IronNet Expands Global Reach in Singapore with Addition of Leading Healthcare and Finance Customers

Rhea-AI Summary

IronNet, Inc. (NYSE: IRNT) expands its international presence with the addition of a wealth management platform and a private healthcare service from Singapore as customers. These organizations will utilize IronNet’s AI-driven Network Detection and Response solution and Collective Defense platform to enhance their cybersecurity measures. The platform offers real-time collaboration and threat intelligence, enabling more effective responses to cyber threats. Company executives express confidence in IronNet’s capabilities, highlighting a long-term partnership commitment.

Positive

• Expansion into international markets with new clients in Singapore.
• Utilization of advanced AI-driven cybersecurity solutions enhancing client trust.
• Long-term partnership commitments indicated by client executives.

Negative

• None.

High-Profile Wealth Management Platform and Private Healthcare Service in Singapore Continue to Prioritize Cybersecurity with Implementation of IronNet Collective Defense Platform

MCLEAN, Va.--(BUSINESS WIRE)-- IronNet, Inc. (NYSE: IRNT) (“IronNet”), an innovative leader Transforming Cybersecurity Through Collective Defense^SM, today announced that it has expanded its international footprint with the addition of a leading wealth management platform as well as a private healthcare service from Singapore as customers.

Both organizations—which are remaining anonymous to protect their operational security—will use IronNet’s leading AI-based Network Detection and Response (NDR) solution as well as the IronNet Collective Defense^SM platform, to collaborate in real time to better detect and defend against cyber attacks.

As cyberattacks increase in scale, sophistication, and frequency, Singapore’s critical sectors are re-evaluating their traditional approach to cybersecurity and looking to the latest technologies and models to give themselves a clear advantage when protecting their customers and their business.

The IronNet Collective Defense platform provides that advantage as the first automated cyber solution that delivers threat knowledge and intelligence across industries at machine speed. By leveraging IronNet’s advanced AI-driven NDR capabilities, the Collective Defense platform can detect and prioritize anomalous activity inside individual enterprise network environments.

"We chose IronNet over other options after demonstrating in-depth Proof of Value criteria,” stated the Director of IT for the Wealth Management Platform. “Through the detections, IronNet's solution clearly showed its value, and we are looking at a long-term partnership with IronNet to augment our existing investments."

The IronNet Collective Defense platform analyzes threat detections across the community to identify broad attack patterns and provides anonymized intelligence back to all community members in real time, giving all members early insight into potential incoming attacks. This increased visibility of known and unknown cyber threats, combined with the ability to collaborate in real time, can help improve effectiveness of cyber defenders by allowing for faster triage and stronger response capabilities.

"IronNet was chosen after very careful and deliberate evaluation criteria,” said the Chief Information Security Officer for the private health service company. “IronNet's solution clearly showed the value and the support from the team on the ground was instrumental in choosing them as the trusted advisor and technology provider for threat hunting.”

“It’s no coincidence that critical sectors, managing the most sensitive of data, look to IronNet to safeguard their information and their business,” said Gaurav Chhiber, Vice President of APJ at IronNet. “Collective Defense combines advanced behavioral analytics with sector and nationwide intelligence to help ensure the security and resilience of the most critical sectors and infrastructure.

About IronNet, Inc.
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding IronNet’s ability to strengthen the security profiles of its customers and partners. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside IronNet’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: IronNet’s inability to recognize the anticipated benefits of collaborations with IronNet’s partners and customers; IronNet’s ability to execute on its plans to develop and market new products and the timing of these development programs; the rate and degree of market acceptance of IronNet’s products; the success of other competing technologies that may become available; IronNet’s ability to identify and integrate acquisitions; the performance of IronNet’s products; potential litigation involving IronNet; and general economic and market conditions impacting demand for IronNet’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading “Risk Factors” in IronNet’s registration statement declared effective by the Securities and Exchange Commission (the “SEC”) on September 30, 2021 and other documents that IronNet has filed or will file with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IronNet does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220216005864/en/

IronNet Investor Contact: Nancy Fazioli: IR@ironnet.com

Media Contact: Cassie Scher, Rational 360: IronNet@Rational360.com

Source: IronNet, Inc.

FAQ

What recent developments has IronNet, Inc. (IRNT) announced regarding new clients?

IronNet announced new clients, a wealth management platform and a private healthcare service from Singapore, utilizing its cybersecurity solutions.

How does the IronNet Collective Defense platform enhance cybersecurity for its clients?

The Collective Defense platform provides real-time collaboration and threat intelligence, allowing for effective detection and response to cyber threats.

What kind of technology does IronNet utilize to protect its customers?

IronNet employs AI-driven Network Detection and Response solutions to enhance cybersecurity for its clients.

What are the benefits of IronNet's partnership with clients in Singapore?

The partnership allows clients to leverage advanced cybersecurity technologies that improve threat detection and response capabilities.