MARKET MOVEMENT
Proofpoint completes acquisition of Tessian , vendor in advanced AI
Proofpoint announced completion of its acquisition of Tessian , a vendor in the use of advanced AI to automatically detect and guard against both accidental data loss and evolving email threats . Combining Proofpoint ’ s threat and data loss protection technology and intelligence with Tessan ’ s AIpowered behavioural and dynamic detection will give organisations comprehensive defence against the human layer risks with any deployment model they choose .
Attacks targeted at people and human error remain behind over 90 % of successful cyber-attacks , from ransomware to BEC , and over 90 % of data loss , including the 65 % of data loss incidents that result from misdirected email .
Unlike other solutions that rely either solely on threat intelligence or limit their detections to AI , the solution will be able to drive effectiveness against the full range of human-targeted threats , from social engineering to malware to credential phishing . The combined platform will also enable organisations to prevent data loss across the most critical collaboration channels , from email to the cloud to the endpoint , leveraging an industry-first combination of user activity , behavioural AI , and data classification .
“ Tessian ’ s innovative technology will further enhance Proofpoint ’ s threat and information protection platforms by adding powerful layers of AI-powered defence that address risky user behaviours , including misdirected email and data exfiltration ,” said Darren Lee , Executive Vice President and General Manager of Proofpoint ’ s Security Products and Services Group .
Darren Lee
“ Email continues to be a key risk vector and core focus for many organisations ” said Jerry Kowalski , Chief Information Security Officer , Jefferies . “ We look forward to seeing how the combination of Tessian ’ s behavioural-based approach with Proofpoint ’ s industry data will protect companies against the most advanced forms of email risk and data loss .”
Tessian was named a Strong Performer by Forrester Research , in The Forrester Wave : Enterprise Email Security , Q2 2023 .
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Advansys makes acquisition of cloud service provider , FORTE CLOUD
Advansys announced its acquisition of FORTE CLOUD , a cloud service provider and consulting partner . The acquisition is one of the main milestones in achieving Advansys aggressive expansion plan . This acquisition is not just a merger of two entities , but a fusion of expertise and innovation .
Advansys will incorporate FORTE CLOUD ’ s expansive range of cloud services , including advanced cloud architecture and migration solutions . This integration is set to revolutionise Advansys ’ s portfolio driving unprecedented value for customers and partners alike .
“ FORTE CLOUD is a strong , strategic fit for Advansys and the combination of our two companies will drive significant value for both our partners and customers ” said Advansys Chairman and
CEO , Ahmed ElMoghazy .
“ FORTE CLOUD ’ s services in the MEA region will add to Advansys , creating a world-class portfolio of offerings . Also , the addition of exceptional talent to our team brings in new expertise and proficiency .” As the two companies join forces ,
Ahmed ElMoghazy is appointed as the
Chairman and CEO of FORTE CLOUD , Abdelrahman Elposhi is appointed as the Chief Technology Officer , Yasser Mamdouh is appointed as the Chief Financial Officer , and Moheeb Darwish is appointed as the Chief Commercial Officer .
Abelrahman Elposhi , founder of FORTE CLOUD , said , “ Today ’ s announcement is a testament to our shared vision of innovation and excellence . The synergistic potential between Advansys and FORTE CLOUD promises to elevate our service capabilities and create a transformative impact in the technology sector .”
Advansys is a global solutions provider , passionate about building smart , modular , comprehensive , and sustainable solutions for world of business . Advansys offers tailored solutions in different areas such as strategic outsourcing , business automation , digital transformation , and industrial automation .
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