"Innovation powerhouse" Secureworks applauded
for its innovation and customer-first approach which makes them "a
force to be reckoned with in the XDR market"
SAN ANTONIO, March 11, 2024 /PRNewswire/ -- Frost &
Sullivan has today announced that it has honored Secureworks®
(NASDAQ: SCWX), a global leader in cybersecurity, with the 2024
Global Competitive Strategy Leadership Award in Extended Detection
and Response (XDR). Following an independent assessment of the
global XDR market, Frost awarded the accolade to Secureworks based
on its strategy effectiveness and execution, competitive
differentiation, and customer experience. According to the analyst,
Secureworks is "a force to be reckoned with in the XDR
market" and "an innovation powerhouse".
Each year, Frost & Sullivan presents this award to the
company that has leveraged competitive intelligence to successfully
execute a strategy that results in stronger market share,
competitive brand positioning, and customer satisfaction. In the
third quarter of FY24, annual recurring revenue for Secureworks
Taegis™ platform grew 25% on a year-over-year basis.
Secureworks helps over 4,000 global customers across more than
70 countries secure their mission and reduce their cyber risk. The
open Taegis XDR platform is powered by petabytes of
global threat data, AI, and human intelligence to deliver
excellent detection and response. It does this by offering
visibility across the entire attack surface with native endpoint
and network controls, plus hundreds of out-of-the-box integrations
across endpoint, network, cloud, email, identity, and other
systems. Built-in Automation and AI capabilities help organizations
minimize false positives and accelerate response times. Real-world
threat intelligence is constantly fed into the platform based on
research and analysis from Secureworks Counter Threat Unit™.
Lucas Ferreyra, cybersecurity
industry analyst at Frost & Sullivan, observed, "The
Secureworks portfolio is tightly integrated and works as a
well-oiled machine that improves customer security outcomes thanks
to a strategy that includes market growth and expansion
initiatives, flexibility, technology innovation, and an effective
approach to XDR solutions."
"Secureworks Taegis XDR enables security professionals to focus
on the truly important alerts, provides them with avenues to seek
an expert's help, and allows customers to leverage existing
cybersecurity investments, promoting collaboration and increasing
cyber resilience," added Ferreyra. "With its customer-first
approach and strong overall performance, Secureworks earns Frost
& Sullivan's 2024 Global Competitive Strategy Leadership Award
in the XDR market."
Secureworks offers XDR and MDR customers access to security
experts around the clock in under 90 seconds. Innovations,
including AI-powered Threat Score, also enable analysts to realize
productivity savings of over 50%.
"The nature of threats is evolving fast, the amount of time
between threat actor initial entry and execution of an attack has
dropped significantly to under 24 hours. To change the dynamics of
cyber-crime, we are laser-focused on innovating to equip cyber
defenders with the most efficient capabilities to outpace the
adversary. We are proud to offer a market-leading XDR platform that
enables cyber defenders to detect and respond to these threats in
under an hour. With integrated AI and automation, we support them
to scale to meet changing threats, accelerate response times and
reduce analyst workloads. Receiving this award from Frost &
Sullivan is great recognition and endorsement of our mission," said
Kyle Falkenhagen, Chief Product
Officer, Secureworks.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost
& Sullivan has been world-renowned for its role in helping
investors, corporate leaders, and governments navigate economic
changes and identify disruptive technologies, Megatrends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success. Contact us:
Start the discussion.
Contact:
Christine Savoie
E: christine.savoie@frost.com
About Secureworks
Secureworks (NASDAQ: SCWX) is a global cybersecurity leader that
secures human progress with Secureworks® Taegis™, a SaaS-based,
open XDR platform built on 20+ years of real-world detection data,
security operations expertise, and threat intelligence and
research. Taegis is embedded in the security operations of over
4,000 organizations around the world who use its advanced,
AI-driven capabilities to detect advanced threats, streamline and
collaborate on investigations, and automate the right actions.
Connect with Secureworks
via X, LinkedIn and Facebook and Read
the Secureworks Blog.
Contact:
Susie Evershed
E: severshed@secureworks.com
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SOURCE Frost & Sullivan
