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Defense Stock News: IronNet (NYSE: $IRNT) Wins 2021 Threat Detection Product of the Year at the Cyber Security Awards

 

MCLEAN, Va. - December 10, 2021 (Investorideas.com Newswire, Homelanddefensestocks.com) IronNet, Inc. (NYSE:IRNT) ("IronNet"), an innovative leader in Collective Defense and Network Detection and Response (NDR), today announced its IronDome® Collective Defense platform has been recognized as a Product of the Year in the Threat Detection category by the independent, UK-based Cyber Security Awards. This is the second year in a row that IronNet has won the distinguished award.

IronDome is the industry's first automated threat-sharing solution that facilitates a crowdsourced-like environment for delivering cyberattack intelligence in real time and with situational context. It operates by sharing anonymized threat detections from individual enterprise networks within secure Collective Defense communities. By automating the anonymous sharing of threat detections triggered by behavioral analytics within groups of related entities, such as sectors and supply chains, SOC analysts can better prioritize alerts for a faster and more effective response.

In each Collective Defense community, correlated threat detections reveal broad attack patterns, giving all members early insight into potential incoming attacks. IronDome dynamically creates a real-time cyber radar picture at network speed and cloud scale. Every customer anonymously contributing its threat data into the community reaps additional benefits from the shared intelligence and combined analyst expertise of the other organizations. In this way, smaller organizations can benefit from the more advanced security posture of larger community members such as energy companies and global financial firms.

This is the latest win of several awards for IronNet in 2021. Earlier this year, the company was named the Advanced Persistent Threat (APT) Solution Provider of the Year by the CyberSecurity Breakthrough Awards, as well as the AWS Public Sector Best Cybersecurity Solution. Also, in July, IronNet received the title "Vendor Who Shaped the Year" by IDC for the second consecutive time.

"Being recognized for a second year as the best threat detection product shows the value in Collective Defense," said Bill Welch, co-CEO of IronNet Cybersecurity. "IronDome has the ability to transform the way we work together in cybersecurity, crowdsourcing knowledge to help better identify new and novel threats. Gone are the days of ineffectively defending in isolation."

The Cyber Security Awards were established in 2014 to reward the best individuals, teams, and companies within the cybersecurity industry. As a totally independent program, the award has no affiliation with organizations nor media entities and, as a result, the award judges make decisions on merit alone. They come from varied backgrounds, and are among the most well-regarded individuals within the cybersecurity industry.

About IronNet, Inc.

Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding IronNet's products and recognitions in the cybersecurity market and IronNet's ability to strengthen the security profiles of its customers and partners. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside IronNet's management's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: IronNet's inability to recognize the anticipated benefits of collaborations with IronNet's partners and customers; IronNet's ability to execute on its plans to develop and market new products and the timing of these development programs; IronNet's estimates of the size of the markets for its products; the rate and degree of market acceptance of IronNet's products; the success of other competing technologies that may become available; IronNet's ability to identify and integrate acquisitions; the performance of IronNet's products; potential litigation involving IronNet; and general economic and market conditions impacting demand for IronNet's products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading "Risk Factors" in the proxy statement/prospectus filed with the Securities and Exchange Commission (the "SEC") on September 30, 2021 and other documents that IronNet has filed or will file with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IronNet does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

IronNet investor contact: Nancy Fazioli IR@ironnet.com

 

IronNet media contact: Kathryn Hardcastle ironnet@matternow.com


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