Ayehu Featured in Mergermarket

Ayehu is pleased to announce the company’s recently featured interview in Mergermarket, the leading provider of forward-looking M&A intelligence and data to M&A professionals and corporates around the world.

In anticipation of the company’s plans to close a Series B round of fundraising over the coming few months, Ayehu’s CEO and founder Gabby Nizri sat down with Mergermarket’s Chris Metinko to discuss the details.

The ultimate goal is to raise enough capital to facilitate entry into the cloud as well as extend the company’s machine learning capabilities. In order to achieve these goals, the new round must raise between $10 million and $15 million.

This latest move comes as part of the company’s ongoing shift from general IT process automation to a more targeted focus on the sector of automated cybersecurity incident response. This shift has resulted in revenue growth of 250% in 2016 alone and the company has officially reached the point of breakeven cash flow. Today Ayehu serves over 150 enterprise-level customers and growing.

In order to fulfill this round of funding, which could close as early as March, a new lead investor will likely be needed. A strategic partnership in either the managed service provider or security realm may also be a possibility. The company has been receiving inbound inquiries on this even before deciding to officially seek this latest round.

In terms of competition, Nizri pointed out in his interview that there are several different angles to consider. From the general IT automation perspective, the company competes with such well-known brands as ServiceNow, Hewlett-Packard and BMC Software. From the cybersecurity angle, the main players include IBM, FireEye, Phantom and Hexadite. Additionally, there are the competitors who also feature embedded tools, such as Microsoft, VMware and CA Technologies.

According to the Mergermarket interview, Nizri mentioned the fact that the company will also continue to keep its options open for a potential exit down the road. To date, Ayehu has raised approximately $6 million in funding.

Live Webinar: Automating IT Processes in a Code-Filled World: Why Scripting is Not Real Automation

Live WebinarToday’s IT operations professionals are facing an uphill battle with a seemingly never-ending barrage of alerts, requests, tickets, and incidents.

To address this shoulder-crushing workload, these individuals and teams must decide whether to build their own scripts or invest in IT automation software. It may seem like an easy fix to write up a few lines of code to automate a manual process and voila! It’s done.

In reality, it’s not that simple. In fact, if you’re still relying on manual scripting, you and your team are wasting precious time and resources.

 

On Tuesday, March 14, 2017. 12:00 p.m. EDT / 9:00 a.m. PDT, the Ayehu team will be presenting a free live webinar that will delve into the ins and outs of why scripting is not the same as real automation.

In this live, expert presentation, you’ll learn:

  • How scripting differs from automation
  • How to break down key challenges that scripting introduces into the IT environment
  • Explore 3 crucial and often overlooked technical considerations

We’ll also be presenting a live demonstration of how to translate a script into an automated workflow.

Are you an IT professional who is tired of wasting time on manual scripting? Would you like to see firsthand how true automation can revolutionize the way you do your job (and make your life exponentially easier)? If so, you do NOT want to miss this live online presentation.

But hurry…. attendance is limited and we fully expect that this highly-anticipated webinar will fill up quickly.

Register today to reserve your spot!

New Cybersecurity Regulation Takes Effect this Month

New Cybersecurity Regulation Takes Effect this MonthThe state of NY has officially instituted a new cybersecurity regulation that officially takes effect as of today, March 1st, 2017. This somewhat controversial new regulation imposes more detailed rules on those in the banking and insurance industries with the goal of protecting consumers and institutions alike against cyber-attacks.

This is the first regulation of its kind to be adopted by a US state, though trends certainly indicate that others will likely follow suit due to continued frustration and concern with data breaches. Among other things, the law mandates that financial and insurance institutions must officially employ a CISO, implement multifactor authentication policies and that all cybersecurity incidents must be reported within 72 hours.

“New York is the financial capital of the world, and it is critical that we do everything in our power to protect consumers and our financial system from the ever increasing threat of cyberattacks.” ~ New York Governor Andrew M. Cuomo

In reality, many of the requirements in the NY regulation have already been implemented by larger financial institutions. For instance, the law requires that organizations:

  • Develop comprehensive cybersecurity programs which include written policies that address such important factors as
    • Access controls
    • Asset inventory
    • Data governance
    • Business continuity
  • Perform periodic risk assessments and yearly penetration tests
  • Use encryption must for all data – both in transit and at rest
  • Establish a written incident response plan

Additionally, the regulation states that CISOs must send annual reports to the board of directors. These things are already common practice for many institutions, so there won’t be much change for them.

