Fourth-Annual List Honors Leading MSSP, MDR and SOCaaS Cybersecurity Companies Worldwide
PLANO, Texas, Sept. 29, 2020 /PRNewswire/ — MSSP Alert, published by After Nines Inc., has named CRITICALSTART to the Top 250 MSSPs list for 2020.
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.
“CRITICALSTART is honored to be named to the top 40 on MSSP Alert’s Top 250 MSSPs list,” said founder and CEO Rob Davis. “During a year of unprecedented uncertainty and increased threats, our team has continued to deliver excellent service by protecting our customers from cyberattacks. In this ever-changing landscape, we will continue to evolve and innovate in order to meet our customers’ changing needs.”
“After Nines Inc. and MSSP Alert congratulate CRITICALSTART 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.
The company’s growth can be attributed to the surge in cyberattacks, which is driving demand for CRITICALSTART‘s MDR solution. As a result, CRITICALSTART‘s MDR business has exploded, with growth of 101% in 2019, compared to the previous fiscal year. This rapid growth is driven by mid-size firms and enterprises looking for help combatting today’s complex and rapidly evolving human and machine-generated security threats.
CRITICALSTART is the MDR expert that leaves nothing to chance. Our mission is simple: detect threats and stop breaches by resolving every alert for our customers. We do this for enterprises through our award-winning portfolio of end-to-end security services, including MDR and Professional Services. Visit criticalstart.com for more information or follow us on Twitter, LinkedIn, or Facebook.
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).