Optiv

Optiv

Cybersecurity advisory and solutions provider

About Optiv

Simplify's Rating
Why Optiv is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Cybersecurity

AI & Machine Learning

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$12M

Headquarters

Denver, Colorado

Founded

2015

Overview

Optiv helps businesses manage and reduce cyber risks by providing advisory services and solutions tailored to their specific needs. Their services cover the entire cybersecurity lifecycle, including strategy development, technology validation, and implementation of security measures. They serve nearly 6,000 clients across various industries, such as retail, manufacturing, and healthcare, ensuring that sensitive information is protected and digital systems remain secure. Unlike many competitors, Optiv focuses on customized solutions and ongoing support, adapting to the evolving cybersecurity landscape. Their goal is to empower businesses to secure their operations and prepare for future challenges, including advancements in AI, quantum computing, and IoT.

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Simplify's Take

What believers are saying

  • Increased demand for AI-driven cybersecurity enhances Optiv's market opportunities.
  • Growing interest in Zero Trust architecture expands Optiv's service offerings.
  • Rising cybersecurity budgets create a favorable market environment for Optiv.

What critics are saying

  • Increased competition from AI-driven cybersecurity firms like Secuvy.
  • Potential over-reliance on AI and machine learning technologies.
  • Challenges in integrating a growing number of cybersecurity tools.

What makes Optiv unique

  • Optiv offers comprehensive cybersecurity solutions covering the entire cybersecurity lifecycle.
  • The company focuses on tailored cybersecurity strategies aligned with client-specific goals.
  • Optiv's Future Point initiative explores emerging technologies like AI and quantum computing.

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Funding

Total Funding

$12M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
PR Newswire
Jan 23rd, 2025
Optiv Ceo Kevin Lynch Named A 'Top Consulting Firm Ceo Of 2024'

The Consulting Report Recognized Lynch for His Leadership and Contributions to Company's GrowthDENVER, Jan. 23, 2025 /PRNewswire/ -- Optiv, the cyber advisory and solutions leader, today announced Chief Executive Officer Kevin Lynch was named a Top Consulting Firm CEO of 2024 by The Consulting Report (TCR), a leading resource for corporate executives and industry leaders across all sectors

PR Newswire
Nov 13th, 2024
Secuvy Strengthens Momentum With Key Partnerships To Expand Global Access To Ai-Powered Data Security Posture Management (Dspm) Solutions

Expansive network and 100% partner-driven strategy makes critical data protection and compliance solutions easily accessible across industries and geographiesSAN FRANCISCO, Nov. 13, 2024 /PRNewswire/ -- Secuvy, a leader in AI-driven Data Security Posture Management (DSPM) solutions, is excited to announce significant expansion to its partnership ecosystem. By collaborating with leading technology providers, systems integrators, and solution partners, Secuvy is making it easier for enterprises across the globe to access critical AI-powered solutions that enhance their security posture, mitigate risks, and ensure compliance with evolving regulations.Secuvy leverages a broad network of partners to implement AI-powered cybersecurity that addreses dozens of the most critical data protection use cases, including AI-based solutions for enhanced security and compliance. This approach allows the company to scale its security posture offerings and provide tailored, industry-specific solutions that meet the unique needs of clients worldwide. As businesses increasingly prioritize AI-driven cybersecurity and risk management, Secuvy's partnerships play a crucial role in helping them navigate the complexities of today's security landscape."Our partnerships are key to delivering specific security posture management solutions, powered by AI, that have immense value to clients facing increasingly complex data security challenges," said Mike Seashols, CEO of Secuvy. "By working closely with top-tier solution providers and systems integrators, we are accelerating the availability of comprehensive AI-driven security posture solutions and making it easier for organizations to fortify their defenses, mitigate risks, and ensure compliance with global security regulations."Secuvy Expands Global Access to AI-Driven Security through Premier PartnershipsSecuvy's Data Security Posture Management platform is available through a growing network of new partners, including prominent names such as Schellman, Optiv, ePlus, Wipro, Tevora, and Cranium

IoT Now
Oct 25th, 2024
Optiv unveils AI Security Services for safe, scalable innovation

Optiv has launched its AI Security Services that enables clients to securely harness the innovation and efficiency of generative AI - leading to expedited business outcomes.

