Cloud SIEM and SOAR security software provider Sumo Logic continues to gain momentum with channel partners, and the company expects MSP engagements to gain even more momentum amid IT department labor shortages within end-customer settings.
The channel partner and MSP momentum statements surfaced December 5, 2022, during Sumo Logic's quarterly earnings call with Wall Street analysts. Among the anecdotes from CEO Ramin Sayar to note:
Sayar frequently touts Sumo Logic's partner strategy during earnings call, and he made similar channel partner momentum statements in May 2022.
Sumo Logic Security Tools for MSPs and MSSPs
Sumo Logic's software has multiple use cases for MSP and MSSP partners -- including:
Sumo Logic's latest financial results generally beat Wall Street's expectations. For Q3 of fiscal 2023:
Looking ahead, Sumo Logic expects full fiscal year 2023 total revenue to be $298 million to $299 million , up 23% from the corresponding quarter last year.
Cloud SIEM and Cloud SOAR: Crowded Markets
Generally speaking, customer demand for cloud-based SIEM (security information and event management) and SOAR (security orchestration, automation and response) remain strong. But the cloud SIEM and SOAR software segments are crowded with competition.
In some ways, Sumo Logic competes against Microsoft Azure Sentinel and Google Chronicle, though use cases for the various cloud-based security tools vary from company to company.
Still, Sumo Logic continues to have a successful partnership with AWS. In fact, Sumo Logic's entire SaaS platform is built atop AWS. Moreover, Sumo Logic is one of the first partners working on the Amazon Security Lake.
