Digital Hands, an MSSP and security operations center-as-a-service (SOCaaS) provider that supports MSP partners, has raised $15 million from private equity firm Fulcrum Equity Partners.
Digital Hands will use the funding to expand its service offerings and explore ways to support customers of all sizes, the company said.
Digital Hands provides the following managed security services:
Furthermore, the company provides SOCaaS in combination with security orchestration, automation and response (SOAR) tools. Digital Hands also delivers CyGuard Security Information and Event Management (SIEM), Advanced Endpoint Protection and Discovery solutions.
Digital Hands: Talent, Partner Initiatives
Digital Hands has been building a partner program for MSPs and other partners seeking SOCaaS. Key partners include Ingram Micro.
The company has also made several key hires. Examples include:
SOCaaS: Market Grows, Competition Grows
No doubt, demand for SOCaaS is growing rapidly. Thousands of MSPs worldwide are contemplating their managed security services strategies. The journey involves a major inflection point -- buy, build or partner for SOC capabilities?
As a result, dozens of companies now offer SOCaaS to MSPs and other types of channel partners. Private equity firms and venture capitalists have also been active in the market. In addition to the Digital Hands funding news, rivals such as Arctic Wolf Networks have also raised funding.
Numerous MSSPs and cybersecurity companies focused on the IT channel have also raised money.
Additional insights from Joe Panettieri.
