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EclecticIQ Recognized in Gartner 2019 Market Guide for Security Orchestration, Automation and Response Solutions

EclecticIQ Is Listed in the Report as a Representative Vendor in the Security Orchestration, Automation and Response (SOAR) Market

EclecticIQ, which empowers cyber defenses with threat intelligence, is pleased to announce it has been recognized as a Representative Vendor in Gartner’s June 2019 Market Guide for Security Orchestration, Automation and Response Solutions. The report states, “SOAR solutions are gaining visibility and real-world use driven by early adoption to improve security operations centers. Security and risk management leaders should start to evaluate how these solutions can support and optimize their broader security operations capabilities.”

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According to Gartner, “The SOAR technology market aims to converge security orchestration and automation (SOA), security incident response (SIR) and threat intelligence platform (TIP) capabilities into single solutions.” The report goes on to state that “SOAR selection in 2019 and beyond is being driven by use cases such as SOC optimization; Threat monitoring and response; Threat investigation and response; [and] Threat intelligence management.” Further, the report states, “SOAR helps improve the signal-to-noise ratio by automating the repeatable, mundane aspects of incident investigation. This creates a positive situation where analysts can spend more time investigating and responding to an event instead of spending most of their time collecting all the data required to perform the investigation.”

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“As intelligence-led security strategies are adopted, we feel that solutions like EclecticIQ Platform facilitate analyst enablement, automation and integration required for detection, prevention and response,” said Joep Gommers, CEO and co-founder at EclecticIQ. “We are especially pleased about our recognition as a Representative Vendor in Gartner’s Market Guide for SOAR, as we believe we prioritize collaboration and analyst enablement as one of our main areas of focus, and as we transition from information exchange to active collaboration.”

Gartner expects, “by year-end 2022, 30% of organizations with a security team larger than five people will leverage SOAR tools in their security operations, up from less than 5% today.” It further states, “the SOAR market is still an emerging market, and it is forecast to grow up to $550 million in the five-year (2018-2023) time frame.”

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