Nodeware(R) Named “Best Security Product” at SMB TechFest

Rhea-AI Summary

Infinite Group, Inc. (OTCQB:IMCI) announced that its Nodeware vulnerability management solution was voted the Best Security Product at SMB TechFest, highlighting its effectiveness in cybersecurity. A study from Canalys emphasized that traditional defense strategies are insufficient and suggested focusing on cyber-risk detection, a market expected to grow by 34% annually, reaching $112 billion by 2026. Nodeware's continuous vulnerability scanning is designed to enhance data security across all devices, making it an essential tool for managed service providers (MSPs) grappling with cyber threats.

Positive

• Nodeware was awarded 'Best Security Product' at SMB TechFest, indicating strong market recognition.
• Canalys study highlights a growing demand for cyber-risk detection, a market projected to grow 34% yearly.
• Nodeware offers continuous vulnerability scanning, enhancing security for businesses and MSPs.

Negative

• None.

PITTSFORD, NY / ACCESSWIRE / February 28, 2023 / Infinite Group, Inc. (IGI) (OTCQB:IMCI)-According to new research from Canalys, protecting business networks against cybercrime is destined to fail. Rather, the study claims "detecting activity, responding to incidents and recovering and learning" from threat actors is vital - and attendees at this month's SMB TechFest couldn't agree more, voting Nodeware's always-on, always-aware vulnerability management program "Best Security Product." Nodeware was developed by IGI CyberLabs, a wholly-owned software subsidiary of IGI.

"Keeping up with the fast-changing cybersecurity landscape can be a full-time job that most managed service providers (MSPs) simply can't sustain," said Matthew Koenig, Vice President of Channel Sales. "That's why deploying deep-scanning detection tools that work from the inside out offers the greatest potential for truly ensuring data security. It's rewarding to learn that our channel partners recognize and appreciate the effort we take to help them more efficiently manage their customers' cyber risk."

The Canalys study revealed that 72% of cybersecurity spending is focused on "building and managing defenses to protect data, infrastructure, people, and other assets," but also emphasized that it is exactly those potential threat actors that have already breached defenses. Managed service providers who are focused on finding anomalies and mitigating events are better positioned to capitalize on the shift to cyber-risk detection, a market Canalys expects to grow 34% each year, reaching $112 billion by 2026. Complete and continuous visibility of the network - that's running silently in the background without impacting network performance - is the new reality and the only true measure of potential cyber warfare.

"Traditional vulnerability scanning systems that work on-demand miss everything that is not powered on, out of the office or missing during the time of a scan," said Jack Taugher, Chief Visionary Officer and Vice President, AIR Technology Services. "The Nodeware solution enables vulnerability management for devices anywhere."

SMB TechFest brings together Solution Providers, MSPs, VARs, Cloud Partners, Security, Telecom, IT Pros, and Application Partners with industry expert speakers and related content. The two-day event includes networking, sessions, and presentations. This award category is unique in that the recipient is the top vote getter by attendees of the conference and introduces Nodeware as a stand-out product/solution by its peers.

Safe Harbor Statement

This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.

About IGI

Headquartered in Rochester, NY with a remote workforce spanning across the United States, Infinite Group, Inc. (IGI) (OTCQB:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a subsidiary of IGI, is the OEM of the Nodeware^® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.

Nodeware is an in-demand cybersecurity solution that helps businesses reduce their risk of ransomware or other cyber-attacks-all with breakthrough simplicity and affordability. The easy-to-use SaaS solution helps businesses meet compliance requirements and can be bundled with other IT or security offerings or used to upsell managed services. And it's not just filling a security gap for customers, it's also filling a void in the channel cybersecurity market-creating a powerful opportunity for MSPs and resellers. Nodeware is available globally and is supported and developed by IGI's US-based support and development teams. Learn more at nodeware.com and igicyberlabs.com.

Follow Nodeware: Twitter LinkedIn Facebook

Media Contact

Taylor Gaines
CommCentric Solutions (on behalf of IGI CyberLabs)
813-727-6871 | tgaines@commcentric.com

Nour Dandan
Digital Marketing Manager - Infinite Group, Inc. (IGI)
585-485-5785 | ndandan@igius.com

For investment inquiries, contact IR@igius.com.

SOURCE: Infinite Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/741201/NodewareR-Named-Best-Security-Product-at-SMB-TechFest

FAQ

What is the significance of Nodeware being named 'Best Security Product'?

Nodeware's recognition at SMB TechFest underscores its effectiveness in cybersecurity and boosts its reputation among managed service providers.

How does the Canalys study impact the market outlook for IMCI?

The Canalys study suggests a shift toward cyber-risk detection, which could enhance demand for IMCI's Nodeware solution, positioning it favorably in a growing market.

What are the projected growth figures for the cyber-risk detection market?

The cyber-risk detection market is expected to grow 34% annually, reaching $112 billion by 2026, presenting significant opportunities for companies like IMCI.

How does Nodeware improve cybersecurity for businesses?

Nodeware continuously scans networks for vulnerabilities, ensuring comprehensive visibility and security without impacting performance.