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Additional Info

Company (that provides the nominated product / solution / service)Securonix
Websitehttp://www.securonix.com 
Company size (employees)500 to 999
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

-- Unlike the legacy SIEM vendors that charge customers by data volume, Securonix is disrupting the pricing model with a flat, identity-based one. The pricing enables customers to have predictable and transparent costs that do not increase exponentially with data. Its pricing predictability contributes to Securonix’s high win rate when replacing legacy providers such as ArcSight, IBM and Splunk.

-- With global dwell time averaging around 60 days, threat hunting continues to be an important part of cybersecurity resiliency. However, searching across historical data is costly and time consuming. Many legacy SIEM vendors aren’t able to dynamically scale for fast search across archived data without throttling. Securonix empowers threat hunters with Long-Term Search (again, at one-third of the cost), and nearly unlimited scale. With Long-Term Search, organizations can reduce the time needed to investigate and find threats that are already in their environment.

-- At its core, Securonix pioneered the user and entity behavior analytics (UEBA) space with a solution that leverages identity context and machine learning to detect and prioritize high risk threats. This UEBA technology today is the heart of the Securonix SaaS SIEM offering. The solution is based on an open big data platform enabling customers to scale effortlessly to hundreds of thousands of events per second (EPS).

Brief Overview

Securonix is redefining security information and event management (SIEM) for today’s hybrid cloud, data-driven enterprise. Built on big data architecture, Securonix delivers SIEM, UEBA, SOAR, Security Data Lake, NTA and vertical-specific applications as a pure SaaS solution with unlimited scalability and no infrastructure cost. Securonix reduces noise, prioritizes high fidelity alerts and detects and responds to advanced insider and cyber threat with behavioral analytics technology that pioneered the UEBA category.

Securonix is also identified as the leader in the 2020 Gartner Magic Quadrant for SIEM. Entering the $4.2 billion SIEM space in 2017, Securonix was identified as the most visionary vendor in the first year. Now, as the SIEM market is expected to reach $5.5 billion by 2025, Securonix and has established itself as a leader in the space in less than 3 years. Its SaaS business has grown over 400% since 2018 and continues to grow over 100% year over year. Headcount, meanwhile, has grown to 500+ within the company.

With a modern, analytics-driven approach and SaaS-based delivery, Securonix is disrupting the SIEM market and rapidly growing its business and customer footprint across the globe. Its customers include 1/3 of Fortune 500 companies across various industry verticals.