The analyst firm Frost & Sullivan awarded Trustwave the dual honors of being named 2023 Company of the Year for Managed and Professional Security in the Americas, Excellence in Best Practices, and as the Leading Innovator in the 2023 Frost Radar™: Americas Managed & Professional Security Services Market. Trustwave was also recently named a Top 5 Innovator in the Global MDR Radar Report.
“Trustwave is honored to be twice recognized by Frost & Sullivan for our managed and professional services,” said Trustwave CEO Eric Harmon. “We are proud that Trustwave’s efforts to continually innovate and provide excellent security solutions to our clients have been recognized at the highest level in our industry. We believe Frost & Sullivan’s research serves as a testament to our ability to deliver managed security services that combine best-in-class technologies and global threat visibility with highly specialized expertise.”
For Company of the Year and as Lead Innovator, the analyst firm cited Trustwave as an outstanding company in a growing market, singling out its ability to consistently develop growth strategies based on a visionary understanding of the future and effectively address new challenges and opportunities and this impact on clients. These efforts help Trustwave stand out among the growing number of MSSPs. In addition, Frost & Sullivan called out Trustwave’s broad product portfolio, sales strategy, and supporting efforts that include its elite SpiderLabs team and tools like Security Colony.
“Frost & Sullivan reserves this recognition for companies at the forefront of innovation and growth in their respective industries. These companies consolidate their leadership positions by innovating and creating new products, solutions, and services that meet ever-evolving customer needs,” said Darrell Huntsman, CEO, Frost & Sullivan. “By strategically broadening their product portfolios, leading companies advance the overall market. Driving innovation and growth is a difficult task made even harder by the strategic imperatives forcing change today, such as disruptive technologies, value chain compression, industry convergence, and new business models. In this context, Trustwave’s recognition signifies an even greater accomplishment.”
The Trustwave Difference - Company of the Year
Among Trustwave’s most notable features, Frost & Sullivan highlighted Security Colony, which the company provides with its MSS offerings, calling the service revolutionary for providing a veritable fountain of knowledge; years of security consulting data, reports, and insights developed by Trustwave during real customer engagements.
Additionally, Frost & Sullivan singled out the elite Trustwave SpiderLabs team, its Managed Security Service, and its Fusion Platform as differentiators that helped earn Trustwave Company of the Year honors.
“Trustwave is undoubtedly a managed and professional security services leader. With over 27 years of experience in cybersecurity, the company has built a broad-reaching portfolio of security solutions and services that can compete toe-to-toe with specialized pure-play vendors,” Frost & Sullivan wrote. “As Trustwave continues to develop value-enhancing tools such as Security Colony and to integrate its offering through the Fusion Platform, it will find further success even in the most competitive of environments.”
Frost & Sullivan highlighted the Trustwave SpiderLabs team for its work integrating Trustwave’s wide range of solutions with a client’s security team, conducting more than 2,500 penetration tests each year, forensic investigations, data breach assessments, and consulting services. In addition, SpiderLabs features world-class threat intelligence researchers who unearth threat actor activity and capabilities from Trustwave’s customer base and other sources, which is then used to create new solutions and protect its clients.
Frost & Sullivan noted that Trustwave’s MSS is designed to be flexible enough to deliver successful outcomes to both mid-market organizations and large enterprises. Businesses on both ends of the security maturity spectrum can take advantage of the different aspects of Trustwave’s portfolio.
Trustwave’s MDR and Co-Managed Security Operations Center (SOC) solutions also garnered high praise, with the analyst firm noting the services allow clients to extract further value from their SIEM by including end-to-end, consulting-based deployment to understand customer needs and use cases and optimize the service to increase cyber resilience.
The analyst firm gave Trustwave’s Fusion Platform credit as another critical tool in the company portfolio. It noted that Fusion, a cloud-native security operations platform, augments Trustwave’s offering by allowing centralized control, monitoring, and management of the security resources in hybrid cloud and multi-cloud environments.
The Trustwave Difference – Innovation Leader
Trustwave’s broad portfolio of security solutions, tools, and programs that helped Trustwave be named Company of the Year for Managed and Professional Security in the Americas, Excellence in Best Practices, made the case for Trustwave being Frost & Sullivan’s Innovation Leader in the Americas in the Managed and Professional Security market.
The analyst firm cited Trustwave’s portfolio of world-class MDR service, co-managed SOC, managed SIEM, and threat hunting as part of its MSS offering, along with consulting solutions such as Penetration Testing, Cyber Advisory, and Incident Response. The portfolio is integrated through the Trustwave Fusion Platform, augmenting detection and response capabilities of the entire Trustwave stack.
Again, Frost & Sullivan praised Security Colony as a standout offering and SpiderLabs was lauded as giving Trustwave an edge in an increasingly competitive marketplace.
Frost & Sullivan noted that Trustwave has undergone a renaissance on the business side and is currently enjoying its most profitable period since Singtel acquired it.
This healthy bottom line is due to Trustwave’s strategy of selling directly to enterprises and large businesses while supporting extensive channel partnerships targeting the mid-market.
In addition, Trustwave’s security services and solutions are designed to help businesses on their digital transformation journeys, solidly supporting the company’s strategy, Frost & Sullivan said.