Tag Archive for: portfolio

EQT Ventures portfolio company Baffin Bay Networks acquired by Mastercard

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Stockholm-based Baffin Bay Networks has been acquired by payments tech giant Mastercard for an undisclosed sum. The purchase from Purchase aims to add Baffin Bay’s cybersecurity offer to bolster businesses with further armour in an increasingly challenging cyberattack landscape.

Founded in 2017 by a group of cybersecurity professionals, Baffin Bay Networks offers a cloud-first threat protection platform that leverages AI to mitigate attacks from the IP layer right on through to the application layer. 

The platform also continuously improves as it adds customers since learnings from one attack are shared across networks, creating what Baffin Bay Networks calls a “herd immune system”.

Backed solely by EQT Ventures, in early January 2019, the firm announced its expansion to the US via the acquisition of botnet and IoT research startup Loryka.

Building from strength to strength, Baffin Bay Networks’ lineage and timing couldn’t be better (?). Positioned as it is, the company is playing its part in staving off cyber criminal activities and post-acquisition will see its offer funneled into Mastercard’s single cyber service, a service provided to customers around the world and one that includes RiskRecon. This data analytics tool enables organisations to identify vulnerabilities well in advance of any nefarious actors exploiting them. 

Where Baffin Bay fits into the mix is by shoring up operations on the automated Threat Protection service, which helps to stop attackers from penetrating or taking down cyber systems.

“Our cloud-based Threat Protection service provides a simple and effective way to safeguard against application and network-level attacks,” said Joakim Sundberg, founder, and chief technology officer at Baffin Bay Networks. “Our two companies share this vision: to provide our customers with security and trust. We are thrilled to join the Mastercard family to expand our impact across the globe.”

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Tech Data Asia Pacific & Japan Strengthens its Security portfolio in partnership with MailGuard

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By Sundaresan Kanappan, Vice President, High Growth Technologies and Country General Manager Tech Data India

Sundaresan Kanappan

Tech Data, a TD SYNNEX company, announced its distribution partnership with MailGuard – a world leader in email security. At launch, its Integrated Cloud Email Security (ICES) solution, MailGuard 365, will be available in 6 markets across the Asia Pacific & Japan region, namely Hong Kong, India, Indonesia, Malaysia, Singapore, and Vietnam. This distribution partnership allows Tech Data to add MailGuard 365 – a solution built in Azure by MailGuard in collaboration with the Microsoft team to protect the more than 345 million Microsoft 365 subscribers – to its cyber security go-to-market portfolio in APJ. This partnership is part of Tech Data’s overall strategy of empowering ISVs (Independent Software Vendors) and partners, while further building on its cloud security solutions portfolio.

Commenting on the development, Sundaresan Kanappan, Vice President High Growth Technologies and Country General Manager Tech Data India, said “With the increasing adoption of technology use across businesses, and emails have become fundamental to business communications, attackers are finding creative ways of engaging email-based cyberattacks whether it’s phishing, ransomware, CEO Fraud or BEC (Business Email Compromise). The email security market share is expected to increase by USD 2.65 billion from 2021 to 2026, at a CAGR of 9.78% and 37% of the market’s growth will originate from APAC during the forecast period1. At such a juncture, we are confident that with MailGuard 365, we will be able to speed up our customers’ Microsoft 365 protection by preventing criminal intent threats. We have partnered with MailGuard because of its close integration with Microsoft, its specialist email security expertise and intellectual property, and the market innovation MailGuard 365 offers.”

