RESTON, VA--(Marketwire - February 4, 2009) - AlgoSec, the leading provider of Firewall
Operations and Security Risk Management Solutions, today announced over
400% growth in the number of Managed Service Providers (MSPs) offering
AlgoSec Firewall Analyzer (AFA) solutions to their clients thanks to the
new Software as a Service (SaaS) model. With AFA, MSPs are generating
new revenue by enhancing Service Level Agreements (SLAs) and improving
operational efficiency by offering AlgoSec's technology as a SaaS.
Fueled by the current down market where companies are looking to improve
operational efficiency while cutting costs, the AFA delivered as a SaaS is
seeing significant growth, particularly among MSPs which pay as they go,
ensuring maximum revenue with zero risk.
AFA makes it possible for businesses or their security providers to easily
and effectively manage multi-firewall, multi-vendor security environments
and gain essential visibility to make informed decisions regarding network
traffic. AFA's intelligent algorithms and unique ability to map the network
topology provides unprecedented insight, streamlines firewall change and
risk management, and provides IT governance where it did not exist.
"In addition to the traditional methods of delivery, MSPs now easily and
seamlessly offer their clients the benefit of a comprehensive and
intelligent firewall management solution via the SaaS model. The SaaS
model's value has become wholly evident in today's market where CAPEX
budgets are under pressure, and everybody is looking for flexibility," said
Yuval Baron, CEO and Co-Founder of AlgoSec. "Delivering the AlgoSec
solutions via SaaS eliminates any financial risk for our partner MSPs
because they only pay when they have actual revenues from provisioning
AlgoSec's technology to customers. It is a win-win for everyone: customers,
partners and AlgoSec."
The SaaS model has seen significant growth among MSPs serving all markets,
particularly within the network security arena and AlgoSec's MSP partners
are no exception. Aside from the proven benefits the SaaS model affords to
end-user customers -- better manageability, scalability, and value for
resource-conscious organizations -- MSPs delivering the AFA as a
cloud-based service are reaping new benefits as well, including:
-- Increased flexibility in the services they offer and greater speed in
provisioning those services.
-- New revenue streams by allowing MSPs to absorb new clients faster and
rapidly provide new services to existing customers.
-- Ability to serve multiple customers from a single platform by
providing access control per customer and through unique algorithms that
support parallelization.
-- Web-based access and email alerts to key stakeholders at their client
organizations, providing tailored visibility on-demand.
"AlgoSec's SaaS offering was built specifically with our needs in mind.
AlgoSec Firewall Analyzer provides us with the cost-effective control and
oversight we need when managing a number of different firewalls, all with
different risk profiles and demands. The AFA also provides our customers
with the same information, at no risk to our MSP practice, which is
critical to us," said Joakim von Brandis, manager for Network Security
Services, Mnemonic Norway.
AFA is available in multiple form factors either as software, VMware or as
an appliance, depending on the specific needs of individual enterprise
networks. It is offered in a variety of delivery methods depending on the
requirement of individual enterprise networks including directly to the
end-user, via consultants and auditors and is increasingly being adopted by
MSPs provisioning it as a SaaS.
About AlgoSec
AlgoSec is the leading provider of Firewall Operations and Security Risk
Management solutions. AlgoSec's® exclusive technology is optimized for
enterprises, MSPs, auditors and consultants to quantifiably increase their
operational effectiveness. More than 300 leading organizations have
selected AlgoSec's products -- AlgoSec Firewall Analyzer and FireFlow™
-- to intelligently automate what were traditionally manual, time- and
labor-intensive tasks surrounding firewall, router and VPN management.
This translates to significant cost savings and greater output for
organizations without increasing headcount. AlgoSec also allows IT
organizations to get more from their current infrastructures by extending
the lifespan of existing security devices.
Contact Information: Media Contact:
Matt Otepka
206-855-7826