Top 40 Managed Detection and Response Security Companies

 Top 40 Managed Detection and Response Security Companies. Based on Gartner MDR Market Guide 2021 plus MSSP Alert Perspectives and Analysis

The line between MDR (managed detection and response) and traditional MSSPs are largely blurry - and in some cases disappeared. Hundreds of MSSPs now offer MDR services - but Gartner says customers should be careful about prenatal children on the market who have incomplete offers.

To help clarify the situation, Gartner's 2021 Market Guide to Managed Detection and Response Services refers to 40 companies offering reliable capabilities for MDR devices - up from about 20 companies in 2018.

Notes:

• Gartner concedes: "This is not intended to be a list of all service providers in the MDR service market. It is not a competitive analysis of service providers, nor is it intended to be."

• What about SMB?: Gartner tends to focus on medium and MDR companies, MSSP Alert believes and ignores fast-growing and MSP-compliant MDR providers such as Blackpoint Cyber, Huntress, Netsurion and Stellar Cyber. Each of the four MDR providers has acquired critical mass with MSSPs and MSPs.

• Related - Top 250 MSSPs and top 25 SOCaaS companies: Many MDR companies listed below have also appeared in the list and research of the top 250 MSSP companies 2021, and some MDR service providers are also considered SOCaaS providers.

Now, here's Gartner MDR's list (alphabetically arranged) along with the MSSP Alert background in each company.

Top 40 Managed Detection and Response (MDR) Security Companies to Know

1. Ackcent (Barcelona, Spain)

As of mid-2020, AttackIQ and Ackcent have partnered to provide breach and attack simulation (BAS) and continuous security verification (CSV) to participating customers across Europe. Ranked 108th in the MSSP Top 250 list for 2021.

2. ActZero (Toronto, Canada)

As of mid-2021, ActZero announced the Summit Partners program for MSPs, MSSPs and VARs. The company said Summit enables ActZero partners to offer MDR as a white-branded service. Also, ActZero acquired Intelligo Networks, a leading provider of MDR, in 2020 and also amassed a $40 million initial round led by Point72 Hyperscale in 2021.

3. Aiuken Cybersecurity (Madrid, Spain)

The company develops SOC Multi-Cloud and is primarily partnering with technology vendors. Other than seeing Aiuken on Gartner's MDR list, the company was not on MSSP Alert's radar.

4. Alert Logic (Houston, Texas, United States)

In a surprise move, Alert Logic in January 2021 promoted Chief Financial Officer John Post to CEO and hired several executives who had previously held key positions at Carbonite and Webroot. The changes and executive updates came as Alert Logic strives to position itself as the best provider of SaaS-based MDR and SOAR services (security and response format). Private equity firm Welsh, Carson and Anderson & Stowe have owned Alert Logic since August 2013. New Alert Logic partner incentives arrived in September 2021.

5. Arctic Wolf (Eden Briery, Minnesota, United States)

Arctic Wolf could launch an IPO in 2022. In preparation for the move, the company promoted President and Chief Revenue Officer Nick Schneider to CEO in August 2021. Arctic Wolf raised $150 million in F-Class funding and achieved a $4.3 billion valuation in July 2021. Major investors include Viking Global Investors and Owl Rock, a division of Blue Owl Capital, and other current investors, the technology company said at the time. Also, in June 2021, Arctic Wolf expanded channel-focused security services and operations to EMEA and included approved levels and Wolf Pack levels in its channel partner program. The Arctic Wolf also launched its managed security awareness training solution in May 2021.

6. Atos (Paris, France): Atos acquired Paladion, the MDR service provider, in early 2020. Paladion, founded in 2000, had more than 800 employees and almost 400 customers in 12 countries at the time of the deal. Paladion also generated revenue of $29 million in 2019. Atos, meanwhile, is struggling to drive growth in the company's comprehensive IT consulting business.

7. Binary Defense (Stow, Ohio, United States)

The MSSP and MDR provider also appeared on Forrester Wave's list of MDR leaders. The company's offerings include SOC-as-a-Service, managed discovery and response, security information and event management, threat hunting, and counterintelligence.

8. Bitdefender (Bucharest, Romania): This is an example of a security software company competing in the MDR market while supporting MSP partners. As of September 2021, Bitdefender has introduced three MDR packages - including Bitdefender MDR Core, Bitdefender MDR Advanced and Bitdefender MDR Enterprise.

9. BlueVoyant (New York, New York, U.S.)

BlueVoyant, formerly known as BlueteamGlobal, was launched in 2017. As of November 2021, it was clear that BlueVoyant was seeking to raise $150 million, and the funding round could estimate MSP's next generation at $1.4 billion - although the terms were not finalized. Watch this story for full BlueVoyant business updates and business history, as of November 2021.

