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Killexams : Symantec dministration learning - BingNews Search results Killexams : Symantec dministration learning - BingNews Killexams : Review: Symantec Endpoint Protection 12

I have a confession to make: I’m not usually blown away by the antivirus software I review.

Over the years, I have learned to expect certain things from these applications, and I have not been terribly surprised by most versions that have crossed my desk.

Certainly, definitions evolve, and the means of detection improve. But for the most part, antivirus software works its magic by comparing what it sees with a static set of definitions, then taking action when it identifies a match. The interface may become more intuitive, deployment more painless and detection more accurate, but the process itself remains largely unchanged.

But the latest iteration of Symantec Endpoint Protection (v.12) was a pleasant surprise. With SEP, Symantec changed direction.


Symantec seems to have gone to great lengths to Strengthen overall performance by training the software to avoid scanning files unnecessarily. To achieve this, it has introduced Symantec Insight, technology that uses data collected from more than 175 million opt-in customers to rate the safety of and assign reputations to almost every executable (.exe) file available. The virus scanner uses this information to decide whether to scan a given file. When a reputation ranks highly, the application will skip it altogether, effectively minimizing scan times and lowering overall system resource utilization.

Additionally, the latest rendition of Symantec Online Network for Advanced Response (SONAR) introduces policy enforcement, which helps block new malicious processes before definitions become available. This is accomplished by observing a program’s behavior in real time while leveraging its actions against a behavioral profile. If the culmination of several suspicious actions results in a poor rating, the system will proactively stop the process and prevent it from further compromising the machine. Any administrator who has wrung her hands (or pulled his hair out) while waiting for a virus definition update will no doubt appreciate this added layer of malware protection.

Why It Works For IT

The management console is well designed and easy to learn, providing tools and data for the entire organization in a single panel. Administrators who have used previous versions of SEP will find the layout and logic familiar, as it is strikingly similar to that of v.11. Most common tasks can be carried out in much the same way as they always have been, from creating custom policies to deploying to new clients. Any administrator familiar with this product family will have no problem getting up to speed with changes in the new version.

To help, Symantec preconfigures the policy settings of the Small Business Edition of SEP 12. That means administrators can hit the ground running, making customizations as needed.

Last, but far from least, because Insight reduces the files scanned and the duration of scans, SEP 12’s performance is noticeably improved on client systems, resulting in a better overall experience for end users.


Though the Small Business Edition boasts advances, they come at a price. The product becomes much cheaper when an organization passes the 25-client mark, and customers receive additional discounts for longer subscription terms.

Sun, 26 Jun 2022 12:00:00 -0500 Jason Holbert en text/html
Killexams : Artificial Intelligence in Cybersecurity Market Size to Reach USD 133.8 Billion by 2030 Driven by Growing Number of Cyber Attacks

DUBLIN, July 18, 2022 (GLOBE NEWSWIRE) -- The Global Artificial Intelligence (AI) in Cybersecurity Market size accounted for USD 14.9 Billion in 2021 and is estimated to reach the market value of USD 133.8 Billion by 2030.

The rising number of cyberattacks helped the industry to generate a noteworthy artificial intelligence (AI) in cybersecurity market revenue during the projected years. For instance, according to the U.S. Healthcare Cybersecurity Market 2020 report, more than 90% of healthcare organizations experienced at least one cybersecurity breach in the previous three years. Additionally, according to Cisco data, distributed denial-of-service (DDoS) attacks will more than double to 15.4 million by 2023, up from 7.9 million in 2018.Furthermore, more than four-fifths (86 percent) of data breaches in 2020 were financially motivated.

Our exact artificial intelligence in cybersecurity industry analysis found out that enterprises lose millions of dollar in cyberattacks. For instance, cybercrime costs organizations $2.9 million per minute, and data breaches cost major corporations $25 per minute. According to IBM's Cost of a Data Breach report, the United States has the highest data breach costs in the world, with the average attack costing $8.6 million.

