TRANSFORMYX #111 ON TOP 250 MSSP LIST FOR 2020

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TRANSFORMYX #111 ON TOP 250 MSSP LIST FOR 2020

Ned Fasullo • September 18, 2020

FOR IMMEDIATE RELEASE:

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

BATON ROUGE, La. – Transformyx has been as one of the Top 250 Managed Security Service Providers in the world for 2020. Ranked #130 in 2019, the company rose to #111 for 2020. 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.

“After Nines Inc. and MSSP Alert congratulate Transformyx 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.

"In 2017 Transformyx acquired a locally-based cybersecurity company with a national footprint. Since that time, that team of dedicated cybersecurity professionals has designed and built our cyber practice to address all facets of security for our customers across all market segments. We could not be more proud of this year's award as it signals our continued desire to always lead with security to protect our customer's networks, data and employees from cyber threats." - Jim DuBos, CEO, Transformyx

About Transformyx. Formed in 1987, Transformyx is a Louisiana-based provider of agile, strategic technology and business solutions built upon innovation. The company services over 1,000 clients across the U.S., in various enterprises such as financial, education, government, healthcare, legal, as well as mid-market and commercial. For more information, visit transformyx.com.

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Ned Fasullo, Manager, Mid-Market Division

For more information:

Email us | Sales@tfmx.com

Call us | 225.761.0088 ext 112

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