“It’s one of the most comprehensive cybersecurity regulations in the financial sector.” ~ Luke Dembosky, former cybercrime prosecutor with the US Justice Department.

All organizations in the state of NY are required to submit a statement to the Superintendent of Financial Services by the 15th of February every year certifying compliance. Although the new regulation technically takes effect on March 1, all institutions affected by the policy have an additional 180 days to comply. Some built-in grace periods within the regulation provide up to two years to come into compliance with certain provisions. Additionally, smaller institutions may apply for exemptions.

Some of the details of this new regulation may be challenging to implement, particularly for smaller organizations with limited resources. Utilizing automated cybersecurity incident response may be the key to getting and staying compliant.

Three Key Takeaways from the 2017 RSA Conference

RSA Conference 2017Last week marked the ever-expanding annual RSA Conference in San Francisco. Over 40,000 cybersecurity professionals came together to share stories and learn about the latest technology to stop hackers and cyber-criminals from getting their hands on an organizations’ crown jewels. From deception solutions to cloud security, the 2017 conference lived up to the hype. We even introduced our next generation automation and orchestration platform, with machine learning intelligence.

Here are three key takeaways from the 2017 RSA Conference.

Takeaway 1: The cybersecurity skills shortage struggle is real…

You’ve all heard the news of the impending cybersecurity skills shortage to the tune of 1.8 million open positions by 2022 and you may have thought it was just sensationalizing or an exaggeration, but you’d be wrong. Time and again we spoke with security professionals at our booth about how they don’t have the resources to be truly effective. A couple people mentioned the volume of incidents in their SOC are increasing as was their concern about not wanting to be the next headline-making organization because they missed an indication of breach or malware taking hold.

Many of the attendees we talked with who stopped by our booth wanted to learn about security automation and orchestration as a practical alternative to the cybersecurity skills shortage. Given the advancements in machine learning technology and growing acceptance of human-augmented decision support (or a human in the loop), cybersecurity incident response automation is emerging as a viable option for SOC teams at both enterprises and MSSPs.

Takeaway 2: An extensible cybersecurity platform is a must-have…

One of the most interesting themes from attendees we talked with was about needing an extensible platform. Gone are the days of a security product simply having the capability to work with other security tools and systems. Now, security professionals – from the top down to the end-users – need a platform that is fully integrated with the multiple, disparate tools leveraged to defend their organization against attacks from malware, ransomware, antivirus, malicious outsiders/insiders, endpoint protection, and the list goes on.

Attendees simply expected any platform on the market today to be integration ready out-of-the-box. Further, with the proliferation of cloud applications and organizations building in-house applications, the platform’s APIs should enable custom extensibility.

Takeaway 3: Semi-automated workflows are in high demand…

The concept of automated incident response is not new in the cybersecurity space. When the first generation security automation tools made it to market 20+ years ago, the maturity level of the technology was at a minimum. Horror stories abound of the inability of the then “state-of-the-art” technology to effectively decipher between legitimate alerts and false positives. Instead, every alert was deemed a real threat. The added inability to selectively shutdown infrastructure components involved in an incident only exacerbated the situation, dooming early hopes that security automation was viable. As you can imagine, or maybe even experienced first-hand, chaos ensued and the technology was abandoned.

Fast-forward to the 2017 RSA Conference and, having learned from past mistakes, a new chapter on security automation has begun. The automated cybersecurity incident response conversations at our booth focused on semi-automated workflow capabilities, where a human is in the loop (read: in control) at all times making decisions. Given the aforementioned cybersecurity skills shortage, semi-automation frees up significant time from dealing with increasing volumes of manual, error-prone tasks and helps to greatly reduce (and even possibly eliminate) false positives, allowing the operations team to focus on true security threats.

All in all, the 2017 RSA Conference lived up to the hype as the most talked about and most attended security conference of the year. We’re already making plans for the 2018 conference and can’t wait to talk cybersecurity incident response automation and orchestration throughout the coming year.

Follow us on Twitter and LinkedIn for the latest news and updates on other events we will be attending and/or presenting at. And, to learn more about the benefits of automating cybersecurity incident response, check out our free eBook below.



eBook: 5 Reasons You Should Automate Cyber Security Incident Response




Ayehu Introduces Next Generation IT Automation and Orchestration Platform Integrated with Machine Learning Intelligence

Ayehu’s next generation platform, driven by machine learning intelligence, is a force multiplier for overwhelmed and understaffed IT and security operations teams.