PR Newswire
Aug 21st, 2024
Optiv + Clearshark Outlines Necessary Steps To Ensure Zero Trust Compliance By Sept. 30 Deadline

Strategy is Part of Federal Government's Efforts to Safeguard Critical InfrastructureDENVER, Aug. 21, 2024 /PRNewswire/ -- Optiv + ClearShark, the leading cybersecurity and IT solutions provider for the U.S. government, stands ready to help federal agencies adopt a Zero Trust architecture strategy by the Sept. 30, 2024, compliance deadline.The Office of Management and Budget (OMB) established the end of September as the deadline for federal agencies to implement the necessary move away from perimeter-based defenses. Originally announced in 2022, the OMB mandate followed an executive order issued by President Joe Biden the previous year.The goals outlined in the memorandum from OMB align with the Cybersecurity and Infrastructure Security Agency's five Zero Trust pillars:Identity: Enterprise-managed accounts with phishing-resistant multifactor authenticationEnterprise-managed accounts with phishing-resistant multifactor authentication Devices: Consistent tracking, monitoring and inventorying of staff devicesConsistent tracking, monitoring and inventorying of staff devices Networks: Encrypted DNS requests and HTTP trafficEncrypted DNS requests and HTTP traffic Applications and Workloads: Enterprise applications tested internally and externallyEnterprise applications tested internally and externally Data: Enterprise-wide logging and information sharingOptiv + ClearShark has a history of successfully implementing Zero Trust-enabling technology and brings years of knowledge and experience helping organizations accelerate these efforts and achieve their goals.Learn more about Optiv + ClearShark's Zero Trust insights and best practices: https://www.optivclearshark.com/solutions/zero-trust"Adopting Zero Trust architectures significantly bolsters government agency security by requiring continuous verification and restricting lateral movement within networks," said Mark Modisette, senior director of Zero Trust strategy at Optiv + ClearShark. "This transition involves a comprehensive cultural and operational shift, potentially substantial investments in technology and updated training programs and documentation to meet new compliance standards."To help accomplish this, Optiv + ClearShark can help organizations:Conduct security capability reviews to look for security tool gaps and overlapDevelop vendor selection criteria where gaps may existLook for integration opportunities of current security capability investmentsEvaluate maturity and develop roadmaps to ensure capabilities are available for use case development and execution"By adopting these changes, agencies will see improvements in threat detection and response, increased automation of security processes and better resource management, leading to a more robust IT environment," Modisette added

PR Newswire
Jul 24th, 2024
Optiv Report Shows Nearly 60% Of Respondents Surveyed Increased Security Budgets As Most Organizations Report Cyber Breaches And Incidents

Cyber Pros Focusing More on AI and Machine Learning to Thwart AttacksDENVER, July 24, 2024 /PRNewswire/ -- Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations' cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.Based on an independent Ponemon Institute survey, the report reveals that 59% of respondents increased their cyber budgets year-over-year. Additionally, 63% of organizations with more than 5,000 employees had an average of $26 million allocated to cybersecurity investments in 2024.While organizations are investing in more technologies, 40% of respondents believe they have too many, hindering overall effectiveness. By contrast, only 29% feel that they have the right number of tools. This underscores the need for a strategic approach to cybersecurity investment, focusing on streamlining existing tools and ensuring a seamless technology stack integration. Artificial intelligence (AI) and machine learning (ML) capabilities are another growing focal area for cybersecurity organizations looking for ways to accelerate their threat detection, prevention and process automation capabilities to keep up with threat actors who are also using these tools.The report shows a significant rise in data breaches and security incidents, with 61% of respondents experiencing a data breach or cybersecurity incident in the past two years, and 55% of respondents experiencing four or more incidents in that timeframe. These numbers highlight the urgent need for organizations to further prioritize cybersecurity investments and strategies.Download the full report: https://www.optiv.com/insights/discover/downloads/2024-cybersecurity-threat-and-risk-management-report"Cyber incidents are not slowing down, which means organizations must work at a speed above those of the threat actors attacking their environments

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