PROFICIO ANNOUNCES EUROPEAN EXPANSION PLANS

Managed Detection and Response Services Leader to Open European SOC

LONDON – January 25, 2017 – Proficio, an award-winning provider of managed detection and response (MDR) services, has announced plans to extend its international presence by launching its ProSOC family of cybersecurity protection services into the European market. Proficio also plans to build a European Security Operations Centre (SOC) in the region in order to help enterprises across Europe address the ever increasing and complex cyber threat landscape.

Proficio is one of the fastest growing managed security service providers in North America with over 100 percent year-over-year revenue growth in its ProSOC service for the last three years. The company has established a strong customer base in North America and Asia Pacific, and was one of the first MSSPs to deliver next-generation managed detection and response services.

“While enterprises are spending more on security products and tools, unfortunately data breaches continue at an unprecedented rate,” said Tim McElwee, co-founder, president and chairman of the board of Proficio. “Organisations need to more accurately identify critical events and automate their response to attacks and suspicious behavior to contain and remediate threats before they result in a damaging security breach. Our managed security services leverage advanced analytics, threat intelligence, and orchestrated incident response to provide our customers unrivalled cybersecurity protection.”

Proficio is responding to the need to improve incident response and detect advanced attacks that do not solely rely on bypassing perimeter defence independent of whether data and applications reside in a traditional data centre or in the cloud. According to Gartner, by 2020 15% of midsize and enterprise organisations will be using services like MDR, up from less than 1% today.*

Proficio recently raised significant capital in a round of funding led by Kayne Anderson Capital Advisors, L.P., a leading alternative investment firm. Proficio will use this investment to expand its global geographical presence and introduce new cybersecurity platforms and services.

“We are impressed by Proficio’s growth, customer adoption, and innovative managed detection and response services,” said Nate Locke, a partner in the growth private equity group at Kayne Anderson Capital Advisors, who will join Proficio’s board of directors as part of this financing. “Proficio is changing the way organisations meet their IT security and compliance goals by providing the most advanced cybersecurity solutions without the cost and complexity of acquiring sophisticated software or operating a 24×7 Security Operations Centre on their own.”

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*Gartner, Market Guide for Managed Detection and Response Services, 10 May 2016

About Proficio

Proficio is an award-winning provider of managed detection and response services. Its innovative approach to managed security service delivery is changing the way organisations defend against advanced threats, achieve regulatory compliance, and prevent security breaches. Proficio’s ProSOC service provides highly accurate, 24×7 security monitoring and alerting, advanced threat detection, and automated response services. Proficio is the trusted managed security service provider for some of the world’s leading utility, healthcare, industrial and consumer-focused organisations. To take your security to the next-generation, visit proficio.com. Join the conversation with Proficio’s security leaders at TwitterFacebook and LinkedIn.

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