September 18, 2020

Fourth-Annual List Honors Leading MSSP, MDR and SOCaaS Cybersecurity Companies Worldwide

MSSP Alert, published by After Nines Inc., has named Netsurion 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. 

“It is a great achievement to be ranked in the Top 20 of this prestigious list,” said Guy Cunningham, Netsurion's senior vice president of channel sales and alliances. “This recognition is a clear validation of our commitment to customers and MSSP channel partners alike. With cybersecurity as a top priority for all businesses, Netsurion continues to focus on not just producing better cybersecurity technology but delivering unmatched scalability and simplicity through our managed platform approach.”

After Nines Inc. and MSSP Alert congratulate Netsurion 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.

Leading up to today’s announcement, Netsurion recently made two significant moves to enhance their managed security services. First was the release of its Remote Workforce Threat Detection to help customers and MSP partners protect their expanded WFH remote attack surfaces. The new capability complements existing authentication, SaaS services, remote access and VPN security. Also, Netsurion announced the addition of deep-learning-based endpoint threat prevention by partnering with Deep Instinct. As a result, Netsurion delivers a holistic platform for threat prediction, prevention, detection, and response. Both moves help IT teams maintain security posture amidst the many challenges brought about in 2020.

About Netsurion

NetsurionĀ® delivers an adaptive managed security solution that integrates our XDR platform with your existing security investments and technology stack, easily scaling to fit your business needs. Netsurion's managed offering includes our 24x7 SOC that operates as your trusted cybersecurity partner, working closely with your IT team to strengthen your cybersecurity posture. Our solution delivers Managed Threat Protection so you can confidently focus on your core business.

Headquartered in Ft. Lauderdale, FL with a global team of security analysts and engineers, Netsurion is a leader in Managed Extended Detection & Response (MXDR). Learn more at netsurion.com.

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