Exabeam, the security analytics and automation company, has announced a US$ 200 million Series F growth round, at a valuation of US$ 2.4 billion. The round is led by the Owl Rock division of Blue Owl Capital and supported by existing investors, Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.

Exabeam also welcomes cyber security industry veteran, Michael DeCesare as Chief Executive Officer (CEO) and President. The company’s Co-Founder and first CEO, Nir Polak, will continue on as an active member of the executive team and remain at the company. Additionally, Nir Polak will assume the role of Chairman of the Board.

New executive appointments

Michael DeCesare has more than 25 years of experience in leading high-growth security companies. He was President of McAfee, and most recently, he was CEO and President of ForeScout Technologies, which went public in 2017 under his leadership.

In addition, Exabeam Chief Product Officer, Adam Geller will now lead both the product and engineering organizations, ensuring even tighter integration and alignment, as the company innovates and invests in creating the number one trusted cloud SecOps platform on the market. Geller was previously a Senior Vice President of Cloud Security at Palo Alto Networks, before joining Exabeam in 2020.

UEBA expert

Exabeam defined the user entity and behavior analytics (UEBA) security technology category"

Michael DeCesare said, “Exabeam defined the user entity and behavior analytics (UEBA) security technology category and is a leader in the security information and event management (SIEM) market. Innovation is in our DNA.

He adds, “We are reimagining the threat detection, investigation and response (TDIR) problem with an open extended detection and response (XDR), offering automation and use case-specific content so security analysts can quickly defend against threats, which is a true game changer for security teams.

Series F funding round

Michael DeCesare further stated, “Nir has built an incredibly robust, diverse and inclusive culture at Exabeam, and I am committed to helping it flourish. I’m thrilled to join Nir, Adam and the whole leadership team, to help drive the company through its next phase of growth.

Nir Polak stated, “This funding round gives us the operating capital required to continue executing on our vision to deliver the number one trusted cloud SecOps platform on the market.

Outcome-based security approach

Nir adds, “It gives us the opportunity to triple down on our R&D efforts and continue engineering the most advanced UEBA, XDR and SIEM cloud security products available today. Now with Mike at the helm and Adam’s leadership over product and engineering, we have assembled a seasoned executive team ready to scale and take our business to the next level.

Exabeam’s outcome-based approach to security around external threats, compromised insiders and malicious insiders is perfectly suited to support organizations as they manage exponential amounts of data and return to the post-pandemic workplace in a variety of hybrid scenarios.

Cloud-based analytics and automation

The company recently launched its new Fusion product line with Fusion XDR and Fusion SIEM

The company recently launched its new Fusion product line with Fusion XDR and Fusion SIEM. With 70 percent of new business in 2020 delivered through Exabeam cloud-based analytics and automation, adding XDR puts a new name on what Exabeam already provides to customers.

Over the last 12 months, Exabeam has also made significant investments in the Exabeam Partner Program, which now includes more than 400 resellers, distributor, system integrator, MSSP, MDR and consulting partners globally.

Technology integration with IT and security companies

In addition, driven by its open XDR approach for security teams, the company now has over 500 technology integrations with major IT and security companies, including cloud network, data lake and end-point vendors, such as CrowdStrike, Okta and Snowflake.

Exabeam is poised to be the next-gen leader in the cloud security analytics, XDR and SIEM markets. We led this round of funding to provide the company with the resources necessary to support its sustainable, long-term growth and value creation,” said Pravin Vazirani, Managing Director and Co-Head of Tech Investing, Blue Owl Capital.

Cyber security, a mission-critical function

Pravin Vazirani adds, “In today’s operating environment, cyber security is increasingly recognized as a mission-critical function across industries, and we’re proud to partner with Michael, Nir and the Exabeam team as they seize the opportunity ahead of them, continue to innovate and enable their clients to stay at the forefront in terms of identifying and addressing threats across their technology platforms.

According to Mordor Intelligence, the cloud security software market is valued at US$ 29.5 billion in 2020 and is expected to reach a market value of US$ 37.37 billion by 2026, registering a CAGR of 5.2 percent over the forecast period (2021-2026). Gartner predicts that the SIEM market, worldwide, is poised to grow from US$ 4 billion to US$ 6.3 billion, during the 2020-2024 periods, progressing at a CAGR of 11.86 percent, during the forecast period.

