Worldwide Vendor Assessment cites the company’s impressive multi-use case approach and positive customer feedback
CAMBRIDGE, Mass., Dec. 06, 2022 (GLOBE NEWSWIRE) — Devo Technology, the cloud-native logging and security analytics company, today announced that it has been recognized as a Major Player in the IDC MarketScape: Worldwide SIEM 2022 Vendor Assessment (IDC #US49029922, November 2022). This notable designation marks Devo’s first year of inclusion in the highly respected and competitive vendor assessment.
Devo’s position as a Major Player reflects the company’s rapid disruption of the legacy SIEM market, bringing a highly scalable, fast and high-performing solution to the modern security operations center (SOC). The IDC MarketScape report specifically cites that “Devo offers 400 days of hot data storage as part of the platform, more than many other vendors” and lauded the company for being a cloud-native SaaS offering, which frees customers from needing to manage their own infrastructure.
According to the IDC FutureScape: Worldwide Future of Trust 2023 Predictions report (IDC #US49755022, November 2022), “By 2026, 30% of large enterprise organizations will migrate to autonomous security operations centers accessed by distributed teams for faster remediation, incident management, and response.”
“Devo’s position in the 2022 IDC MarketScape for SIEM report helps to validate the path we’ve set forward toward the autonomous SOC,” said Gunter Ollmann, Chief Technology Officer at Devo. “As the needs of SOC teams grow and they are tasked with managing increasing amounts of data and tools, augmenting those analysts with automation, machine learning, and cognitive AI technologies becomes paramount and Devo is at the forefront of driving that vision forward.”
The autonomous SOC builds on top of the AI embedded in today’s security stack to unlock analyst productivity by requiring fewer manual burdensome steps and providing a path forward for SOC leaders to leverage even more powerful AI and ML-based automation to combat threats. It will help teams perform fast, effective detection and incident response to resolve threats across any infrastructure. Devo has already started to deliver on the autonomous SOC through multiple milestone achievements this year, most notably the launch of Devo’s threat research team, SciSec, and the acquisitions of autonomous threat hunting solution, Kognos, and SOAR innovator, LogicHub.
Organizations adopting Devo’s technology immediately benefit from a solution that leverages AI to enable insight and action that empowers security teams to achieve fast-time-to-value via:
- Ubiquitous ingestion, breakneck speed, and powerful analytics
- Autonomous investigations and threat hunting
- Security orchestration, automation, and response
- Community-based security content
- Easy-to-access security expertise
To read the 2022 IDC MarketScape report, click here.
Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Massachusetts, with operations in North America, Europe and Asia Pacific, Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo. Learn more at www.devo.com.
About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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