Cloud24x7, a cyber security services start-up has announced that it has roped in former Cyberoam North American channel & enterprise business VP Jacob Thankachen to head the organization’s expansion in the Americas region. A seasoned channel veteran with a strong sales background, Thankachen brings deep expertise in streamlining sales operations, developing new business and recruiting strategic channel partners.
Commenting on his appointment,“Traditional preventative systems like next generation firewalls, anti-virus and intrusion prevention systems are ineffective against today’s advanced attacks. They are easily bypassed and provide no visibility of suspicious activity. There are a number of security point products to choose from which include breach detection, intrusion detection, and Security Information and Event Management (SIEM). Deploying & managing these resources in-house is both expensive & complex.”
Security is one of the fastest growing IT services segment in the industry world-wide. With the rise of trends like cloud, BYOD, internet of things, mobile applications and more - IT security is one of the hottest topics in discussion and big concern area for most businesses. According to a recent report by Markets & Markets, the Americas managed security services market is estimated to grow from USD 17.79 Billion in 2015 to USD 35.53 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 14.8% from 2015 to 2020.
“Cloud24x7 serves as a strategic security security vendor to IT solutions providers, MSPs & MSSPs. For those IT solution providers who don’t sell security today, Cloud24x7 will help open doors to the managed security business through our white-label security operations centre-as-a-service (SOC) platform. For MSPs & MSSPs, we offer alternative routes to enhance margin and reduce capital expenditure. We have invested in a state-of-the-art SOC & SIEM platform for threat intelligence, breach detection & proactive monitoring. Our channel partners can sell security without having to absorb high cap-ex and subsequent impact on margin. We are committed to being 100% channel.” said Jacob.
As Vice President, Strategic Sales, Americas, Thankachen will have responsibility for driving sales and expanding channels to accelerate Cloud24x7 regional growth, capitalizing on the fast-growing IT security services segment.