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Report Coverage:

Market Artificial Intelligence in Cybersecurity Market
Market Size 2021 USD 14.9 Billion
Market Forecast 2030 USD 133.8 Billion
CAGR During 2022 - 2030 27.8 %
Analysis Period 2018 - 2030
Base Year 2021  
Forecast Data 2022 - 2030
Segments Covered By Offering, By Technology, By Deployment Model, By Security Type, By Application, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Acalvio Technologies, Amazon Web Services, Inc., Cylance Inc., Darktrace, Fortinet Inc., Intel Corporation, FireEye Inc., IBM Corporation, Micron Technology, Inc., Palo Alto Networks Inc., NVIDIA Corporation, Samsung Electronics Co., Ltd, Securonix Inc., Symantec Corporation, Vectra AI, Inc., and Xilinx Inc.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

COVID-19 Impact on Artificial Intelligence in Cybersecurity Market

With the Covid-19 pandemic in 2020, most companies around the world suffered massive losses. The global artificial intelligence in cybersecurity market, on the other hand, saw a profiting effect. During the early phase of the pandemic, when governments around the world imposed strict movement restrictions and frequent lockdowns to combat virus spread, most organizations adopted a work-from-homeculture.This paradigm shift pushed organizations into new challenges, such as increasing vulnerabilities to cyber threats as a result of their reliance on home networks for internet access. As a result, the demand for robust cybersecurity systems incorporated with artificial intelligence increased exponentially, benefiting the overall market in the midst of the crisis.

Artificial Intelligence in Cybersecurity Market Dynamics

The growing adoption of IoT and the growing number of connected devices are the factors that are expected to fuel the artificial intelligence in cybersecurity market share. The internet of things has greatly facilitated the execution of complex tasks and simplified the lives of millions of people. However, as the number of connected devices grows, so does the threat of cyberattacks.

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The surging demand for cloud-based security solutions is expected to offer lucrative prospects for the artificial intelligence in cybersecurity market growth. As more applications are deployed in the cloud, large enterprises and SMEs are shifting away from on-premises cybersecurity solutions toward cloud-based security solutions. The growing use of cloud-based security solutions could provide opportunities for AI in cybersecurity solutions.

However, aspects such as the vulnerability issues related to IoT devices, as well as misconceptions and a lack of awareness regarding AI in cybersecurity solutions, pose significant challenges to the market's growth.

Worldwide Artificial Intelligence in Cybersecurity Market Segmentation

The global artificial intelligence in cybersecurity market has been divided into several segments, including offering, technology, deployment model, security type, application, end-user, and region. The market is divided into two categories: software and services. The software segment is expected to dominate the market with the highest market share. The technology segment is divided into three categories: machine learning (ML), context-aware computing, and natural language processing (NLP). Machine learning is one of the most important sub-segments of technology.

The deployment model segment is divided into cloud and on-premise. Cloud computing, for example, accounted for a sizable market share. The market is divided into four categories of security: network security, cloud security, application security, and endpoint security. According to the artificial intelligence in cybersecurity market forecast, cloud security will grow at a significant rate between 2022 and 2030.

The application segment is divided into the following categories: Antivirus/antimalware, data loss prevention, fraud detection/anti-fraud, identity & access management, intrusion detection/prevention system, risk & compliance management, security & vulnerability management, threat intelligence, unified threat management, and other applications (DDoS mitigation, firewall, disaster recovery, application whitelisting, web filtering, and patch management). In 2021, the antivirus/antimalware segment held a sizable share. The end-user segment is further subdivided into BFSI, enterprise, retail, government &defence, manufacturing, healthcare, automotive & transportation, infrastructure, and other (oil & gas, education, and energy). According to our analysis, the enterprise segment will generate significant revenue in 2021, while the BFSI segment will experience rapid growth in the coming years.

Artificial Intelligence in Cybersecurity Market Regional Overview

The global artificial intelligence in cybersecuritymarket regional outlook is given as North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. North America is an early adopter of innovative technologies, as its banks, government agencies, and financial institutions face ever-increasing cyber-threats. Over the forecast period of 2022 to 2030, the Asia-Pacific market is projected to expand at the fastest CAGR. Data protection for security purposes in the Asia-Pacific region has urged national cybersecurity to invest in cybersecurity.

