For the 3rd Time, Transformyx Ranks #161 on the MSSP Top 250 List
Ned Fasullo • Sep 20, 2021
For the 3rd Time, Transformyx Ranks #161 on the MSSP Top 250 List.
Fifth-Annual List Honors Leading MSSP, MDR and SOCaaS Cybersecurity Companies Worldwide.
BATON ROUGE, LA – MSSP Alert, published by After Nines Inc., has named Transformyx to the Top 250 MSSPs list for 2021 (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 2021 readership survey combined with the digital media site’s global editorial coverage of managed security services providers. The fifth-annual list and research report track the managed security service market’s ongoing growth and evolution.
“In 2021 we continued our focus that Cyber Security would be nonnegotiable for our customers,” said James DuBos Transformyx, CEO. “We are honored to be among such a prestigious group of service providers.”
Highlights from the associated MSSP Alert research include:
- MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $22.3 million in revenue for 2021, up 16% from $19.2 million in 2020. The growth rate remains consistent with last year’s report.
- Geography: Honorees are headquartered in 26 different countries.
- Profits: 85% of MSSPs surveyed expect to be profitable for fiscal year 2021, which is roughly even with 2020.
- Security Operations Centers: 71% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 2% are reevaluating their SOC strategies.
- Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2021 include vulnerability exploits (87%), phishing (96%), and ransomware (89%) incidents.
- Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 130 different hardware, software, cloud, and services vendors that assist their cybersecurity efforts -- roughly even with our 2020 report.
- New Managed Security Services Offered: In addition to traditional managed security services, capabilities such as MDR (91%) have now gone mainstream. Plus, fast-growth services offered include SOC as a service (76%), XDR (67%), cyber talent as a service (43%) and cloud security posture management (41%).
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Lockstep Technology Group, a leading provider of technology solutions for SLED organizations, is adding Transformyx, a leader in technology infrastructure and managed services, to become the leading full-service provider of IT solutions and services focused exclusively on optimizing the IT strategies of organizations in the education, healthcare, government, and commercial sectors across the Southeast. Lockstep and Transformyx share a common purpose to provide technology solutions that enable a robust, scalable, innovative, secure, and highly engaging environment for working and learning. With combined resources, Lockstep, based in Atlanta, GA and Greenville, SC, and Transformyx, based in Baton Rouge, LA, will strengthen their market positions in the Southeast and offer their clients turn-key solutions that include managed services, data & infrastructure, security & compliance, and end point technology solutions. Both organizations take pride in being customer-centric and client obsessed and have partnered with thousands of organizations spanning schools, colleges, healthcare, municipalities, and business over the past decade. “The passion and purpose embodied by the Transformyx team align with everything we do at Lockstep. We’re excited to be able to immediately offer a wide range of technology solutions that enable success.” Mahendran Jawaharlal, CEO, Lockstep Technology Group.
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