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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.

Ayehu Announces Release of eyeShare 4.8, Including Integration with McAfee ESM, Amazon Web Services, and JIRA Service Desk

Ayehu logoAyehu Software Technologies Ltd., industry leading developer of lightweight, enterprise-grade IT and security process automation solutions has officially announced the release of the latest version of eyeShare. The company’s flagship automation product is currently being used by major enterprises across the globe, enabling IT departments to maximize efficiency levels and identify and resolve critical incidents up to 90 percent faster.

The release of eyeShare 4.8 includes several new and improved features, including integration with Intel McAfee ESM. Using this integration, McAfee ESM users can automatically review and verify alerts, as well as execute appropriate remediating actions as needed. With this latest version of eyeShare, organizations working with Intel McAfee can respond faster to alerts raised by their SIEM, improve collaboration between departments and ensure that any information related to alerts is documented and available across all systems. In conjunction with this integration, Ayehu is officially certified as a McAfee Compatible solution, and is listed in the Intel SIA Partner Directory.

eyeShare 4.8 also includes integration with Amazon Web Services (AWS), which supports adding out-of-the-box activities when working on AWS instances, images, snapshots, and other resources. A recent survey of AWS users revealed that the biggest challenge with this environment was a lack of automation. With the new eyeShare version, organizations using AWS as their virtualization infrastructure can streamline the time IT spends in the AWS environment, thereby improving efficiency.

The third noteworthy feature of the newest version of eyeShare is the added integration with JIRA Service Desk. JIRA is very popular with IT organizations, particularly in terms of development, testing and managing tickets in the Help Desk area. With this integration, JIRA Service Desk users can now integrate these functions seamlessly with eyeShare, creating a closed-loop process.

“At Ayehu, we are always trying to make the lives of our customers as easy as possible,” comments Ayehu Co-Founder and CEO, Gabby Nizri. “This latest version of eyeShare has been designed to incorporate three of the most popular IT platforms, enhancing and extending their capabilities to make them even more effective. So far, the response has been overwhelmingly positive and we are extremely pleased to announce this latest update.”

The eyeShare 4.8 version is now available for new users and an update is expected to be rolled out to existing customers soon. For more information on the eyeShare product or to download your free 30 day trial and start using it today, please click here.

About Ayehu

Ayehu technology helps IT professionals to identify and resolve critical incidents, simplify complex workflows and maintain greater control over IT infrastructure through automation. Ayehu 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.