Lumifi, a cybersecurity industry leader, is embarking on a strategic expansion plan by targeting cybersecurity firms. This strategic direction gains its foundation from Lumifi’s recent landmark acquisition, Castra, valued at $14 million, which further fortifies the SOC Visibility Triad, a concept initially introduced in a Gartner research report titled “Apply Network-Centric Approaches for Threat Detection and Response”1 We believe that Lumifi has followed this path diligently followed for 15 years.
By integrating top-tier cybersecurity analysts with cutting-edge systems, Lumifi steadfastly maintains its gold standard in safeguarding its esteemed clientele. This development comes in the wake of Lumifi’s $30 million acquisition of Datashield from ADT in April 2022. The company is now primed to secure 2-4 more acquisitions within the next 6 to 18 months, bolstering its position in the cybersecurity landscape.
According to Gartner, “The renewed focus on the human element continues to grow among this year’s top cybersecurity trends,” says Gartner Senior Director Analyst Richard Addiscott. “Security and risk management leaders must rethink their balance of investments across technology, structural, and human-centric elements as they design and implement their cybersecurity programs.” 2
Each day brings new threats and challenges, further compounded by artificial intelligence (AI). Cybercriminals have become more sophisticated, and thus, the detection and mitigation of security threats must be thorough. Lumifi’s approach to cybersecurity integrates system, network, and device monitoring with human expertise. The company’s advanced security framework is monitored 24 hours a day/7 day a week by a team of U.S.-based cybersecurity analysts and former military and DoD experts.
“We are experiencing increasing demand for our comprehensive and proactive MDR services,” said Michael Malone, CEO of Lumifi. “Keeping our customers out of harm’s way 24/7 requires the perfect combination of breakthrough yet highly reliable and proven technology solutions and qualified human expertise. Now, our next steps for expansion necessitate finding and acquiring the best MDR companies that complement and expand upon all that we are presently offering.”
While many cybersecurity solutions necessitate regular oversight, Lumifi sets itself apart by providing a cutting-edge Managed Detection and Response (MDR) service. This unique approach synergizes the capabilities of our Security Operations Center with our in-house developed platform, ShieldVision™. Recognized as a top-tier Security Orchestration Automation and Response (SOAR) solution, ShieldVision™ stands out in threat detection, proactive hunting, and immediate automated interventions. As Lumifi pursues acquisitions of firms like Castra, the company’s focus is not just on expanding our tech arsenal, but also on deepening it’s engineering expertise.
SOURCE: Businesswire