ESPOO, FINLAND – 20th June, 2022 – Ignition Technology, the specialist distribution division of Exclusive Networks that focuses on disruptive and fast-growth SaaS based cybersecurity vendors, today announced a partnership with Abnormal Security, the leading AI-based cloud-native email security platform.
The partnership sees Ignition Technology become Abnormal’s first distributor across EMEA, with an initial focus on the UK&I, Nordics and Benelux. The announcement comes in the wake of Abnormal’s recent Series C funding of $210 million at a $4 billion valuation, reflecting strong investor sentiment and market demand for its AI-powered email security platform.
Business email compromise (BEC) continues to be the primary threat vector for cybercriminals, with organisational losses amounting to nearly $2.4 billion in 2021 alone, according to figures published by the FBI in its most recent Internet Crime Report. This has been fueled by the move to remote and hybrid working, where distributed enterprise workforces can no longer rely on manual processes or traditional email security solutions for adequate protection. The fact that these costly threats are reaching inboxes represents a significant and growing opportunity for channel partners to address within their enterprise customer base.
“Cybersecurity teams are rethinking how to solve this escalating challenge and are looking for a more modern approach to their evolving email security needs,” explained Mikko Vaajamo, Managing Director, Northern Europe at Ignition Technology. “With Abnormal’s behavioural-based and AI-powered platform, channel partners now have the ideal solution to address this growing market opportunity. We are delighted to partner with Abnormal to help accelerate and scale their channel business across Northern Europe and we look forward to a mutually beneficial relationship.”
Abnormal protects more than 5% of the Fortune 1000 and numerous notable companies including Xerox, Hitachi Vantara, Urban Outfitters, Groupon, Royal Caribbean International and Auto Club Group-AAA. The company has a 4.9 rating out of 5 for Gartner® Peer Insights™, with a 100% recommendation from participating companies.
“We have completely changed how security leaders protect users and their mailboxes, ensuring that organisations are protected from business email compromise, supply chain fraud, ransomware, spam and graymail, account takeovers, and more,” stated Chris Martin, European Sales Director, Abnormal Security. “The modern enterprise workforce requires greater email security than ever before, and Ignition Technology is the ideal partner in helping us protect the Northern European market. Its laser focus on disruptive, SaaS-based cybersecurity and its proven track record in helping innovative vendors penetrate and scale European markets is unparalleled and we look forward to a successful partnership.”
About Ignition Technology
Ignition Technology, an Exclusive Networks company, is a security distributor for the SaaS world. We believe in the power of the channel to enable and secure business transformation. We enable our partners to architect solutions that better protect their customers and help them navigate the future of cybersecurity through our people, our knowledge and our solutions and services.
By discovering innovative, emerging cybersecurity solutions, we help them de-risk their business, create value and maintain relevance with their customers whilst delivering peace of mind. For more information visit www.ignition-technology.eu.
About Abnormal Security
Abnormal Security provides a leading cloud-native email security platform that leverages AI-based behavioral data science to stop socially-engineered and never-seen-before email attacks that evade traditional secure email gateways (SEGs). Abnormal delivers a fundamentally different approach that precisely detects and protects against the widest range of attacks including business email compromise, phishing, malware, ransomware, social engineering, spam and graymail, supply chain compromise, and internal account compromise. The Abnormal platform delivers inbound email security, internal and external account takeover protection, and full SOC automation. Abnormal’s API-based approach enables customers to get started in minutes and can augment a SEG or be used standalone to enhance native cloud email security protection with Microsoft 365 and Google Workspace. Abnormal Security is based in San Francisco, CA. More information is available at abnormalsecurity.com.
Exclusive Networks PR contact:
Mark Waite, Cohesive
+44 (0)7774 265444