Security Roundup: KB4-CON, Proofpoint M&A, Exabeam and More
… a full-blown breach.”
“Protecting people and resources beyond the traditional perimeter is perhaps the most critical security requirement in the cloud era,” said Etay Bogner, Meta Networks‘ founder and CEO. “Together with Proofpoint, we will continue to realize a security vision that adapts to the way both threats and infrastructure are moving: to the cloud. Proofpoint is at the forefront of this transformation and we are very excited to become a part of an incredible team.”
Exabeam Raises $75 Million to Continue Fighting Legacy Players
The latest round is jointly led by new investor Sapphire Ventures and Lightspeed Venture Partners, which collectively have backed nearly 40 IPOs. Other existing investors also participated. The funds will be used for expanding sales reach, and to expedite new product features and configurations.
Chris Stewart, Exabeam’s senior director of business and corporate development, tells us the funding allows his company to “continually push out the most innovative and advanced technologies possible to power next-generation security operations centers (SOCs).”
“This gives our technology partners a platform that delivers enhanced integrations, which will ensure channel partners will gain new and highly effective resale opportunities,” he said. “We recently revamped our Exabeam Technology Alliance Partner Program (ETAPP), allowing us to build a better framework and mechanism for technology partners to integrate with. As our team executes on the R&D, this injection of capital will enable our channel partners to build out even more robust service offerings around our solutions and continue to have confidence that Exabeam will be the central security management platform for their customers.”
Legacy security information and event management (SIEM) providers are “outdated” and not built to handle the large amounts of data being processed on a daily basis, Stewart said. Legacy SIEM vendors are relying on humans and “antiquated” correlation methods, but a “more intelligent, modern solution is required to drill down on the most important data, he said.
“Fundamentally, legacy SIEMs are destined to fail under the weight and complexity of today’s threat landscape,” he said. “Our partners recognize that our solutions give their end users the most advanced protection, while enabling their SOC analysts to work smarter and faster. The funding will fuel accelerated market expansion and further build out our global sales force and world-class partner network. This will aid us in expanding our reach worldwide and winning even more replacement deals against our ineffective and cost prohibitive competitors — aka the legacy SIEM providers.”
Mimecast Rolls Out New Service for Financial Services Organizations
Mimecast this week announced the availability of Mimecast Supervision, designed to help financial services organizations address supervisory compliance requirements.
Regulated financial services firms are required to establish supervisory policies and may also face periodic regulatory audits. At the same time, firms are spending too much time and money maintaining …