Prancer and Xforia announce a mission-driven strategic partnership to defend enterprises against modern cyber threats in the cloud
A strategic partnership has been established with Xforia to invest in Prancer and acquire major stakes at $15 million valuations to fuel Prancer's commitment to delivering cutting-edge solutions to "shift-left" cloud security and expand its global footprint.
SAN DIEGO, April 27, 2022 /PRNewswire-PRWeb/ -- Prancer Enterprise, a visionary cloud cyber security SAAS provider, is excited to announce a strategic partnership with Xforia. Xforia is a Dallas-based firm that offers best-in-class digital transformation services to businesses around the world, including consulting, product engineering, mergers & acquisitions, and recruiting services through a network of over 100+ clients.
A strategic partnership has been established with Xforia to invest in Prancer and acquire major stakes at $15 million valuations to fuel Prancer's commitment to delivering cutting-edge solutions to "shift-left" cloud security and expand its global footprint. Prancer will offer cloud cybersecurity services to Xforia's clients and expand its market presence in automated pentesting and vulnerability assessments of cloud infrastructures and applications as part of the collaboration.
As part of the partnership, Xforia provides a few senior top-level executives to the Prancer team to handle go-to-market strategies for Prancer. The expansion of Prancer's executive team gives the firm unprecedented power for progress and growth. Also, xforia dedicates a sales team and infrastructure to Prancer to expand the current customer base.
"Prancer has unique subject-matter expertise and technology in the field of offensive security testing. The majority of firms conduct vulnerability assessments and penetration testing as a manual exercise at the end of the SDLC process, resulting in a lot of friction between engineering teams that ultimately slows product release. With Prancer, our clients may include the security testing as part of their SDLC and save costs on cyber expenditures by achieving faster release cycles" said Sasi Naga, founder of XForia.
"Through this collaboration with Xforia, we will further strengthen our automated offensive security solutions to protect enterprises from increasingly complex cyber threats and expand our presence to the larger customer base that demands rapid cloud adoption with an emphasis on automation and self-service models that incorporate security from the ground up at scale" stated Farshid Mahdavipour, CEO of Prancer.
About Xforia
XForia is a multi-faceted IT-based firm that is committed to developing unique solutions to meet the demands of your company, ranging from product engineering to resourcing, mergers and acquisitions, cybersecurity, headhunts, and just about every assistance you could desire. XForia's team of seasoned executives, industry specialists, and client advisors has a profound comprehension of not only specific client requirements but also the metrics that steer their success. For more information visit https://www.xforia.com
About Prancer
Prancer is the industry's first cloud-native, self-service SAAS platform for automated security validation and penetration testing in the cloud. Prancer provides a comprehensive suite of Infrastructure As Code (IAC) security and penetration testing as code (PAC) solutions to enable shift-left approaches to implement both preventative controls as well as offensive security testing mechanisms, allowing you to rapidly validate your cloud applications against ever-growing sophisticated purpose-built cyber threats at scale, resulting in faster release cycles, greater false-positive reduction, and cost savings for both security and engineering teams. For more information visit https://www.prancer.io
Media Contact
Farshid Mahdavipour, Prancer Enterprise, 4246664586, [email protected]
SOURCE Prancer Enterprise
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