Ayehu today introduced its next generation IT automation and orchestration platform for IT and security operations. With intelligent machine learning driven decision support, the platform dynamically creates rule-based recommendations, insights and correlations that provide the operator/analyst with suggestions for how to optimize fully- or semi-automated workflows.

Today’s IT and security operations teams are plagued by a seemingly continuous flood of alerts, incidents and requests. This is compounded by the fact that as businesses scale their systems complexity grows, placing an increased workload on an already inundated workforce. This trend combined with a highly-publicized shortage of skilled, talented workers across both IT and security, has driven the need for intelligence-backed, automated solutions.

“Our next generation platform is the evolution of our successful IT automation solution, designed around our customers’ direct feedback regarding their additional, specific needs,” said Gabby Nizri, CEO of Ayehu. “We believe automation should be simple to implement, manage and maintain, from one, unified platform. Now a SaaS ready platform, Ayehu allows customers and partners to gain efficiencies across their hybrid environments and provide their overworked operators and analysts with intelligent machine learning driven decision support, further increasing productivity. This is a game changer, and we can’t wait for our customers to experience the next generation of IT automation.”

The platform includes significant enhancements, including an architecture redesign to support hybrid deployments across on-premise, private and public cloud environments. It also enriches product security in areas such as message encryption across internal and external networks, and presents a refreshed user interface.

The next generation Ayehu IT automation and orchestration platform features:

  • SaaS Ready – Ideal for hybrid deployments, Ayehu supports multi-tenant, network encryption, OAuth2 authentication, and internal security improvementsHigh Availability and Scalability – Ayehu easily scales to support organizations with a high volume of incidents, and safe guards against a single-point-of-failure
  • Machine Learning Driven Support Decisions — Ayehu provides decision support via prompts to optimize workflows and dynamically creates rule-based recommendations, insights and correlations
  • Workflow Version Control – Ayehu is the first IT automation and orchestration platform to provide version control on workflows, allowing users to rollback changes and review, compare or revert workflows
  • Tagging and Labeling – Ayehu users can associate workflows with keywords through tags to quickly search and return commonly used workflows

Ayehu acts as a force multiplier, driving efficiency through a simple and powerful IT automation and orchestration platform. Ayehu helps enterprises save time on manual and repetitive tasks, accelerate mean time to resolution (MTTR), and maintain greater control over IT infrastructure. With Ayehu, IT and security operations teams can fully- or semi-automate the manual response of an experienced IT or security operator/analyst, including complex tasks across multiple, disparate systems. Ayehu’s response time is instant and automatic, executing pre-configured instructions without any programming required, helping to resolve virtually any alert, incident or crisis.

Ayehu will provide live demonstrations of its next generation platform at RSA Conference 2017 (San Francisco, Moscone Center, February 13 -17) in its booth # 4914 (North Expo Hall). The platform is currently in beta and will be generally available later this year.

For more information and to request a live, personalized demonstration of the next generation platform, visit http://ayehu.com/ayehu-it-automation-orchestration-platform-preview/ 

About Ayehu

Named by Gartner as a Cool Vendor, Ayehu’s IT automation and orchestration platform is a force multiplier for IT and security operations, helping enterprises save time on manual and repetitive tasks, accelerate mean time to resolution, and maintain greater control over IT infrastructure. Trusted by major enterprises and leading technology solution and service partners, Ayehu supports thousands of automated processes across the globe. For more information, please visit www.ayehu.com and the company blog. Follow Ayehu on Twitter and LinkedIn.

PR Contact
Christy Kemp
Dahlia Public Relations
303-898-3390
ckemp@dahliapr.com

Ayehu Welcomes Dave Robbins as Member of Advisory Board

Dave RobbinsAyehu is excited to announce the recent addition of Dave Robbins to the company’s Advisory Board. Mr. Robbins brings over 30 years of management and directorship experience, including the executive leadership roles of CTO of NetApp and CIO/Sr. VP of Ellie Mae, respectively.

During his four years with leading mortgage industry technology provider Ellie Mae, Mr. Robbins played a direct role in helping the company transition from 70% self-hosted business model to more than 80% SaaS or Hosted Services. This shift exerted enormous pressure and required significant change to existing systems and processes. A few of the noteworthy achievements Mr. Robbins helped facilitate included:

 

  • Re-architecture, deployment and migration of all Internal and client facing SaaS systems
  • Complete refresh of existing data centers, additional services on demand and net-new facilities
  • Implementation of 24-7 NOC with off shore partners
  • Process, automation and systems deployment that enabled 4 successful SOX and SOC 2 audits

As CTO of IT at NetApp, Mr. Robbins spearheaded the development, implementation and enforcement of a three year technology roadmap and adoption strategy for IT systems, networks and storage. Prior to this role, Mr. Robbins served as the company’s Global Infrastructure VP, during which time he was responsible for leading a global team of more than 170 professionals, managing annual OpEx spend of more than $80M and a capital spend of $20-40M. He is highly respected in the industry and has published several articles in both national and global publications, including CIO Magazine and Network Solutions.

