Lumifi To Acquire MDR Cybersecurity Firms To Accelerate Growth By CIOTechOutlook Team

Lumifi To Acquire MDR Cybersecurity Firms To Accelerate Growth

CIOTechOutlook Team | Wednesday, 25 October 2023, 03:38 IST

Lumifi, a pioneer in the cybersecurity market, is starting on a strategic growth plan that will target cybersecurity organizations. This strategic direction is founded on Lumifi's recent $14 million acquisition of Castra, which strengthens the SOC Visibility Triad, a concept first introduced in a Gartner research report titled "Apply Network-Centric Approaches for Threat Detection and Response"1. We think Lumifi has faithfully pursued this course for the past 15 years.

By integrating top-tier cybersecurity analysts with cutting-edge systems, Lumifi steadfastly maintains its gold standard in safeguarding its esteemed clientele. This development comes in the wake of Lumifi's $30 million acquisition of Datashield from ADT in April 2022. The company is now primed to secure 2-4 more acquisitions within the next 6 to 18 months, bolstering its position in the cybersecurity landscape, as per business wire.

According to Gartner®, “The renewed focus on the human element continues to grow among this year’s top cybersecurity trends,” says Gartner Senior Director Analyst Richard Addiscott. “Security and risk management leaders must rethink their balance of investments across technology, structural, and human-centric elements as they design and implement their cybersecurity programs.” 2

Every day comes new risks and problems, which are exacerbated by artificial intelligence (AI). Because cybercriminals have gotten more skilled, extensive identification and mitigation of security risks is required. Lumifi's cybersecurity method combines system, network, and device monitoring with human knowledge. A team of cybersecurity analysts and former military and DoD professionals stationed in the United States monitors the company's advanced security architecture 24 hours a day, seven days a week.