Coalfire announced another successful year extending its leadership in the cybersecurity industry. The 21-year veteran increased its cloud managed services (CMS) business by more than 300%, gaining market share in the industry’s key growth areas of compliance, cloud penetration testing, and FedRAMP advisory and authorization.
“Despite last year’s economic headwinds, Coalfire streamlined and scaled security programs for our more than 6,000 customers, including the world’s leading financial services, healthcare, and retail enterprises, that use our proprietary platforms,” said Coalfire CEO Tom McAndrew. “We are proud to deliver market-leading, platform-enabled cybersecurity services to the top five cloud providers and nine of the top 10 SaaS providers. This could only be possible with the talented group of experts we have at Coalfire.”
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Number One in FedRAMP
Coalfire extended its #1 position in FedRAMP advisory and managed services, enabling clients to achieve FedRAMP authorization up to 80% faster with 40%+ savings in operational expenses. Engaged with 70% of all FedRAMP ATOs (Authority to Operate) nationwide, the company continued its track record of getting 100% of its FedRAMP builds approved and operational.
With the recent passage of the FedRAMP Authorization Act, CEO McAndrew offered guidance in a recent press release for cloud service providers (CSPs), government agencies, and commercial businesses on how to interpret the landmark legislation that ushers in a new era of cyber maturity and a new paradigm for public and private sector partners. “The FedRAMP Authorization Act will stimulate innovation and drive government agencies to seek ‘cloud-first’ technology solutions, making for a safer, more security-conscious country,” said McAndrew. “Moving forward, commercial cloud and software providers will have easier access to multiple agencies across the Federal Marketplace.”
SOURCE: PR Newswire