10. Booz Allen Hamilton (McLean, Virginia, United States)

Booz Allen Hamilton, which manages the top 250 MSSP business units, is to achieve further acquisitions in areas such as cybersecurity services and healthcare technology as of October 2021. Booz Allen expressed similar M&A views in January 2021. Since then, the company has acquired Liberty IT Solutions for healthcare IT consulting and cybersecurity services provider Tracepoint. On the other hand, Booz Allen launched SnapAttack to search for and discover threats in November 2021.

11. Critical Insight (Seattle, Washington, United States)

Formerly known as CI Security, Critical Insight integrated with Microsoft Defender Advanced Threat Protection (ATP) in mid-2020. However, I haven't heard much from Critical Insight since the company raised $16 million in Series B funding in 2019 to follow growth in the healthcare market.

12. CriticalStart (Plano, Texas, United States)

CriticalStart launched a brand campaign in early 2021 to bring clear talk and authenticity to cybersecurity. By doing so, Critical Start hopes to make cybersecurity "less terrifying and more accessible," CMO Carrie Kelly said. Just as we were writing this blog, CriticalStart broke up with CyberOne, a value-added vendor (VAR) generating more than $100 million in annual revenue, in November 2021. Earlier, CriticalStart raised $40 million in 2019 to expand across the U.S. states. Also, the Company has integrated Devo SIEM (security information and event management) into its MDR service.

13. CrowdStrike (Sunnyvale, California, United States)

She is best known for being a cloud-based security software provider, but the company also focuses mainly on MDR. George Kurtz, CEO of CrowdStrike, said in December 2020 that most of CrowdStrike's customer profits are partner-led deals, and sales across Amazon Web Services (AWS) are growing...

14. Cybereason (Boston, Massachusetts, United States)

This is another security software company with MDR capabilities. Among the true believers is Google - an investor in Cybereason. In early 2021, Cybereason raised $275 million in F-series financing, led by private equity and venture capital firm Liberty Strategic Capital.

On the alliance front, Cybereason launched the Cybereason Defenders League Partner Program in July 2021. Also, in April 2021, the company unveiled the MSSP Partners program in North America. Partner programs emerged after Cybereason in February 2021 appointed several executives as part of its efforts to develop its channel partnerships. These appointments included Stefan Tallent, Vice President of MSSPs for North America.

15. Cyberoo (Reggio Emilia, Italy)

MSSP Alert - We did not hear about Cyberoo before the release of the 2021 Gartner MDR report. However, Cyberoo has a distributed program ...

16. Cyderes (Kansas City, Missouri)

Cyderes is the fish tech Group's security department and 250 MSSP. The company is working with Cybereason to offer the MDR solution to subscriber customers. In January 2021, Cyderes partnered with SOC Prime to deliver SOC Prime threat detection content to all Cyderes customers.

17. Cysiv (Dallas, Texas and Ottawa, Canada)

Cysiv, a service provider of the soCaaS platform, funded $26 million in Class A in 2020 led by venture capital firm ForgePoint Capital. Developed in Trend Micro and launched in 2018 through a partnership with HITRUST to develop data protection and certification standards.

18.DeepWatch (Denver, Colorado)

Deepwatch, a top 250 MSSP and pop-up from GuidePoint Security, made a $53 million Series B investment led by Goldman Sachs in October 2020. More recently, the company announced MDR Essentials - which benefits from Splunk SIEM technology.

19. eSentire (Waterloo, Ontario, Canada)

eSentire grew from the United States to the EMEA region, and in June 2021 the company bought CyFIR, a provider of criminal investigation and digital forensic tools. As of mid-2021, more than 1,000 enterprises in 70 countries are using these services to secure their data and applications. The MDR provider recorded annual growth of approximately 100 per cent in the first quarter of 2020. Also, eSentire raised $47 million in early 2019.

20. Expel (Herndon, Virginia, United States)

Excel raised $140.3 million in E-Class financing and turned into Unicorn -- a rare private company with a value of more than $1 billion -- in November 2021. As of mid-2020, Excel has partnered with several MSP-compliant peripheral security companies - including SentinelOne and VMware Carbon Black. Also, MSP-friendly network relationships include Cisco and Palo Alto Networks systems.

21. F-Secure (Helsinki, Finland)

F-Secure in early 2021 on a business model based on use for its channel partners and customers. The company had more than 200 service provider partners as of early 2021. In 2018, F-Secure also unveiled a quick solution to discover and respond to endpoints (EDR) for MSPs and MSSPs. Earlier that year, F-Secure acquired MWR InfoSecurity to enhance cybersecurity services and detection and response solutions.

22. IBM Security (Armonk, New York)

IBM Security's full coverage is here, although we haven't heard much about specific MDR initiatives.

23. Kaspersky (Moscow, Russia)

Here's another example of an endpoint security software company entering the MDR market. Kaspersky has an MSP partner program, but the program doesn't generate a lot of conversations in the United States. The obvious reason: The U.S. government has repeatedly claimed that Kaspersky may have ties to the Russian government, although Kaspersky has repeatedly denied the allegation.

