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London — Feb. 10, 2015 — Based on its recent analysis of the market for cyber security for critical infrastructure and financial services, Frost & Sullivan recognises ThetaRay with the 2014 Global Frost & Sullivan Entrepreneurial Company of the Year Award.
ThetaRay’s unique solution analyzes multi-domain data and protects any industrial environment, machine, or device by identifying the first signs of unknown cyber or operational threats. Importantly, it does this automatically and in real-time, with very low rates of false positives.
The technology’s uniqueness lies in the disruptive field-proven algorithms that enable it to perform context-free analysis of almost any type of data, without any rules or domain expertise. A significant advantage of a rule-free solution is the elimination of software upgrades.
“Apart from being independent of patterns, signatures, or heuristics, the solution takes less than a minute to analyze the data from the moment it arrives to the time an alert is generated,” said Frost & Sullivan Aerospace, Defense and Security Manager Yaki Baranes. “The math-based solution, developed by research groups and validated by multiple organizations worldwide, protect different platforms and technologies such as smart grids, airplanes, turbines, connected cars, and offshore oil and gas platforms.”
Going forward, ThetaRay intends to continue targeting the leading Industrial Internet and financial organizations, go to market with strategic partners, target American customers, and expand in the European market. Additionally, it is aiming to release the second general availability with additional support for its industrial and financial customers.
“ThetaRay’s cyber solution has the ability to detect attacks from multiple sources on the infrastructure including machine data, industrial Internet, or network traffic,” Baranes noted. “The solution is distinct insofar as it is not restricted by the number of parameters nor quantities of data it can analyze to generate meaningful results.”
“This prestigious Frost & Sullivan award demonstrates the growing market awareness and appreciation of ThetaRay’s game-changing approach, which protects financial and industrial institutions from the most destructive and complex cyber-attacks, both known and unknown,” said Mark Gazit, CEO of ThetaRay.
ThetaRay’s growing customer base, increasing sales, expanding global footprint, and financial backing from leading global organizations such as GE highlight the organization's genuine breakthrough and technological capability.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
ThetaRay is a leading provider of big data analytics platform and solutions for advanced cyber security and operational efficiencies, protecting the critical infrastructure and financial services markets against unknown threats. The company’s patented, award-winning platform automatically uncovers unknown cyber and operational threats, allowing customers to take action and avert disaster before any damage occurs. ThetaRay’s core technology is based on state-of-the-art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRay’s unmatched detection and low false-positive rates as a see-all power that enables them to unify detection and defeat the unknown. For more information, visit www.thetaray.com.
