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Challenging the access market: faster, higher, bolder with PrivX

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Challenging the access market: faster, higher, bolder with PrivX About us Investors Partners Careers Solutions SOLUTIONS Zero Trust Suite Quantum-Safe Cryptography (QSC) SalaX Secure Collaboration Security Risk Assessment, Quantification & Mitigation By Topic Just-in-Time Access Secure vendor access Credentials & Secrets Management Hybrid & multi-cloud access management Interactive tour: Privileged Access in the Cloud M2M connections IT Audits & Compliance Secure file transfer By Industry Managed Service Providers (MSP) Operational Technology (OT) Federal Government Security Products SECURE ACCESS & SECRETS MANAGEMENT SECURE FILE TRANSFER & ENCRYPTION NQX™ quantum-ready encryption Tectia™ SSH Client/Server Tectia™ z/OS SalaX Secure Collaboration Secure Mail 2024 Secure Messaging 2024 SalaX Secure Collaboration Solutions SOLUTIONS PrivX Zero Trust Suite SalaX Secure Collaboration Strong ID-based access with Entra ID & Zero Trust Suite Quantum-Safe Cryptography (QSC) Security Risk Assessment, Quantification & Mitigation Device trust & access and identity verification Identity-based authentication & converged IAM and PAM TOPICS Just-in-Time Access Secure vendor access Credentials & Secrets Management Hybrid & Multi-Cloud Access Management Interactive tour: Privileged Access in the Cloud M2M Connections Management IT Audits & Compliance Secure File Transfer INDUSTRIES Managed Service Providers (MSP) Operational Technology (OT) Federal Government Security Healthcare Data Security OT Security IT/OT convergence of data & systems Zero Trust Access and ZSP Workflow approvals Secure remote access  Secure patch management  OT Compliance Discovery and threat intelligence Phishing-resistant MFA & device trust Products SalaX SECURE COLLABORATION Secure Mail Secure Messaging Secure Sign SalaX Secure Collaboration FQX File Encryptor SECURE ACCESS & SECRETS MANAGEMENT PrivX™ PAM PrivX™ OT Edition PrivX Key Manager SECURE FILE TRANSFER & ENCRYPTION Tectia™ SSH Server Tectia™ SSH Server for IBM z/OS PrivX Desktop NQX™ quantum-safe encryption Services SSH Risk Assessment™ Professional Services Support Contact us Customer cases PrivX Zero Trust PAM Enterprise Key Management UKM Tectia SFTP for servers & mainframes SSH Secure Collaboration Resources SSH Academy Content library Blog References Press releases Downloads Manuals Events & Webinars Media Legal Report a vulnerability Solutions SOLUTIONS PrivX Zero Trust Suite SalaX Secure Collaboration Strong ID-based access with Entra ID & Zero Trust Suite Quantum-Safe Cryptography (QSC) Security Risk Assessment, Quantification & Mitigation Device trust & access and identity verification Identity-based authentication & converged IAM and PAM TOPICS Just-in-Time Access Secure vendor access Credentials & Secrets Management Hybrid & Multi-Cloud Access Management Interactive tour: Privileged Access in the Cloud M2M Connections Management IT Audits & Compliance Secure File Transfer INDUSTRIES Managed Service Providers (MSP) Operational Technology (OT) Federal Government Security Healthcare Data Security OT Security IT/OT convergence of data & systems Zero Trust Access and ZSP Workflow approvals Secure remote access  Secure patch management  OT Compliance Discovery and threat intelligence Phishing-resistant MFA & device trust Products SalaX SECURE COLLABORATION Secure Mail Secure Messaging Secure Sign SalaX Secure Collaboration FQX File Encryptor SECURE ACCESS & SECRETS MANAGEMENT PrivX™ PAM PrivX™ OT Edition PrivX Key Manager SECURE FILE TRANSFER & ENCRYPTION Tectia™ SSH Server Tectia™ SSH Server for IBM z/OS PrivX Desktop NQX™ quantum-safe encryption Services SSH Risk Assessment™ Professional Services Support Contact us Customer cases PrivX Zero Trust PAM Enterprise Key Management UKM Tectia SFTP for servers & mainframes SSH Secure Collaboration Resources SSH Academy Content library Blog References Press releases Downloads Manuals Events & Webinars Media Legal Report a vulnerability About us Investors Partners Careers August 9, 2019 Challenging the access market: faster, higher, bolder with PrivX Written by: Jussi Mononen The speed of go-to-market is one of the key elements in product development. When you have a special product, you want to make it available for the right audience without delays.

