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Portfolio News

Securonix Accelerates Global MSSP and MDR Program Traction with Securonix Fuel

Volition Press

View the full press release here.

Volition Capital portfolio company, Securonix, Inc., a leader in Next-Gen SIEM, last week announced updates to the Securonix global MSSP and MDR program with the launch of Securonix Fuel to accelerate record growth and accommodate demand.

“Securonix is a trusted technology partner and its multi-layer analytics and behavior modeling solution is built into Verizon Managed Detection and Response,” said Alex Schlager, Chief Product Officer for Cybersecurity at Verizon Business. “At Verizon we are focused on connecting our customers to solutions that can enable them to run their businesses in a more secure and efficient way.”

In June 2019, Securonix launched the global MSSP and MDR program. Since then, Securonix has onboarded more than 30 partners and 100+ customers from 12+ countries around the world. Securonix was recently selected by Verizon to power its new MDR service, and has added new partner logos including publicly traded NTT DATA, CGI, LTI, Tata Consultancy Services (TCS) and Wipro. The program has already contributed 20% of Securonix annual contract value (ACV) in H1 2020 and will likely contribute 40% or more by 2021. The Securonix program has enjoyed unprecedented market traction through its:

  • Cloud-based offering requiring no hardware, software or infrastructure maintenance
  • Full bundle features including SIEM, UEBA, SOAR, Security Data Lake, NTA and vertical-specific applications
  • Packaged content apps with built in connectors and use cases
  • Next-Gen analytics powered by machine learning
  • Multi-tenant architecture enabling deployment of multiple clients with logical segregation and centralized management
  • Best-in-class training, support and service

“It’s incredible what the global MSSP and MDR program has contributed to overall company growth in just over a year,” said David Wagner, Vice President, Global MSSP Business, Securonix. “The big data architecture that the Securonix Next-Gen SIEM platform is built upon is ideal for partners as it allows them to scale across numerous customers while controlling costs. The level of training and support the program provides has been a key differentiator. In recognition of the investment we are making in partners it is being renamed Securonix Fuel, to sit with our technology alliance program Securonix Fusion. This year, we will increase partner support resources to accommodate the explosive customer demand they are seeing for Securonix as a Service.”

The Securonix global MSSP and MDR program provides free training and support to all partners. Securonix Fuel will deliver even greater value with a new partner portal which builds on Salesforce, and robust training and certification for sales and pre-sales through the Securonix Academy. Securonix Fuel will provide:

  • Dedicated teams for every aspect of sales and onboarding
  • Free training, professional services and MSSP/MDR tiered pricing
  • Pricing flexibility with identity-based or EPS-based transparent pricing options
  • Rapid time to value

Securonix Fuel also provides access to Securonix SearchMore, delivering the industry’s first Community-Powered Threat Hunting capability and providing the ability to search on real-time, streaming data, as well as long-term data at one-third of the cost of comparable solutions. SearchMore leverages Securonix multi-tenant architecture to enable live and long-term searches that can be executed simultaneously across multiple tenants. This allows MSSP and MDR partners to deliver a centrally managed threat hunting service to their customers.

“The EMEA region presents unique solution and managed service needs in securing enterprises against a growing number of cyber threats,” said Martin Thompson, Business Unit Director, Proact. “Securonix delivers the best of both – scalable, advanced security analytics technology and comprehensive training and support at every step of the customer lifecycle.”

If you think you would be a good addition to the Securonix team, take a look at the many job opportunities in our network.

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