NexDefense Named 2016 Entrepreneurial Company of the Year in the Industrial Cybersecurity Monitoring Software Market by Frost & Sullivan

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Leading global research and consulting firm selects NexDefense for its strong team, timely market launch, and passive situational awareness product and features

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We thank Frost & Sullivan for understanding the value that NexDefense brings to ICS security, and we are grateful to earn the recognition of such an esteemed organization

NexDefense Inc., a leading provider of cybersecurity for industrial control systems, announced today that it has been named the 2016 Entrepreneurial Company of the Year in the industrial cybersecurity monitoring software market by Frost & Sullivan, the leading global research and consulting firm. Selected using a scoring system that includes the categories of price/performance value, customer experience, competitive differentiation, brand equity, and persistence, NexDefense’s score averaged 9.0/10, compelling Frost & Sullivan to proclaim NexDefense as the “the ideal security solution for ICS.” The full report can be found here.

In addition to emphasizing its strong team and timely market launch, Frost & Sullivan’s independent research team credited NexDefense’s Sophia™, a network monitoring and anomaly detection system, for its extensive passive situational awareness features. Specifically, the report cites Sophia’s device identification and traceability, expanded data analysis, views and reports, user-defined customization, tracking change management, and issuance of real-time alerts as reasons it “stands above all the others in the evolving ICS cybersecurity monitoring market.”

“We built Sophia knowing that ICS environments require ICS-specific cybersecurity,” said Derek Harp, co-founder and executive chairman, NexDefense. “Today’s controls engineers and facility operators are being asked to protect the integrity and availability of ICS networks that were never designed for interconnectivity. Sophia makes overcoming that challenge significantly easier by providing an unprecedented level of real-time situational awareness. We thank Frost & Sullivan for understanding the value that NexDefense brings to ICS security, and we are grateful to earn the recognition of such an esteemed organization.”

NexDefense’s Sophia combines real-time, industrial-grade security monitoring with state-of-the-art visualization, industrial protocol intelligence, event logging, reporting, and notifications, all in a scalable solution engineered for use in both new and existing control systems. The software helps meet today’s industrial cybersecurity challenges by first establishing a baseline of normal control system network activities and then continuously tracking devices to identify unusual communication patterns such as erratic, abnormal, or potentially malicious traffic. By providing access to real-time network security intelligence, controls engineers, technicians, and operators are empowered to make more informed decisions on how to address cyber risks throughout a control system’s lifecycle.

“Our independent research team is pleased to name NexDefense as the 2016 Entrepreneurial Company of the Year in the Industrial Cybersecurity Monitoring Software Market,” said Naveen Kumar, senior industrial analyst, Frost & Sullivan. “After a thorough evaluation of its product and the competitive landscape, we are confident in our decision to position NexDefense as a leader in this important emerging market.”

Recently, NexDefense has also earned recognition as a 2016 Top Startup by The Indus Entrepreneurs (TiE), a global nonprofit organization for entrepreneurs, and as a Top 40 Most Innovative Company in Georgia by the Technology Association of Georgia. For more information on NexDefense and the Sophia network monitoring solution for industrial control systems, visit http://www.nexdefense.com and follow the company on Twitter @NexDefense.

About NexDefense
NexDefense empowers industrial control system operators with the real-time knowledge needed to maintain system integrity and combat sophisticated cybersecurity threats. Through Sophia, a patent-pending industrial network monitoring and anomaly detection system, control system engineers, operators, and security practitioners can gain valuable insight into networking events and activities that can negatively affect vital process and manufacturing systems. When employed throughout the control system’s lifecycle, the system’s proven capacity to identify, analyze, and warn about deviations from normal operations provides unparalleled situational awareness and actionable intelligence to limit risk, reduce liabilities, and enhance control system safety, security, and productivity. For more information on NexDefense, visit http://www.nexdefense.com and follow the company on Twitter @NexDefense.

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Evan Goldberg
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