Level 2

Falanx secures first contract with US-based MSP

By Iain Gilbert

Date: Friday 18 Sep 2020

Falanx secures first contract with US-based MSP

(Sharecast News) - Cybersecurity firm Falanx Group has scored its maiden contract with a US-based managed services provider from the SolarWinds community.
Falanx said on Friday that the deal represented the first sale of both a new and additional managed endpoint detection and response service, which enables its security operation centre to sit behind SentinelOne EDR software.

While the AIM-listed group said initial revenues were "not yet material", Falanx stated there was "potential" for this to grow "significantly" with the addition of further devices and services.

The deal followed an accelerated sales cycle, in conjunction with the company's partnership with SolarWinds MSP.

Chief executive Mike Read said: "This is an important strategic win for Falanx Cyber, offering validation at multiple levels. It is further customer and industry validation of Triarii MDR as an important cybersecurity offering for our customers and the flexibility of our new SentinelOne SOC service."

As of 1115 BST, Falanx shares were up 3.85% at 1.35p.

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