Mr. Robbins background and tremendous success in the various roles he has fulfilled makes him highly qualified to serve on Ayehu’s esteemed Advisory Board. His addition to the board will contribute to and support Ayehu’s ongoing commitment to remaining at the forefront of technology and better serve the IT automation and cybersecurity needs of organizations across the globe.

We are pleased to welcome Mr. Robbins and look forward to the valuable insight we are certain he will bring to the table.

Live Webinar: How to Detect and Resolve Today’s High-Profile Threats

Tuesday, January 31, 12:00pm EST / 9:00am PST

One only needs to read the daily news headlines to recognize how big of a threat cyber-crime has become. These days, businesses of every size and industry and from all over the globe are vulnerable to ransomware and other malicious cyber-attacks, placing them at risk of both financial as well as reputational damage. And with an ever-increasing volume of complex cybersecurity incidents and dwindling resources, SOC teams are more overwhelmed than ever before.

What’s the solution?

In order to adequately defend against the onslaught of attacks and handle incidents in real time, IT must strike an ideal balance between detection and remediation of both known and unknown threats.

A great example of this type of power-packed combination is the integration of OPSWAT threat detection and Ayehu automated incident response and remediation platform. And now, you can see this dynamic duo in action by attending this live webinar.

On Tuesday, January 31, 12:00pm EST / 9:00am PST, join security experts from OPSWAT and Ayehu as we discuss how to detect and resolve today’s high-profile threats.

In this live online presentation, you’ll learn:

  • Why and how today’s high-profile threats have evolved and expanded
  • Key methods to identify and verify attacks in your environment and across disparate systems, including scanning anti-malware engines, automating routine tasks, and rapidly containing, remediating, and recovering from attacks
  • How combining technology from OPSWAT and Ayehu can bridge the gap between detecting and resolving threats

Does the topic of cybersecurity keep you up at night? Are you and your team tired of fighting an uphill battle to keep networks, applications and sensitive data secure and safely out of the hands of malicious hackers? If so, then this webinar is a MUST-attend!

But hurry….seats are limited and we fully expect that this highly-anticipated webinar will fill up quickly.

Register today to reserve your spot before it’s too late.

 

Presenters:

Guy Nadivi

Guy Nadivi, Sr. Director of Business Development, Ayehu

Sharon Cohen, IT & Security Professional Services Manager, Ayehu

George Prichici, Product Manager, OPSWAT

Taeil Goh, CTO, OPSWAT

Ayehu to Unveil Virtual SOC Operator at RSA

RSA Conference 2017Ayehu is excited to announce its participation in the 2017 RSA Conference. RSA Conference 2017 will be held from February 13th – 16th in San Francisco, CA at the Moscone Center and Marriott Marquis. Attendees will learn about new approaches to information security, discover the latest in cybersecurity technologies and interact with top security leaders and pioneers.

The Ayehu team will be presenting live demonstrations of its new Virtual SOC Operator in booth #4914 (North Expo). Conference attendees are invited to  stop by the Ayehu booth and enjoying an ad hoc presentation or schedule a demo in advance by completing this form. As an added bonus, we are offering those interested in attending our presentations the opportunity to get a free expo pass. Simply enter the code XE7AYEHU when registering.

RSA Conference conducts information security events around the globe that connect IT professionals to industry leaders and highly relevant information. They also provide valuable insights via blogs, webcasts, newsletters and more to help individuals and businesses alike stay ahead of cyber threats. Collectively, their conferences draw over 45,000 attendees per year, making RSA the world’s largest provider of security events. The multi-day event schedule is made up of seminars, keynotes, interactive learning experiences and much more. (See the full agenda here.)

The topic of cybersecurity has never been more critical than it is today. If you are interested in learning more about how you can protect yourself and your organization against the constantly growing threat of security incidents, this event is a must-attend! Click here to learn more about Ayehu’s participation and to schedule your free demo.

We look forward to seeing you!