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Artificial Intelligence in Cybersecurity Market Players

Some artificial intelligence in cybersecuritycompanies covered globally includes Acalvio Technologies, Amazon Web Services, Inc., Cylance Inc., Darktrace, Fortinet Inc., Intel Corporation, FireEye Inc., IBM Corporation, Micron Technology, Inc., Palo Alto Networks Inc., NVIDIA Corporation, Samsung Electronics Co., Ltd, Securonix Inc., Symantec Corporation, Vectra AI, Inc., and Xilinx Inc.

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The Global Healthcare Cybersecurity Market size is expected to reach around USD 12 Billion by 2027 and growing at a CAGR of 16% during the forecast period 2020 to 2027.

The Automotive Cybersecurity Market current worth is nearly USD 191 million and the market is foreseeable to touch USD 912 million by 2026.

The Global Artificial Intelligence Market is expected to reach the market value of around USD 160 Billion by 2026 and is anticipated to grow at a CAGR of around 49% in terms of revenue during the estimated period 2019 to 2026.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Sun, 17 Jul 2022 23:55:00 -0500 text/html
Killexams : Is Your Home or Small Business Built on Secure Foundations? Think Again…

This article is by James Willison, Project & Engagement Manager, IoT Security Foundation

Few of us realize that our Internet connection relies on the strength of our router's security. So much of what we depend on in our modern day lives comes into our homes and businesses via that box sitting near the front door. We pay attention to our front door and try and ensure it is locked and bolted. but what about that box supplied by the broadband provider?

Well, I am sorry to warn you that it is the most targeted IoT device – if an attacker can control it, then it's really game over for the rest of your home and small business. Software company Symantec has advised that 75% of all IoT attacks are on infected routers, with 15% against webcams, so that’s a concern to some of us too! Of course, everything comes through the trusty box at the front door.

So, while your house might be built on solid ground and the physical foundations are firm, it is unlikely that the Internet connection is as strong as you think. There are people who are entering your home and you have opened it to them. In the words of the song, "Who are you? I really want to know!"

Our problem is that we don't ask this question on a regular basis regarding our networks because we assume our broadband provider is looking after that for us. While they will of course be doing security at various levels, there is much on our networks which is simply not secure and should be of concern to us.

I have been aware of IoT security issues in the home, small business and the enterprise for some time, as I have worked closely with my good friend and colleague Sarb Sembhi for many years. It was when I met Dr. Nick Allott in November 2018 that I became more aware of the severity of the problem, as he explained that most of the home routers we use today are not secure and that the devices they manage have little or no security either. This is not to mention other complications like wireless extenders, smart speakers, and applications on your network to add to the mix.

The great news is that for over two years, Nick's company, Nquiringminds, has led an Innovate UK consortium of partners including the University of Oxford Cyber Security Centre, Cisco, the IoT Security Foundation and recently BT to develop a range of solutions to Strengthen the situation. The project is called "manysecured" and its objectives are to detect and protect against IoT vulnerabilities on the router and the network. It is a truly international collaboration based on open source software and has gained the interest of NIST and US government's CISA. I was privileged to join the project in March this year, and we are seeking to involve other professional stakeholders such as IoT manufacturers and security professionals.

I am confident that given the collaborative nature of the various solutions which comprise the manysecured project that the prototype will be launched at the IoT Security Foundation’s conference on Oct. 5.

In essence, there are five functions within the project's special interest group.

  • The first has produced a set of requirements for ISPs to ensure best practices for the router itself.
  • The second has proposed a secure user Internet browser which will help when you log on and configure your router
  • The third seeks to identify devices on your network. This includes describing what they are. We are looking for IoT manufacturers to help us with this. Many of our readers have been actively seeking to develop the cybersecurity of physical security devices and systems and so we appeal to you to join us to ensure we get this right.
  • The fourth solution monitors the security events and raises alerts for the hub
  • The fifth controls the threats

Most importantly, all these processes are interoperable such that the home network is protected. It seeks to address the principles of secure boot, storage, and secure processing. The place of AI is important because of the volume of data and the difficulty in knowing who and what is on your network. Hence concepts like "zero trust," which Nick has helpfully defined as "multifactor continuous verification," are foundational. Similarly, "cognitive security," which he summarizes as "AI based on human thought patterns to protect physical and digital devices and systems" is a cornerstone of the project.