IT and cyber security trends

Exabeam has been able to quickly pivot to digital, remote and hybrid IT work strategies"

Exabeam is in the middle of a large IT and cyber security trend, where organizations must capture more data across a growing distributed IT infrastructure, while ensuring the security and integrity of the platforms upon which their businesses operate,” said Ravi Mhatre, Partner, Lightspeed Venture Partners, and Exabeam Board Member.

Ravi Mhatre adds, “To the credit of its leadership, Exabeam has been able to quickly pivot to digital, remote and hybrid IT work strategies, driving new sales, while making existing customers even more successful. We look forward to the company’s continued growth.

Cloud adoption by large enterprises

Cloud adoption by large enterprises has been pulled forward, and Exabeam is in an elite group of companies that successfully weathered market uncertainties through 2020 as it accelerated its move to a cloud-first company,” said Theresia Gouw, Founding Partner at Acrew Capital and Exabeam Board Member.

Theresia Gouw adds, “Exabeam is a leading security player in a high-demand, high-stakes market where business and IT executives must be able to see all of their data, no matter its location, to make smart security, infrastructure and business decisions. The proven leadership at Exabeam continues to execute exceedingly well, and last year, the company was the fastest private security management company to hit US$ 100 million in ARR.

This funding and valuation marks a new chapter in Exabeam’s journey, as it pushes full speed ahead on breaking out of the security management space and becoming a 100 percent fully ‘for-the-cloud’ SecOps innovator,” said Matthew Howard, General Partner at Norwest Venture Partners, adding “We are confident the company will continue to deliver additional value to security operation centers (SOCs), helping them become even more efficient and effective at protecting their organizations.

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Why Access Control Is Important
Why Access Control Is Important

When we talk about security, people are often quick to jump to conclusions and picture bouncers, heavy steel doors and alarms that go off as soon as a door is opened. Access control is in fact one of the most common and least invasive methods of adding extra security to a home, communal or business premises – controlling who is able to enter a space based on the use of entry codes, key fobs, and/or access cards. Communal flats and office blocks are where access control is often an important factor in keeping the building secure, though private residences also have their own lowkey methods of access control with burglar alarms and personalized codes. With that said, what is it that makes access codes so effective across so many spaces – and why are they so important in today’s society? Benefits of access control Every time you visit an office space, enter a block of flats, or drive into a gated community, you will likely be faced with restricted access and a code pad – plus a button to ring through if you are a visitor. This is a prime example of access control, whereby the owner of the premises has installed a gate or security door which requires a code to enter from the outside. Pressing the request button puts you through to a controller who can then either grant access or deny access. The primary benefit of access control is that it ensures that a space remains secure Some of these code pads have cameras so that the controller can see the visitor – some just have a microphone and speaker. The primary benefit of access control is that it ensures that a space remains secure – only visited by those who are granted access. This restriction helps to keep residents and property safe, not only deterring burglars but ensuring that they are unable to gain entry without permission. Access control panels Some of the examples of access control panels in use include: Private car parks, granting access to employees or residents or paying guests based on the location. Communal buildings and flat entranceways, granting access to residents. These kinds of access control panels will have multiple buttons, one for each flat so that guests can buzz and speak to their contacts. Offices, granting access to employees and their guests. Another key benefit of access control is that entry and exit data can be tracked Another key benefit of access control is that entry and exit data can be tracked, and data can be used for anything from tracking the use of a building, to understanding and logging when individuals have entered and left the premises. For those who have ever watched a Detective drama, you will know how crucial this kind of data can be to determining alibis! Replacing lost keys Inhouse, this can also be useful in identifying who is around when an incident occurs, and in ascertaining how many people are in the premises in the event of a fire or emergency situation. On top of knowing when individuals are accessing certain spaces, access controls can also be used to restrict access to spaces during certain time periods – for example at the end of a shift, or overnight. This is most often found in commercial spaces and car parks, as private residences will grant access at all hours to residents. Access control plays an important role in security and can impact everything from your insurance bills and insurance cover to the amount you spend on replacing lost keys. By keeping certain spaces restricted, only granting access to those who are supposed to be there for work or through their private residence, you are able to keep individuals safe and protect them from the effect of theft. Preventing unlawful access Access control is particularly crucial in tracking the movement of employees should an incident occur In a workspace, access control is particularly crucial in tracking the movement of employees should an incident occur, as well as making the life of your team much easier in allowing them to move between spaces without security personnel and site managers present. It can also reduce the outgoings of a business by reducing the need for security individuals to be hired and paid to remain on site. For a private homeowner or flat owner, access control is what grants you the privacy and security that you deserve in your own space. Whether the control is placed on the outside of a bin store, car parks, communal entrance way or your own personal flat, creating barriers to prevent unlawful access can make a private residence more appealing to tenants or homeowners, and can also provide information and data about who has entered a building and when. Vacant property security The value of access control is that there are a range of solutions according to your budget, your requirements, and the way that you intend to use access control across your site or inside space. For the most part, access control is considered to be a cost effective way of increasing security, cutting back on personnel while ensuring that access is only granted to those who are supposed to be a specific space. The value of access control is that there are a range of solutions according to your budget According to construction site and vacant property security company Sicuro, access control systems with a built in camera are becoming increasingly popular, particularly on the exterior of a building when it comes to granting access to visitors – as those inside can see who is asking to be let in. Managing access control Meanwhile, across inside workspaces and sites, access control managed by pin numbers or fingerprints is often sufficient. Access control is an important part of modern security, ensuring that everywhere from office spaces to private residences are protected from unwanted or unlawful visitors. For the most part, access control is managed automatically, tracking and storing data on who has entered and exited a specific space and at what time – though some examples are tracked and managed manually (for example in a school reception or private residence).

