ALSO Expands its Cybersecurity Platform

The integration of the solutions from one of the world’s leading cybersecurity specialists is another milestone for ALSO in building its own cybersecurity platform. The technology provider has already been working on the development for several years together with major security providers such as Symantec, Kaspersky, Sophos, IBM, Microsoft, Cisco and Fortinet. The existing security portfolio, which is accessible to resellers via the ALSO Cloud Marketplace will be expanded: ALSO will integrate CYE’s SaaS Platform powered by cutting-edge technology combining advanced artificial intelligence with services delivered by world leading security experts that helps organizations focus on threats that are tailored to their risk landscape and attack surface. CYE provides to customers a significantly improved security posture and automated remediation across their organizations.

«Cybersecurity is becoming more and more important in view of the increasing use of cloud computing, AI and IoT and streaming services», says Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN). «We have therefore been working with leading security providers for years to develop and build a comprehensive cybersecurity platform to effectively support our resellers and their customers in deploying individual defense measures against cyberattacks».

Market research companies put the total market in 2018 at around 15 billion euros and estimate average annual growth of eight percent over the next five years to around 23 billion euros for the countries in which ALSO is active. A disproportionate development (approx. 30 percent) is expected for the cloud sector.

The Cybersecurity Intelligence SaaS Platform from CYE – HYVER combines learning artificial intelligence and predictive analytics with comprehensive global human expert knowledge providing extensive protection to business infrastructures by exploiting real-life attack scenarios driven by continuous red-team assessments – going beyond compliance regulations to secure business operations and critical assets. Organizations must defend their entire digital footprint against persistent and highly sophisticated cyber threats without disrupting business processes.

«The integration of the CYE security suite is a further step in the development of our cybersecurity platform», adds Möller-Hergt. «But it won't be the last. We will continue to expand the platform and bring in new partners and vendors». From October, the cybersecurity platform offerings will be available via ALSO resellers, and in future also for PaaS partners in over 80 countries.

«To be a leader in any market, it is key to align with local specialist partners who understand both our advance technology and the local customer needs. We are delighted to be partnering with ALSO who will now extend our reach into new European markets», says Reuven Aronashvili, CEO of CYE. «CYE looks forward to challenge the conventional model of the cybersecurity industry, with innovative solutions that will help ALSO customers resilience against evolving threats».

By building the cybersecurity platform, ALSO is consistently pursuing its path as a technology provider. It complements the existing platform solutions for cloud, IoT and streaming services.

Direct link to media release: https://www2.also.com/press/20190927en.pdf