As security convergence is a response to IoT risk, an area for all of us to Strengthen is the security of the physical devices and systems in the supply chain and the business. If we can get the router, the front end of so many of our homes and small businesses and therefore 90% of the environment, into a better state than it is right now, then we will be on our way to rebuilding that wall which, at the moment, has a massive hole in it.

As J.R.R Tolkein wrote in The Lord of the Rings : "A gaping hole was blasted in the wall. A host of dark shapes poured in." The response required an alliance of several large armies for victory to be achieved. The same is needed today if we are to secure our internet gateways and devices.

Please get in touch with me and the IoT Security Foundation to join our cause and make a difference. You can reach me at the IoT Security Foundation or via my LinkedIn profile.

This story first appeared on IFSEC Global, part of the Informa Network, and a leading provider of news, features, videos, and white papers for the security and fire industry. IFSEC Global covers developments in long-established physical technologies — like video surveillance, access control, intruder/fire alarms, and guarding — and emerging innovations in cybersecurity, drones, smart buildings, home automation, the Internet of Things, and more.

Wed, 27 Jul 2022 11:30:00 -0500 en text/html
Killexams : Identity Analytics Market : Top Impacting Factors, Global Opportunity Analysis by 2025

According to the report, the global identity analytics market generated $512 million in 2017, and is expected to reach $3.62 billion by 2025, registering a CAGR of 27.8% from 2018 to 2025.

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Surge in adoption by enterprises to Strengthen identity and access management systems, increase in need to avail access certification, and rise in awareness regarding management of regulations and compliance drive the growth of the market. However, increase in complexities of IT infrastructure and slow rate of adoption of advanced analytics solutions in underdeveloped countries hinder the market growth. On the other hand, adoption of machine learning technologies and artificial intelligence for identity analytics solutions and increase in demand of mobility solutions create new opportunities in the industry.

Leading market players analyzed in the research include Evidian, Hitachi Id Systems, Gurucul, LogRhythm, Happiest Minds, Verint Systems, ID analytics (Symantec), Microsoft, NetIQ (Microfocus), and Oracle.

Based on component, the software segment contributed to more than two-thirds of the total market share in 2017, owing to rise in data governance and regulation policies for enterprises and the requirement to make informed and data-driven decisions. However, the services segment is expected to grow at the highest CAGR of 33.2% from 2018 to 2025, owing to increase in requirements for training, maintenance, planning, and support services during the usage of identity analytics and the demand for integration, implementation, and upgradation of services.

Based on analytics type, the predictive analytics segment held the major market share, contributing nearly one-third of the total market share in 2017, and is expected to maintain its leadership status by 2025. This is due to its effectiveness in countering frauds and improvement of ongoing provisioning and governance. However, prescriptive analytics would register the highest growth rate with a CAGR of 29.4% from 2018 to 2025, owing to its characteristic to facilitate the organizations with hierarchical models, rule-induction, and decision trees. The research also analyzes descriptive analysis and diagnostic analysis.

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North America accounted for nearly two-fifths of the total market share in 2017, and will maintain its dominant position throughout the forecast period. This is due to rapid adoption of AI driven technologies in identity analytics. However, Asia-Pacific would grow at the highest growth rate, registering a CAGR of 30.7% from 2018 to 2025, owing to increase in security compliance requirements in various industry verticals such as BFSI, government, Telecom & IT, and others along with rise in number of data breaches and cyber-attacks that lead to adoption of identity analytics solutions.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Mon, 04 Jul 2022 02:35:00 -0500 Allied Analytics en-US text/html
Killexams : Mindtree Ltd.

MindTree was incorporated in the year 1999 by a group of 10 industrial professionals who came from Cambridge Technology Partners, Lucent Technologies and Wipro and this team was led by Ashok Soota.

Mindtree has formed successful business and technology alliances with big companies like Microsoft, Hewlett Packard, Oracle, Bluettooth SIG, Intel, IBM, SAP, Orange, Sun Microsystems and many more.

The client list includes name like Getronics, Sonoco, ABB, Elance, Symantec, while consumer goods major Samsung is among others.

