Third Year in a Row: Paladion Recognized in 2019 Market Guide for Managed Detection and Response Services

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Paladion has been recognized for the third year in a row by Gartner— the leading independent research advisory firm.

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Complimentary View of the Gartner Market Guide to Managed Detection and Response

The goal of MDR services is to rapidly identify and limit the impact of security incidents to customers.

In their 2019 Market Guide for Managed Detection and Response (MDR) Services, Gartner gives enterprises a real-world perspective on how they can select an MDR provider to solve their evolving cybersecurity threats. The guide provides a list of firms, which once again included Paladion.

“We are honoured that Gartner chose to include us in their list of Representative Managed Detection and Response Providers for the third year in a row,” states Vinod Vasudevan, CTO at Paladion. “We continuously strive to provide cutting-edge security capabilities to our customers. Auto threat containment, voice assistant on our platform, and MDR tailored for the Cloud are results of our continuous innovation —and we feel grateful to receive this recognition for our service from both our customers and the world’s leading independent analysts at Gartner.”

According to Gartner, “the goal of MDR services is to rapidly identify and limit the impact of security incidents to customers. These services are focused on remote 24/7 threat monitoring, detection and targeted response activities. MDR providers may use a combination of host and network-layer technologies, as well as advanced analytics, threat intelligence, forensic data, and human expertise for investigation, threat hunting and response to detected threats.”

Gartner predicts significant growth in this market. Their Market Guide makes the following estimates, “by 2024, 25% of organizations will be using MDR services, up from less than 5% today” and “by 2024, 40% of midsize enterprises will use MDR as their only managed security service.”

“Threats will only increase in size and complexity over the next five years,” explains Vinod. “Organizations will benefit from partnering with managed security providers to fill the gaps in their defence, and to acquire security skills and capabilities that would be challenging to develop in-house.”

Paladion continuously evolves their service to stay ahead of the cyber security landscape, and to be ready to provide skills and capabilities before the market identifies their need. In their Market Guide, Gartner identifies that “pure-play MDR providers are expanding into complementary areas to fill other gaps in customer security operations capabilities, like vulnerability management and cloud security.”

These are two areas where Paladion has proactively expanded their service offerings over the previous year.

We believe many of Gartner’s 2019 security recommendations mirror the service line and operating structure Paladion has developed in recent years. Gartner’s 2019 guide recommends organisations “use MDR services to add 24/7 threat detection and incident investigation and response capabilities, when they don’t exist or are immature. Internal resources will still be needed for some response activities, and incident response retainers will be necessary for additional support as well” as well as “use MDR services offering a turnkey technology approach when there is little to no existing investment related to security technologies for threat detection and forensics, and when the speed to implement MDR services is important.”
Each has become a hallmark of Paladion’s portfolio.

“In most ways, we believe Gartner’s outlook on the MDR market tightly aligns to our own roadmap,” concludes Vinod Vasudevan. “We are encouraged to see what we feel is Gartner’s identification of challenges and gaps in today’s global security landscape. We strive to remain aligned over the coming years, and to provide a simple end-to-end solution for organizations looking to fulfil Gartner’s security recommendations.”

Gartner, Market Guide for Managed Detection and Response Services, Toby Bussa, et al, 15 July 2019. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Paladion is a next-generation cybersecurity provider to technology, manufacturing, and cloud-first companies across the United States. They are consistently recognized and rated by independent technology advisory firms for their Cloud security, Vulnerability Management & Response, and Managed Detection and Response Services, which is anchored by their patented Artificial Intelligence platform – AI.saac.

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SACHIN VARGHESE
Paladion
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Srikanth Raju
Paladion
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