SAN FRANCISCO–(BUSINESS WIRE)–Metabase Q, the leading end-to-end cybersecurity platform in Latin America and Mandiant, Inc. (NASDAQ: MNDT), a global leader in threat intelligence, recently acquired by Google for $5.4 billion, today announced a strategic alliance. By joining forces in partnership, Metabase Q and Mandiant enable their existing base of hundreds of customers in Mexico, Chile, Brazil, Argentina and Chile to access the widest range of cybersecurity services and products regionally.
According to several studies, the Latin American cyber security market is valued at over $5 billion and is expected to grow, registering a compound annual growth rate of over 10% through 2026.
This alliance is timely given the rapid growth of cybercriminal organizations worldwide, resulting in an estimated $10.5 trillion in losses for companies in Mexico and Latin America by 2025.
This scenario becomes more critical without a culture focused on cybersecurity issues. On average, any successful attack on companies in sectors ranging from finance, manufacturing, retail, and even technology, among others, costs at least $2.5 million per attack, excluding the value derived from information loss. Therefore, companies would save on their technology budget by having a robust cyber security platform. Companies of all sizes and sectors need to be able to continue to grow without putting their operations at risk from a cyber security attack.
Understanding and proactively defending against various threat actors is a critical component of organizations’ defensive and offensive cybersecurity strategy. Mandiant’s internationally recognized threat intelligence capability is bolstered by Metabase Q’s expertise in Latin America, enabling both organizations to protect customers and communities regionally.
Mandiant develops cybersecurity strategies to prepare organizations for the evolving cyber threat landscape. Based on the growth of cybercrime in Latin America, Metabase Q was founded in 2018 to bring the most sophisticated global cyber security to the region. The alliance announced today is a natural strategic synergy, given their different strengths and expertise.
Through this alliance, Metabase Q will accelerate its growth in the region by combining cybersecurity strategies developed by Mandiant experts and global threat intelligence with proprietary orchestration and automation tools to give companies access to more efficient services and effectively managed in the region.
The five sectors most targeted by cybercriminals are professional and business services, retail, finance, hospitality, and healthcare and high technology. 55% of organizations allocate 1% to 10% of their annual budget to cyber security operations, therefore with a large opportunity for growth.
About Metabase Q:
Metabase Q was built on the belief that customer trust in services and products is the core of business. However, as companies accelerate their innovation plans to participate in the digital economy, their security often lags behind. This problem is greatly exacerbated in developing regions, such as Latin America, with a nascent cybersecurity ecosystem. Metabase Q leveraged lessons learned globally and is rapidly improving the cybersecurity ecosystem at the company and regional level. Metabase Q pioneered a faster and more efficient cybersecurity managed services model to enhance security and drive collective regional defense through shared threat intelligence and regulatory best practices.