In early 2011, Ashok Soota, the co–founded of the company and the executive chairman, quit the company to start another venture.


IT Services– Under this it provides services such as Application Maintenance Services, Business Intelligence, Mainframe and System I, Infrastructure Management and Technical Support, etc. The company caters services to industries like capital market, banking and financial services, Insurance, manufacturing, Retail and Travel and transport.

Research and Development services– MindTree provides various services such as IP Led Services, Semiconductor and hardware engineering, Software Engineering and testing. It offers these services to industries like Automotive, Communication Systems, Industrial System, Medical Electronics, etc.


Selected by WASL procurement team as 'Best provider in the IT– Software services Category' in December 2012. This award is an endorsement of all the hard work the SAP practice, IG has put in over the years to make various projects a success.
Selected by Forbes Asia as one of the ‘200 Best Under A Billion companies’ of 2012. From a list of 15,000 companies, the screening was done based on sales growth, earnings growth and return on equity in the past 12 months and over three years.
2012 NASSCOM IT user award in ‘Social Media Adoption in an Enterprise’ category for the intranet application, PeopleHub.
Second runner–up in the ‘People’s Green Award’ category as part of the TCS World 10K marathon that was held in Bangalore, 2012.
Best corporate governance in India for 2012 by the World Finance magazine.

In 2011– MindTree Limited for the fourth consecutive year, won the Asian Most Admired Knowledge Enterprise (MAKE) Award issued by Teleos, in association with The KNOW Network.

MindTree Launches Contract Pricing Framework.
Ranked #3 in India in the ‘Best Overall for Corporate Governance’ category in Asiamoney corporate governance poll, 2011.
Ranked among the top 100 global outsourcing companies in a study by Global Services Media and NeoAdvisory in 2011.
Selected as the ‘EPG Communication & Collaboration Partner of the year 2011’ by Microsoft.
Ranked 19 in the list of top 25 best employers in India and ranked second among the IT companies by AON Hewitt best employers' survey 2011.

2010 – MindTree Ltd launches Security Services to Help Businesses Solidify and Execute Their Security and Compliance Strategies.

In 2009, MindTree was ranked among the top 5 global R&D service providers by Zinnov Management Consulting Pvt. Ltd

MindTree received the BML Munjal Award, for being the best Indian private sector company in the area of Learning and Development, in February 2008.

MindTree was named among the world's top 100 outsourcing service providers by the International Association of Outsourcing Professionals 2007.

In 2007, MindTree was declared the Number 1 Most Admired Knowledge Enterprise in India by Teleos, in association with the KNOW Network.

Thu, 28 Jul 2022 12:00:00 -0500 en text/html
Killexams : Zyla Health elevates CTO Aishwary Bhaskar as Co-founder

Zyla Health, India’s highest-rated personalized care management platform that focuses on improving health outcomes, is glad to announce the elevation of Aishwary Bhaskar to a  Co-Founder. Aishwary Bhaskar joined Zyla in Mar 2019 as CTO. He has always been motivated to build something unprecedented on health-tech that is based on AI and has been spearheading the innovation & development of proprietary tech such as Athena and Lea at Zyla.

Aishwary is a Computer Science graduate and has domain experience in Machine Learning, Computer Vision, Pharmacovigilance (PV), Storage and Security. 

Under Aishwary's leadership, Zyla Health has been able to digitize lab tests and prescriptions at scale, within seconds, build a highly scalable chat platform that could cater to millions of simultaneous connections with response time ~64ms. 

According to Khushboo Aggarwal, Founder, CEO  at Zyla Health “We are in the process of launching advanced algorithms which can detect risk of certain diseases with a simple image or voice input. Aishwary is the driving force behind all the amazing tech we have been able to build. Today 1 care manager at Zyla seamlessly cares for 4000 users, a scale unheard of, made possible by the tech-led care management Aishwary and team built out. All this with a very small team in a highly agile and efficient way. I have no doubt that technology will continue to be our biggest moat and game changer for healthcare in India. Looking forward to integrating Zyla as the de-facto care layer across the ecosystem in the next leg under his leadership.” 