At the same time, it's a game of balance: you also need to gather enough market, analyst and customer intelligence to make the product fulfil customer needs you didn't even realize existed. Combine your trust in your product with a validation from the market, and your innovation is ready to shake the world.

This balancing act is what we have been doing with PrivX®.

Learning to throw curveballs

Since we launched PrivX Free some two months ago, we've seen the interest in the product grow rapidly.

This process has helped us see where the market is heading: fast-moving early-adopters, agile teams, and companies that are poised for rapid growth have all seen the value of the short deployment times and high-level of automation PrivX provides. They also know what types of access management and authorization features they need for their on-prem and multi-cloud (AWS, Azure, GoogleCloud, OpenStack) environments, and have therefore responded well to PrivX Free.

Pedal to the metal with our go-to-market

We have some pretty great news about something that makes it possible for us to go faster, higher, and bolder: the EU has awarded SSH.COM a grant of more than €2M from the EU's Horizon 2020 Programme to strengthen and accelerate PrivX product development and market entry. And on top of this funding, we are investing a cool million more in PrivX development.

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 881221.

This funding is, of course, gratifying since it means we convinced an EU-appointed jury of international technology and business experts about the potential and significance of PrivX. (And we just have to brag a little bit: less than five percent of companies that apply for this funding receive it.).

Also, we have a hunch that the committee saw that the product has a huge potential to help companies and organizations of all sizes stay compliant with regulations, such as GDPR. PrivX controls and audits access of privileged identities to sensitive data (such as production servers, critical databases, financial data, payment systems, intellectual property) that resides in critical IT infrastructures. It does this in a systematic and coherent fashion - also when working 3rd parties and consultants. Click here to learn more about why identity governance and administration (IGA) for privileged identities - that are not typically covered by existing Identity and Access Management (IAM) solutions -  is important for your business.

But more importantly, the grant means that we can bring out more new functionality and bring it out faster. Some of the key things we will be working on include:

Cloud (public, private, and hybrid) deployment and containerization of PrivX Support for access management for container and serverless computing Automated access management for machine-to-machine (M2M) connections and robotic process automation (RPA) Integrations with SIEM, SOAR, UEBA, and various other supporting systems These and other exciting new features we are working on are based on our future vision and constant conversations with our customers and industry analysts. The new stuff helps us fulfill one of our key goals: help customers adopt a more proactive security posture while still keeping productivity up.

The impact of this funding will start showing up in our roadmaps shortly, and we will be happy to talk more about your needs and how PrivX can help solve your access management, authorization and automationneeds.

To read more about the award, please see our stock exchange release here.

 

Tag(s): PrivX , funding , news Jussi Mononen Jussi is responsible for SSH's strategic and corporate development and investor relations. He is a 30-year IT industry veteran who is old enough to have coded in Fortran and Ada before switching to the business side of things.

Connect with the author Other posts you might be interested in press 4 min read | October 22, 2018 SSH.COM and Fujitsu partner to offer privileged access as a service Read More identity and access management 4 min read | January 15, 2020 SSH.COM and Digital Information Technologies Form Partnership to Strengthen Privileged Access Management for Enterprises Read More multi-cloud 6 min read | November 1, 2018 PrivX 4: the lean cloud access machine. Now with session recording. Read More Subscribe to email updates SSH is a leading defensive cybersecurity company that secures communications between humans, systems, and networks. We specialize in Zero Trust Privileged Access Controls and Quantum Safe Network Security. Our customers include a diverse range of enterprises, from multiple Fortune 500 companies to SMBs across various sectors such as Finance, Retail, Technology, Industrial, Healthcare, and Government. 25% of Fortune 100 companies rely on SSH’s solutions. Recent strategic focus has expanded SSH business to Defence, Critical Infrastructure Operators, Manufacturing OT Security and Public Safety.

Leonardo S.p.A invests 20.0 million EUR in SSH, becoming the largest shareholder of the company. SSH solutions form a Center of Excellence for Zero Trust privileged access management and quantum-safe network encryption in Leonardo - a global industrial group that creates multi-domain technological capabilities in the Aerospace, Defence and Security sector with 17.8 billion EUR revenue in 2024. SSH company’s shares (SSH1V) are listed on Nasdaq Helsinki.

 

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