Ayehu to Present at CyberTech 2017 TLV

Ayehu is pleased to announce its participation in the CyberTech 2017 event, scheduled to be held from 31 January to 1 February at the Israel Trade Fairs & Convention Center, in the new pavilion of the Tel Aviv Exhibition Center – Pavilion 2 (the largest in the Middle East). This will be the third year that Ayehu will be participating.

Cybertech provides attendees with a unique opportunity to get acquainted with the latest innovations and solutions featured by the international cyber community. The conference’s main focuses are on networking, strengthening alliances and forming new connections.

This year’s Cybertech Conference & Exhibition will present commercial problem solving strategies and solutions for the global cyber threat that meet the diverse challenges for a wide range of sectors, including but not limited to: finance transportation, utilities, defense, R&D, manufacturing, telecommunication, health and government. The conference will also provide the exhibition of different innovative technologies, which are key to fighting these threats.

This year, as in years past, Ayehu’s Israeli team will be onsite, presenting eyeShare automation and orchestration platform and offering live demonstrations of how it can be leveraged as a force multiplier for IT and security operations driving efficiency through a simple and powerful IT automation platform.

Ayehu helps organizations save time on manual and repetitive tasks, increase speed of response to identify and resolve critical incidents, maximize scarce resources, and maintain greater control over IT infrastructure. With a flexible deployment model from on-premises to virtual or physical machines as well as cloud environments, Ayehu scales across very large enterprises and supports thousands of end users.

The Ayehu booth number will be available at the Startup Pavilion. We would like to invite any and all attendees to stop by, meet the team and enjoy a live product demo. To schedule individual meetings and private demos, please contact Ron Lozinsky – ron@ayehu.com in advance.

We will also be live tweeting throughout the event using the hashtag: #CyberTechTLV17. Please follow along and interact with us! It’s sure to be an amazing time.

Ayehu Listed as a 2016 Deloitte Technology Fast 50 Company

Ayehu Listed as a 2016 Deloitte Technology Fast 50 CompanyAyehu, a leading provider of enterprise-grade automation and orchestration solutions for IT and Cyber Security Incident Response Automation, today announced that it has been named as one of Israel’s fastest growing companies on the 2016 Deloitte Technology Fast 50 List.

The Deloitte Technology Fast 50 program recognizes the 50 fastest growing technology companies in Israel, known as “start-up nation,” based on percentage of revenue growth over the last four years (2012-2015).  With ongoing momentum in North America, Asia and Europe, Ayehu recorded a growth rate of nearly 200% during the four-year period. As part of its global expansion, the company recently opened a new office in Palo Alto, California, and is looking forward to continued advancements in 2017.

“We are thrilled to be included in this prestigious international ranking as it points to our rapid global growth,” said Gabby Nizri, CEO of Ayehu.  “Automation technology is becoming increasingly essential as it quickly eliminates many specific business pain points and delivers dramatic results in efficiency, service levels and cost reduction. Our platform is helping IT professionals around the globe realize great benefits, and we look forward to an exciting 2017 as we continue to create even more value for our customers through innovation.”

Ayehu’s IT process and cyber security incident response automation solution helps organizations deliver superior performance by automating manual, repetitive tasks and orchestrating workflows between critical IT systems. The automation and orchestration platform is easily deployed, agentless, and comes with seamless integrations to nearly all leading ITSM platforms, network monitoring systems and SIEM tools including Intel-McAfee, Splunk, HP ArcSight, IBM Qradar, ServiceNow, VMware, AWS, JIRA and more. It is available on-premise or as a service through Ayehu’s partners.

“The Deloitte Fast 50 measures sustained revenue growth over four years, being recognized as one of the 50 fastest growing technology companies in Israel is an outstanding achievement,” said Shally Tshuva, Technology, Media & Telecommunications Industry Leader at Deloitte Israel. “Ayehu deserves much respect for its superb growth.”

The list of the Deloitte Israel 2016 Technology Fast 50 can be viewed online at: https://www2.deloitte.com/content/dam/Deloitte/il/Documents/technology-media-telecommunications/fast50/Deloitte_Fast50_2016_Dirog_biz.pdf

About Ayehu

Ayehu helps IT and Security professionals to identify and resolve critical incidents, simplify complex workflows and maintain greater control over IT infrastructure through automation. Ayehu automation and orchestration solutions have been deployed by major enterprises worldwide and currently support thousands of IT processes across the globe. For more information, please visit www.ayehu.com and the company blog.  Follow Ayehu on Twitter and LinkedIn.

PR Contact:

Christy Kemp

Dahlia Public Relations

303-898-3390

ckemp@dahliapr.com





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