Aishwary has over 20 years of experience across large MNCs and startups including esteemed organisations like Genpact, Quick Heal, Symantec Corporation, BMC Software before joining Zyla. He previously co-founded MirrAR in the US, an augmented reality startup, backed by Mass Challenge and holds a patent in anti-ransomware.

“We all understand the challenges that health complications may pose but we lack the ability to see them coming and feel absolutely helpless when our loved ones are in the hospital. I wanted to build technology that could codify medical knowledge, relate it to complex longitudinal data of the user and continuously converse with the user with empathy, so that future complications could be avoided. Zyla is the perfect place for me to build out on this vision - the technology we have created is globally applicable, 100% secure, and will save millions of lives." said Aishwary.

Zyla has impacted over 500k+ lives in the last 5 years and has clocked a 3X growth in the last 12 months. Zyla Health has also partnered with leading corporate, insurance & pharma players including Aditya Birla Health Insurance, AstraZeneca, Roche, Abbott, 1mg, Paytm, Digit Insurance, Reserve Bank of India, IOCL, Jindal Steel, Varthana finance, CoinDCX, MathCompany & many others.

About Zyla Health - 

Zyla is India’s highest-rated personalised care management platform focused on improving health outcomes. Zyla enables care at scale for insurers and employers through its human-assisted AI on the 24x7 conversational Zyla app (consistently rated 4.8+). Care implemented by Zyla spans across medical, physical and mental health needs. The key differentiating factor of Zyla is that it takes a holistic, clinical approach to provide hyper-personalized and real-time patient care under an experienced team of accomplished doctors and healthcare experts.The app features an advanced AI-based chatbot, which is built on 50,000+ medical protocols with inputs from leading doctors from around the country. While the chatbot is designed to address simpler lifestyle-related queries of patients, more complex queries are escalated algorithmically to an in-house team of doctors & paramedics.

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Mon, 01 Aug 2022 21:02:00 -0500 text/html
Killexams : MindTickle Raises $40 Mn Series C Funding Round From Norwest Venture Partners

Accel, Canaan, NewView Capital and Qualcomm Ventures also participated in the round

MindTickle is a sales enablement platform for entreprises

The company says its annual recurring revenue growth is over 100% yoy

Sales SaaS platform MindTickle has raised $40 Mn Series C funding round led by Norwest Venture Partners along with the participation from existing investors such as Accel Partners, Canaan, NewView Capital and Qualcomm Ventures.

In addition to this, Scott Beechuk, partner at Norwest Venture Partners and former senior vice president of product management at Salesforce will join the MindTickle’s Board of Directors. 

“Our Series C funding will fuel our strategic, long-term growth plans while supporting ongoing investment in our expanding products and services.”said Krishna Depura, cofounder and CEO of MindTickle. 

This round brings MindTickle’s total raised amount to more than $81 Mn. Other existing investors in the company include Canaan Partners, and New Enterprise Associates.

Founded in 2011 by Krishna Depura, Nishant Mungali, Mohit Garg and Deepak Diwakar, MindTickle is a SaaS platform that focusses on improving the sales function in businesses. The Pune and San Francisco-based company claims to cut training time for salespeople who need to be kept up-to-date on new product lines. It also offers solutions for on-boarding, micro-learning, skills development and coaching to companies that have been using legacy learning management systems (LMS). 

According to Krishna, sales and service organisations are facing a perfect storm on many fronts and company representatives that are not equipped to handle complex buyer needs and competitive challenges are being left behind. 

Mindtickle is working with such companies to grow their revenue and build more brand value for their customer-facing teams, preparing them to be on message when interacting with the outside world, he added. 

The company claims to have experienced rapid growth, with the expansion of its Fortune 500 and Global 2000 customer base by 200% and increasing annual recurring revenue by more than 100% year over year. 

MindTickle clientele include names such as United Colors of Benetton, Dabur, Symantec, Phillips, Micro Focus, DexCom, Ola Cabs, Cloudera, and Nutanix, among others.

“MindTickle is successfully confronting one of the most complex issues facing today’s organisations — the ability to train and upskill customer-facing employees,” said Scott Beechuk, partner at Norwest Venture Partners. 

