ALSO continues to expand its cybersecurity platform - Introducing new products from its partner CYE

ALSO continues to expand its cybersecurity platform
Introducing new products from its partner CYE to bring a simple and effective approach for SMB cybersecurity

IT environments are constantly evolving, presenting exciting new opportunities for innovation. With the advent of applications like Artificial Intelligence and the proliferation of IoT devices, businesses can leverage these advancements to drive growth and efficiency.

Consequently, the need for strong security measures has become paramount to protect these rapidly developing IT landscapes. As a result, the European cybersecurity market is experiencing robust growth, expected to reach around €70 billion by 2030.

However, cybersecurity remains challenging for many organizations due to the high complexity of technical solutions. More than 3,000 vendors offer over 89 product sub-categories, and substantial costs are associated with implementing effective protection measures. Typically, only large enterprises possess the resources and expertise to fully leverage advanced cybersecurity solutions, leaving smaller businesses with limited budgets vulnerable and at risk. To address this, ALSO has been developing, together with leading global security vendors, a comprehensive cybersecurity platform designed specifically for SMBs.

Effective immediately, ALSO is making new cybersecurity products from its partner CYE available across its 32 countries of presence. This new offering includes the HYVER platform, tailored for Managed Service Providers (MSP). It enables SMB channel partners to manage the current cyber risk situation, create a funnel of countermeasures, and support prioritizing mitigation steps.

“With the new CYE products, we enhance our cybersecurity ecosystem and democratize advanced cybersecurity solutions. This enables channel partners to guard organizations of all sizes effectively and justify investments exactly where protection is needed,” said Jan Bogdanovich, managing director commercial business at ALSO.

“We are thrilled about the opportunity to partner with ALSO and their extensive ecosystem, especially in light of emerging compliance requirements such as NIS2 and DORA,” explains Reuven Aronashvili, CYE’s Founder and CEO. “Together, we help MSPs clearly identify where their customers should focus to enhance cybersecurity, aligned to their specific industry and business needs.”

 

Contact ALSO Holding AG
Kilian Maier
Investor Relations
E-Mail: kilian.maier@also.com

 

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) is Europe’s largest technology provider for the ICT industry, currently active in 31 European countries and in many countries worldwide via PaaS partners. The ALSO ecosystem comprises a total potential of more than 135,000 resellers, to whom we offer hardware, software and IT services from more than 800 vendors in over 1,570 product categories. In the spirit of the circular economy, the company provides all services from provision to remanufacturing from a single source. The business activities comprise the areas of Supply, Solutions and Service. Supply stands for the transactional provisioning of hardware and software. Solutions supports customers in the development of customised IT solutions. Subscription-based cloud offerings as well as digital platforms for IoT, cybersecurity, virtualisation and AI are at the heart of the Service division. The main shareholder is the Droege Group, Düsseldorf, Germany. Further information can be found at  https://also.com.

The Droege Group (founded in 1988) is an independent investment and consulting firm under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a familyequity business model. The group invests its own equity in “special opportunities” with a focus on mediumsized companies and spin-offs as well as strategically in buy & build transactions. With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on long-term oriented megatrends. Enthusiasm for quality, innovation and speed determines the company’s actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. Further information can be found at https://droege-group.com.

Disclaimer

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.