24. Kroll (New York, New York)

Kroll acquired MDR Redscan in early 2021. Before the M&A deal, Redscan in 2020 acquired accreditation from CREST for the Security Operations Center (SOC). 

25. Kudelski Security (Cheseaux-Sur-Lausanne, Switzerland, Phoenix, Arizona, United States)

Kudelski Security, the cybersecurity division of digital security and converging media solutions provider Kudelski Group, integrates cloud-based traffic and data inspection into its managed security services in 2019.

26. Mandiant (Milpitas, California, United States)

The company broke up with FireEye in mid-2021. By November 2021, Mandiant CEO Kevin Mandia described the company's MSSP partner strategy. Mandia also described the four-point research, development and innovation strategy. The overall strategy includes Mandiant Advantage Platform, a SaaS-based XDR platform that addresses threat information, security verification, automated defence, and attack surface management. The four-point technology strategy includes:

27. Mnemonic (Oslo, Norway) 

Mnemonic in 2017 selected Netscout Systems' nGenius Packet Flow System to enhance its managed security services with package visibility capabilities, the two companies said at the time. Progress quickly to this day, and we haven't heard much from the company.

28. NCC Group (Manchester, United Kingdom)

NCC Group is a headquartered information assurance company. Its areas of service cover software assurance and verification, cybersecurity consulting and managed services. The NCC Group has more than 15,000 customers worldwide. However ... We've never blogged about the company.

29. Obrela Security Industries (London, United Kingdom)

Here's another rare MDR security provider that we've rarely covered - although Obrela appears in the TOP 250 MSSP list...

30. Open Systems (Zurich, Switzerland)

Open Systems acquired Microsoft Azure Sentinel Born in the Cloud in mid-2020. Around the same time, Open Systems provided a managed detection and response service (MDR) that promotes Azure Sentinel SIEM.

31. Optiv (Denver, Colorado)

Optiv positioned itself in 2021 as "the leading provider of consulting and electronic solutions."

32. Orange Cyberdefense (Paris, France)

Orange in 2019 on SecureLink, one of Europe's largest independent MSSP programs offering cybersecurity consultancy as well as managed detection and response services (MDR). The deal was valued at 515 million euros - or about $577 million.

33. Pondurance (Indianapolis, Indiana, United States) acquired

With the support of private equity firm Newlight Partners, bearing Cybersecurity consulting and evaluation services in mid-2021. Buyer said Bearing technology - particularly risk management platform MyCyberScorecard - is expected to enhance Pondurance's MDR services and help its customers improve their security status and comply with industry and regulatory standards.

34. Proficio (Carlsbad, California, United States)

Proficio is supported by Kayne Andersen Capital Advisors. Additional company updates here.

35. Quorum Cyber (Edinburgh, United Kingdom)

This is another MDR security company that somehow evaded radar ...

36. Rapid7 (Boston, Massachusetts, United States)

Rapid7 acquired Israeli security company Kubernetes Alcide.IO for approximately $50 million in February 2021. The deal emerged a few months after Rapid7 acquired cloud security management company DivvyCloud in 2020. Rapid7 supports more than 9,300 customers worldwide.

37. Red Canary (Denver, Colorado, United States)

The company in 2020 launched the Red Canary Alert Center to help security teams view, manage and prioritize alerts, according to a prepared statement. Earlier in 2020, Red Canary Red Canary MDR launched Advanced Risk Protection with Microsoft Defender (MDATP).

38. Secureworks (Atlanta, Georgia, United States)

Secureworks, owned by Dell Technologies, has been pushing hard to develop SaaS security software and create a channel partner program primarily for VARs and retailers.

39. Sophos (Abingdon, United Kingdom)

Sophos, owned by private equity firm Thoma Bravo, is famous for its security software that corresponds to MSP. Sophos in 2019 launched The Managed Threat Response (MTR), a managed threat search, detection and response service that MSPs can benefit from.

40. Verizon (Basking Ridge, New Jersey, United States)

Verizon in 2020 integrated securonix SIEM (security information and event management) into its MDR service. Verizon's MDR combines remote threat monitoring, detection and response capabilities with Securonix's SIEM, the companies said.

18 MDR Companies no longer listed by Garter

The following companies, cited by Gartner in 2018 and/or 2020, are not mentioned in the 2021 MDR report:

1. Armor
2. Blackpoint Cyber
3.  Cisco Systems
4.  ControlScan
5. CSIS
6. Datashield
7. Fidelis Cybersecurity
8. GoSecure
9. Ingalls Managed Detection and Response
10. IntelliGO Networks
11. IronNet Cyber Operations Center
12. Leidos (acquired by Capgemini)
13. LMNTRIX
14. Masergy
15. Raytheon Managed Detection & Response
16. Rook Security MDR (acquired by Sophos)
17. Trustwave
18. UnitedLex’s MDR business (acquired by Ankura)

Managed detection and response services must be necessary for all companies and organizations to protect their online data. Using the best cybersecurity services, the information on the network will be protected.