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Third annual report analyzes 2021 MSP security trends; Issues predictions and recommendations for 2022

ConnectWise, the world’s leading software company dedicated to the success of IT solution providers, today announced the release of its 2022 ConnectWise MSP Threat Report - the MSP industry’s most comprehensive guide focused on cybersecurity. In its third year, the report includes analysis of major MSP-related security events and trends from 2021 and top predictions for 2022, including a continued rise in MSP-focused ransomware attacks and increased cooperation among governments to combat cybercrime.

 Company rises to a $1.7B valuation; funding will provide capital to accelerate innovation and continued expansion into new markets

DENVER, CO (April 11, 2022) – Pax8, the leading cloud commerce marketplace, today announced it has raised $185 million in new equity capital from new investor SoftBank Vision Fund 2, increasing the company’s valuation to $1.7 billion. SoftBank Vision Fund led the funding series with additional contributions from existing investors Catalyst Investors, Sageview Capital, Blue Cloud Ventures, and Liberty Global Ventures. As part of the transaction, Kristin Bannon, Investment Director at SoftBank Investment Advisers, will be named to the Pax8 Board of Directors.

CYTRACOM Announces Network Security Platform for Modern MSPs Managing a Distributed Workforce

Dallas, TX – March 29, 2022 – CYTRACOM today announced ControlOne. Available exclusively to channel partners in the U.S. and Canada, the Control One cloud-based, secure network platform unifies connectivity and security with unrivaled simplicity and transforms how MSPs build, manage, and secure modern cloud networks. 

Park Place Technologies, the leading global data center and networking optimization firm, has acquired Reliant Technology, a third-party maintenance, support and hardware provider based in Atlanta, Georgia. The acquisition will provide more products and services to Reliant Technology’s large client base.

Reliant Technology, founded in 2007 by current CEO and sole owner Reid Smith-Vaniz, offers third-party maintenance and support for storage, network, and server devices. The business supports all major OEM brands and serves nearly 500 clients in North America, Africa, Europe and Asia.

Channel veteran, Jeff Benedetti, joined Titan HQ to lead the North American sales and go-to-market efforts as they continue to expand their presence.  TitanHQ is a web filtering, email filtering and email archiving SaaS business. Benedetti comes to Titan HQ with almost two decades of successful sales and go-to-market leadership experience in security and technology markets.

AvePoint Unveils a new application to increase control and visibility across Microsoft 365 tenants, making it easier for businesses to manage admin users, processes, and gain new insights.

ConnectWise expanded collaboration with Inte this month to help MSPs boost threat detection and response to reduce the crippling effects of ransomware and cryptojacking attacks for small and medium-sized businesses. ConnectWise will integrate Intel TDT technology within the Remote Monitoring and Management (RMM) software agent to allow RMM to identify and respond to security incidents rapidly. It’s a sign of ConnectWise’s commitment and focus on security and its mission to provide MSPs with market-leading security capabilities even from within non-security solutions.

Security is of critical importance to MSPs and their SMB customers. According to a 2021 study, just over half - 52% - of SMBs experienced a cyberattack last year. While SMBs are in the crosshairs, businesses of all sizes are vulnerable to unauthorized cryptominers and ransomware attacks and the devastating impact of malware spreading from one infected machine to another. 

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Axcient, a leader in business availability software for Managed Service Providers (MSPs), today unveiled the enhanced Axcient Partner Program (APP), designed to make it simple to use and access, and includes a flexible platform that serves as a gateway to a range of benefits. Categorized in Silver, Gold, and Platinum tiers, benefits scale as partner grow their business with Axcient.

In February ConnectWise announced the formation of four Innovation Business Units led by general managers and the appointment of a new chief information security officer to speed innovation and improve partner experience.

TAMPA, Fla., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Service Leadership, Inc., the premier, data-driven managed services provider (MSP) benchmarking and best practices firm and a ConnectWise solution, today announced an expanded partnership with Sea-Level Operations, a leading education firm that provides world-class coaching, education, and resources, and a Pax8 company, to offer Service Leadership-certified business coaching to help ConnectWise partners mature and grow their businesses.

Park Place Technologies has strengthened its software portfolio with the purchase of Congruity360’s Storfirst software platform today. Storfirst is the industry’s most secure, OEM- and platform-agnostic (cloud, hybrid cloud and on-prem) file system migration and information management software. Storfirst allows customers to manage the movement of their data from production servers to disaster recovery servers, on-prem and to the cloud; the software enables customers to control the movement of all file data. 

With COVID-19 continuing to make the future of in-person events unclear, ConnectWise needed a solution that would allow them to stay engaged with its partners year-round. Today, ConnectWise

announced the launch of ConnectWise Virtual Community, an online network that will connect partners to their peers as well as to ConnectWise product and education experts and executives.