Open Options Paves the Way for New Customers in Access Control
Open Options Paves the Way for New Customers in Access Control

For more than 22 years, Open Options, Addison, Texas, has developed access control solutions that connect to leading security technologies to deliver a full-scale solution based on each customer’s unique needs. In 2018, Open Options was acquired by ACRE, which already owned the Vanderbilt and ComNet brands. To find out the latest, we interviewed Chuck O’Leary, President of Open Options. Q: It has been two and a half years since Open Options was acquired by ACRE. Briefly describe that transition and how the company is stronger today because of it. O’Leary: The ACRE transition really focused on integrating our access control solution, DNA Fusion, with Vanderbilt Industries technologies in order to further our reach in the market and enhance our portfolios. With their support, we have been able to accelerate innovations and expand our global reach. Overall, it has been a great experience to be a part of the ACRE organization, and it has opened the doors to new opportunities for us both here in the states and globally.  Q: What is "Connect Care" and how does it benefit integrators and/or end user customers? O’Leary: For those unfamiliar with the world of access control, it can often be a little overwhelming when first introduced; however, we strive to make our products as easy to use and intuitive as possible, with Connect Care being no different. Connect Care is a system that has been specifically designed to create the most connected experience in the security market Connect Care is a system that has been specifically designed to create the most connected experience in the security market. It serves as a 24/7 bridge from our customers to services like technical support, platform support, professional services, and training. By providing these options for our customers, we can better empower them with the knowledge and expertise of our DNA Fusion access control system and ensure their success with the product.  Q: Who are the new customers entering the market for access control systems in the wake of the pandemic, and how should they be approached/managed differently? O’Leary: Over the last year, there has been a huge demand for access control systems as remote work increased due to COVID-19, and even now, as employees and students are heading back into the offices and schools. Organizations are realizing that having an outdated security system is no longer robust enough for the rapid advancement of technology that we witnessed over the course of the pandemic, and really the past few years. 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Integrators are searching for access control systems that will serve as a proper solution for organizationsThe process of using access control to streamline security infrastructures is not a new concept by any means, but due to the rapid development in technology over the past few years, more integrators are searching for access control systems that will serve as a proper solution for organizations, while still supplying the touchless and remote-based features. Q: What do you see as the future course of the changing technology trends we see in today's market (such as mobile credentials, cloud-based systems, cybersecurity, etc.)? O’Leary: As we continue to tread through the different technological developments in the market today, we are noticing that mobile credentials and biometrics are becoming increasingly popular. As cybersecurity and mobility continue to become more important, we are also seeing the rapid jump to the cloud. By utilizing cloud-based systems, an organization is not hindered by a lack of storage or old software and gains the flexibility to scale their security system as their business grows. Q: How will the access control market look different five years from now versus today? What about 10 years from now? O’Leary: Within the next five years, I suspect that access control will continue to make the move towards cloud-based systems and utilize mobile credentials and biometrics. In 10 years, I think all access control will be open platform and many more organizations will embrace cloud solutions for increased functionality. Also, innovations will continue to be the drivers behind new deployments with some installations being biometrics only and include recognizing fingerprints, retina scans, facial recognition, and voice. Q: What is the biggest challenge currently facing the access control market, and how should manufacturers (including Open Options) be addressing the challenge? 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Automatic Gates – The Latest Development In Access Control
Automatic Gates – The Latest Development In Access Control

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