Company Sees Significant Traction in Mid-Market with 5G Core Approach to SASE and Continues Hiring to Support Rapid Growth
Exium, the autonomous cloud security and networking platform, announced it has seen 10x growth in ARR as adoption of its Secure Access Service Edge (SASE) platform, the Exium Intelligent Cybersecurity Mesh™(CyberMesh), continues to soar. Built on 5G core technology with cloud-native constructs, Exium built a F500-grade solution that continues to gain traction especially with mid-market customers for its simplicity. Recent notable wins include multiple mid-market customers, federal government agencies, a Fortune 500 company and the addition of major distributors with 15 overall in North America, EU and Asia-Pacific regions.
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“Conceptually, SASE is an attractive model but when you look at what’s available in the market today, it’s often a cobbled-together solution through acquisitions that doesn’t deliver on the full promise of an integrated networking and security platform,” said Farooq Khan, CEO and Founder, Exium. “The Exium Intelligent Cybersecurity Mesh is the only SASE solution built from the ground up with cloud-native constructs based on 5G core technology designed for distributed environments that have the most stringent requirements for networking and security. CyberMesh offers a tightly integrated solution for networking and security operations that is easy-to-deploy and easy-to-use, features that are extremely attractive to the mid-market and the MSPs that serve them.”
As a result of its early success, Exium continues to hire rapidly, including expanding its executive team with the addition of industry veteran Michael Gallagher, who joins as President and COO. In this role, Gallagher will work closely with Khan on the company’s overall strategy to scale the company including customer success, business development and accelerating growth. The company today also announced the availability of its local SASE node to deliver East-West as well as North-South Network Security and a new XDR module that simplifies and empowers customers to protect against hidden, advanced and sophisticated threats in real-time. Such threats include recent stolen-credential-based attacks by the Lapsus$ cybercriminal group, the Colonial pipeline ransomware attack, and the attacks against Log4Shell and Spring4Shell vulnerabilities, all extremely critical as the attack surface has grown exponentially with expanded Work From Home/Anywhere (WFH/WFA) policies and the exploding proliferation of ransomware.
Networking and security are no longer tied to a complex, costly stack of outdated hardware that impedes growth and introduces integration risk. Exium leverages the scale of 5G networking tightly integrated with full-stack, cloud-native security to transform how security and performance are consumed and managed while reducing total cost of ownership (TCO) by more than 50%. The Exium CyberMesh SASE platform delivers the Defense-in-Depth of multiple layers of security coupled with 5G performance and cloud-native flexibility in one integrated service. The solution is ideal for mid-market customers with lean IT teams who require Fortune-500-grade security but don’t have the resources to integrate and manage disparate vendors and technologies. 5G technology differentiates the Exium platform through its standards-based, heavily tested, and globally deployed security model. This includes protecting user credentials in the hardware root of trust, robust encryption protocols, and a constantly tested trust model. Exium customers benefit from this technology and the backing of an ecosystem with the largest technology players, mobile operators, and even governments that have strong vested interests in keeping 5G highly secure.
CyberMesh combines the key capabilities of security service edge (SSE) and SD-WAN. CyberMesh is an autonomous cloud security and networking platform that protects enterprises holistically with the capabilities traditionally delivered by a complex assortment of legacy hardware products. The Exium all-in-one SaaS solution provides advanced capabilities of a firewall, VPN, secure web gateway, SD-WAN, DNS and more, which allows IT teams to deploy a secure, carrier-grade network in minutes, not months.
Currently, the five available modules include Secure Internet Access (SIA) to enable employees to securely connect to public websites and SaaS applications; Secure Private Access (SPA) to provide secure Zero Trust remote access to internal private applications; Secure SD-WAN to securely connect office or branch locations; Secure Things Access (STA) to protect IoT and OT devices with end-to-end encryption and Zero Trust authorization; and XDR to protect against zero-day and other advanced threats.
Launch of Local SASE Node
Local SASE node brings the power of 5G networking tightly integrated with full-stack, cloud-native security to the customer environment, on-premises data center, or in the cloud deployed on standard x86 hardware. It supports capabilities such as network segmentation that enables an organization to reduce cybersecurity risk by creating the network boundaries where a zero-trust security policy can enforce East-West access controls in addition to North-South access. A local SASE node also addresses the security needs of IoT and OT (Operational Technology) devices that may not support agents.
Launch of XDR Module
Today many enterprises suffer from security tool sprawl and have deployed an average of more than 30 security vendor solutions that create management challenges and lead to gaps that negatively impact the overall security posture. Moreover, many solutions offered by vendors are cobbled together after M&A activity. Meanwhile, mid-market organizations often lack the internal teams or the budget to accomplish doing this themselves.
XDR centralizes the collection of data from across the end-to-end infrastructure, including users, endpoints, devices, applications and networks, providing a single source of truth across all security functions. This enables customers to reduce alert fatigue and allows exploits to be quickly identified across data center, SaaS and cloud environments. XDR module is offered in two ways: Native XDR is tightly aligned with the SASE security tools provided by Exium, whereas Hybrid XDR leverages additional data from complementary security tools from other vendors to provide a more complete SOC platform experience.
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“XDR flattens the security consumption model while overcoming challenges with traditionally siloed threat data from disparate security solutions, enabling organizations to quickly identify threats, understand what’s been impacted and quickly remediate before it cripples business operations,” said Farooq Muzaffar, CMO, Exium. “As modern enterprises are becoming more distributed, dynamic and cloud-forward, mid-market organizations are especially challenged with the volume and variety of threats. Our XDR solution simplifies networking and security operations and gives partners the ability to deliver on the promise to protect their customer networks.”
Continued Hiring and Expansion of Executive Team
“Michael Gallagher is a proven leader with a track record of strategic planning and execution success that will be invaluable as we grow. Michael is a welcome addition to our deep and diverse leadership bench, and he will help position us to deliver on our vision this year and beyond,” Khan added.
Gallagher has over 30 years of enterprise networking and wireless industry experience. Before joining Exium, he was the CEO of SpiderCloud Wireless, Inc., a scalable small cell company acquired by Corning. Gallagher also was CEO of FiberTower, Inc. and President of Flarion Technologies, a 4G company which was acquired by Qualcomm. Prior to Flarion, Gallagher held executive leadership roles with Nortel Networks, Shasta Networks (acquired by Nortel) and Bay Networks (acquired by Nortel).
“Exium is taking a revolutionary approach to networking and security for the modern digital era and delivering a simple and more cost-effective SASE solution for the mid-market,” said Michael Gallagher, COO, Exium. “I’m honored to join the company during this early rapid growth phase, and I look forward to building on the momentum as we continue to deliver on our business strategies to ensure our customers are successful.”
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