Insurance and security intertwine. That makes investments in cybersecurity a vital part of the evolving cyber insurance industry. This makes today’s announcement that Strategic Cyber Ventures (SCV) has invested $1 million in Evo Security worth noting. SCV is a provider of enterprise-grade identity and access management (IAM) products for Managed Service Providers (MSPs).
IAM is a critical component of cybersecurity, and it is especially important for MSPs, which manage the IT systems of multiple businesses. Evo Security’s IAM solutions help MSPs to secure their own IT systems and the IT systems of their customers.
“We are excited to support Evo Security in their mission to help MSPs make their identity and access management safer,” said Hank Thomas, Founder and CEO of Strategic Cyber Ventures. “Their innovative approach to cybersecurity aligns perfectly with our investment strategy, and we believe this partnership will yield significant advancements in the IAM industry.”
“This investment will help us to accelerate our growth and continue to develop innovative IAM solutions for MSPs.”
Michael Roth, Founder and CEO of Evo Security
Evo Security’s IAM solutions for MSPs:
- Reduced risk of cyberattacks: Evo Security’s IAM solutions can help MSPs to reduce their risk of cyberattacks by implementing strong security measures such as multi-factor authentication (MFA) and single sign-on (SSO).
- Improved compliance: Many cyber insurance policies require businesses to implement certain security measures, such as MFA and SSO. Evo Security’s IAM solutions can help MSPs to meet these requirements.
- Reduced costs: Evo Security’s IAM solutions can help MSPs to reduce their IT costs by providing them with access to the latest security tools and expertise.
“We are grateful for the support of Strategic Cyber Ventures,” said Michael Roth, Founder and CEO of Evo Security. “This investment will help us to accelerate our growth and continue to develop innovative IAM solutions for MSPs.”.
About Strategic Cyber Ventures
Strategic Cyber Ventures (SCV) is a D.C.-based venture capital firm that invests in early-stage cybersecurity companies. SCV is committed to helping its portfolio companies to succeed by providing them with access to its network of industry experts and resources. For more information about SCV, visit.
About Evo Security
Evo Security is an Austin, Texas-based cybersecurity company that provides IAM solutions for MSPs. Evo Security’s mission is to help MSPs to make their identity and access management safer. For more information about Evo Security, visit.
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