Craig McDonald, CEO & founder of MailGuard, said “We ar

e delighted to partner with Tech Data to deliver MailGuard 365 in the APJ region, protecting businesses using Microsoft 365 against the rising threat of cybercrime. Speed to detect and stop sophisticated email threats is…

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EDGE Group adds secure comms to portfolio

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https://3d.markforged.com/2022-9-14-MakersLivestreamANZ_Defece_USETHIS-LiveWebinar.html?mfa=apdr&utm_source=Asia+Pacific+Defence+Reporter&utm_campaign=4d4355d668-RSS_News+BuEMAIL_CAMPAIGN&utm_medium=email&utm_term=0_513319f9bb-4d4355d668-26866497EDGE Group PJSC has expanded the scope of its existing electronic warfare and intelligence capabilities to now include secure communications under the Electronic Warfare & Cyber Technologies (EW&CT) cluster, which has seen the addition of leading secure communications company, DIGITAL14. The cluster also includes other entities SIGN4L and BEACON RED.

EDGE’s expanded cyber capabilities will ensure the Group brings global experience, world-leading systems and solutions, and field-proven technologies to help its customers operate effectively, securely, and decisively, ensuring they can defend their assets and operations against threats, monitor and gain intelligence on adversaries, ensure robust communications in battlefield and security realms, and recruit and upskill the personnel required to achieve operational success.

Mansour AlMulla, Managing Director and CEO of EDGE, said: “We are delighted to strengthen EDGE’s Electronic Warfare & Cyber Technologies cluster with innovative and complementary solutions that will greatly expand our cyber capabilities and allow us break into new markets in the defence and civilian sectors as a global leader in this domain. We are redefining advanced technology synergies, creating valuable opportunities, and accelerating our business growth and offerings, while meeting the perpetual demand for superior cyber security solutions in the UAE and further afield.”

SIGN4L, a leading provider of electronic warfare and intelligence solutions in the UAE, enables customers with the required tactical advantage, exceptional situational awareness, and electromagnetic spectrum superiority across military and intelligence operations. BEACON RED provides security and intelligence training and advanced cyber solutions, tackling complex national security threats, disrupting conventional ways of thinking, and developing people, processes, and technologies to ensure preparedness for future security challenges. DIGITAL14 will provide secure communication solutions embedding quantum-resistant cryptography and other advanced technologies, centred on four core business units: Networks, Ultra Secure Mobile Devices, Applications, and Satellite Communications. As a…

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Ooredoo Q P S C : Enhances Managed Security Portfolio with Additional New Services in Collaboration with Leading Providers

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Updated Portfolio Positions Ooredoo as Regional Leader in Managed Security Services

Doha, Qatar

Ooredoo has announced it has recently enhanced its Managed Security Services (MSS) portfolio for its enterprise customers, combining threat detection, incident response, localisation of secured data and compliance management to protect business customers from emerging cyber threats.

Ooredoo’s updated MSS portfolio adopts a three-pronged approach across people, process and technology to stay ahead of ever-evolving cyber threats. The updated MSS product range comprises a localised 24×7 Security Operation Centre, DDoS Mitigation Services, Cloud Internet Security, WAF as a Service, Data Loss Prevention, Endpoint Detection and Response, Managed Firewall and Vulnerability Management, among others.
Ooredoo’s suite of security products and consulting services under the MSS umbrella – powered by a combination of security experts, next-generation technology and world-class partners – is entirely flexible, ensuring business customers can prepare and adapt their security to the threat landscape.
The ICT leader’s business customers can gain access to this fully managed, end-to-end suite of security services driven by Big Data Analytics, Artificial Intelligence and Machine Learning, enabling them to protect their public, hybrid and private clouds by monitoring, proactively hunting, containing and responding to threats 24/7.
Sheikh Nasser Bin Hamad Bin Nasser Al Thani, Chief Commercial Officer at Ooredoo, said: “Security is a core component of IT-led transformation, which will play a key role in the delivery of the ambitious Qatar National Vision 2030 and the successful hosting of FIFA World Cup Qatar 2022™. It is extremely critical to have a multi-layered security framework for the success of the major IT-led Initiatives, referred to ‘Defence in Depth’, which rely on security controls throughout ICT including operational technology and critical infrastructure.”
“Given the local requirements for compliance in Qatar alongside the global challenge for managing security, Ooredoo offers end-to-end managed security services…

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