“As organisations continue to look beyond traditional learning management systems for new technologies to make their teams more effective in the field, we see a tremendous opportunity ahead for MindTickle to lead this movement,” he added. 

Expected to reach $1 Bn by 2020, the Indian SaaS and enterprise software market currently accounts for 9% of all software sales. DataLabs by Inc42 suggests that in the period between January 2014 and June 2018, Indian SaaS startups raised $2.79 Bn across 520 deals.

Mon, 29 Jul 2019 16:55:00 -0500 Yatti Soni en text/html
Killexams : MindTickle Doubles Valuation With $100 Mn From SoftBank, Others

MindTickle has raised $100 Mn in a mix of equity and debt funding

Norwest, Canaan, New View and Qualcomm also participated in this round

MindTickle claims to have seen a 170%-180% growth in revenue in the last one year

Sales enablement platform MindTickle has raised $100 Mn in a mix of equity and debt funding led by Japanese conglomerate SoftBank Vision Fund II at a valuation of $500 Mn. This is SoftBank India’s first investment in a Software-as-a-Services (SaaS) company.

Existing investors Norwest Venture Partners, Canaan, New View Capital and Qualcomm Ventures also participated in this round. It is looking to deploy fresh capital to expand globally and invest in product development.

MindTickle had last raised $40 Mn Series C funding from Norwest Venture Partners, Accel Partners, Canaan, NewView Capital and Qualcomm Ventures. The company was valued at $250 Mn during this round.

MindTickle Boosts Of 180% Growth In FY2020

Founded in 2011 by Krishna Depura, Nishant Mungali, Mohit Garg and Deepak Diwakar, MindTickle is a SaaS platform that focuses on improving the sales function in businesses. The Pune and San Francisco-based company claims to cut training time for salespeople who need to be kept up-to-date on new product lines.

It also offers solutions for onboarding, micro-learning, skills development and coaching to companies that have been using legacy learning management systems (LMS). Its clientele has 200 enterprise companies, including more than 40 Fortune 500 companies. Some of its clients are United Colors of Benetton, Dabur, Symantec, Phillips, Micro Focus, DexCom, Ola Cabs, Cloudera and Nutanix, among others.

MindTickle claims to have seen a 170%-180% growth in revenue in the last one year and expects to close this year with an annual recurring revenue (ARR) of $30 Mn to $40 Mn. CEO Depura added that MindTickle’s shift towards using a sales readiness platform has accelerated in the last 8-10 months.

The company’s next focus will be on providing in-depth analytics and introducing more personalised recommendations to sales teams using artificial intelligence and machine learning capabilities.

SoftBank Plans To Turn Things Around This Year

Commenting on the latest funding, Depura, cofounder and CEO of MindTickle, said, “We believe we’re at the tipping point where we’ve worked hard, the category is getting recognised and created and we can take it beyond one geography or one vertical. It was good timing because SoftBank was looking to get into SaaS businesses and we were also looking at a partner that can completely back us.”

The development comes as Softbank has decided to move away from its overflowing cash infusion strategy to writing smaller cheques. Investment Advisors’ CEO and head of vision fund Rajeev Misra recently said, “We are going early as we want to grow with the company and not be averse to a $30 Mn- $50 Mn funding round… In Vision Fund I, we would not do anything less than $100 Mn but not anymore.”

Besides this, the company has also decided to focus on enterprise, healthtech and SaaS in order to ensure the profitability of the investment firm and expand its offerings. After the blowup of WeWork last year, SoftBank Vision Fund has been in a tough spot.

When WeWork filed for its initial public offering (IPO) filing in the second half of 2019, external investors started questioning the company’s losses, business management, and most of all its “tech” aspect. The company, which was valued at $47 Bn in January 2019, was devalued to $8 Bn and SoftBank had to acquire it as a rescue act.

This led to SoftBank reporting a loss of $17.7 Bn in the fiscal year 2020, this was SoftBank’s first loss in the last 15 years. In the second quarter of FY2021, SoftBank has reported $7.6 Bn in profit for its Vision Fund.

Sun, 15 Nov 2020 19:49:00 -0600 Kritti Bhalla en text/html
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