavirus pandemic, this year’s honorees continue to accelerate their businesses, mitigate customer risk and safeguard digital assets worldwide.”
Highlights from the associated MSSP Alert research include:
- MSSP Revenue Growth: MSSP honorees, on average, expect to generate $19.15 million in revenue for 2020, up 16% from $16.47 million in 2019.
- Geography: Honorees are headquartered in 25 different countries — up from 19 countries in the 2019 report.
- Profits: 84% of MSSPs surveyed expect to be profitable for fiscal year 2020.
- Security Operations Centers: 67% have in-house SOCs, 24% are hybrid, 6% completely outsource their SOCs, and 3% are reevaluating their SOC strategies.
- Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2020 include phishing (95%), vulnerability (76%) and ransomware (69%) attacks.
- Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 129 different hardware, software, cloud, and services vendors that assist their cybersecurity efforts — up from 95 in 2019.
- M&A: Mergers, acquisitions and private equity investments continue to accelerate across the MSSP landscape. Twenty high-profile deals involving MSSP 250 honorees have surfaced since last year’s report.
The Top 250 MSSPs list and research were overseen by Content Czar Joe Panettieri (@JoePanettieri). Find the online list and associated report here: http://www.msspalert.com/top250.
About CyFlare:
CyFlare is a 24×7 Cyber Security Operations Center purpose built to enable Value Added Resellers, security partners and security vendors with MSSP and XDR services either as powered by or as a white label service. CyFlare enables VAR’s who cannot afford to invest or do not have the desire to focus on building those capabilities. It offers these benefits with no up-front investment or expertise required. CyFlare offers a wide array of managed security services that are either cloud delivered or pre-configured within it’s SOC In a Box that allows several hardware models and many security applications including Stellar Cyber NG-SIEM, Tenable, Cisco Umbrella, Transient X Remote Access.
About After Nines Inc.:
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com). ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).
- For sponsorship information contact After Nines Inc. CEO Amy Katz, Amy@AfterNines.com
- For content and editorial questions contact After Nines Inc. Content Czar Joe Panettieri, Joe@AfterNines.com
Media Contact
Company Name: CyFlare
Contact Person: Lola Ignatowski
Email: Send Email
Phone: 8777293527
Address:600 Fishers Station Road Suite 125
City: Victor
State: New York
Country: United States
Website: www.cyflare.com