Trustwave Believes its Position in the Leaders Quadrant Validates its Wide Global Footprint, Elite Cybersecurity Talent and Strategic Partnerships with Technology Industry Leaders
CHICAGO – May 7, 2019 – Trustwave today announced that Gartner, Inc., a leading information and technology and advisory company, has placed Trustwave in the Leaders quadrant in the 2019 Gartner “Magic Quadrant for Managed Security Services, Worldwide,”1 a report that assessed 14 managed security service providers (MSSPs). Trustwave’s position in the Leaders quadrant has improved on both the completeness of vision and ability to execute axes compared to the previous report.
“We feel our improved placement in the Leaders quadrant compared to the previous report reflects our innovation in threat detection and response capabilities as well as service delivery excellence we have brought to organizations to help combat increasingly advanced cyber threats,” said Arthur Wong, Chief Executive Officer of Trustwave. “From our view, this recognition recognizes how Trustwave strives to be a trusted partner to our clients through leading-edge security services that scale, and unparalleled global threat intelligence.”
Significant Trustwave managed security services milestones in 2018 included:
“I’m proud of our team and the continued push to address complex cybersecurity challenges our clients face. Taking the fight to adversaries head-on has been our aim, and with Gartner’s recognition, we believe we are hitting our objectives,” added Chris Schueler, senior vice president of managed security services at Trustwave.
According to the Gartner report, “The MSS market is mature, with an estimated market size of $10.7 billion in 2018. The market continues to adapt to the challenges facing organizations around: An increasingly complex IT environment that includes SaaS and IaaS, and the expansion into nontraditional IT domains; The growing hostile external landscape; The ongoing issues of a lack of talent and expertise in security; The needs of less mature organizations that are likely to have only ever implemented preventative security controls.”
Trustwave Managed Security Services help businesses proactively address advanced information security threats while alleviating the pressures created by resource constraints, skills shortages, compliance requirements and the rapid adoption of new technologies. The services deliver the security businesses need without requiring them to install and manage technologies themselves, to retain and train staff to run and configure those systems, or to worry about aging levels of protection. By relying on Trustwave as their trusted security partner, businesses can focus more on their priorities and core competencies.
In this report, Gartner evaluated MSSPs on several criteria to assess their completeness of vision and ability to execute. The ability to execute criteria included product or service, overall viability (Business Unit, Financial, Strategy, Organization), sales execution/pricing, market responsiveness/record, marketing execution, customer experience, and operations. The completeness of vision criteria included market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation, and geographic strategy.
For a complimentary copy of the 2019 Gartner Magic Quadrant for Managed Security Services, Worldwide, visit: https://www.trustwave.com/en-us/company/newsroom/news/trustwave-positioned-in-the-leaders-quadrant-of-gartner-magic-quadrant-for-managed-security-services-worldwide/
1 Source: Gartner, “Magic Quadrant for Managed Security Services, Worldwide" by Toby Bussa, Kelly Kavanagh, Sid Deshpande, Pete Shoard, May 2, 2019.
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Trustwave is a leader in managed detection and response (MDR), managed security services (MSS), consulting and professional services, database security, and email security. Our elite Trustwave SpiderLabs team provides award-winning threat research and intelligence, which is infused into Trustwave services and products to fortify cyber resilience in the age of advanced threats.