Major Managed Service Provider (MSP) company selects PrivX MSP Edition as their centralized privileged access management solution for automating the management of customer environments securely. The deal value over three years is approximately EUR 0.7 million, out of which expect to recognize EUR 0.4 million in fourth quarter 2022. Deployment of the solution begins immediately.

In addition to licenses and support, the order includes installation assistance. The deal aligns with the PrivX growth strategy, where focus on the PrivX OT (Operational Technology) and PrivX MSP Editions. Customers have received both editions well, and several significant MSP customers in the EMEA region have already chosen PrivX MSP Edition to automate and improve the security posture of their customer environments.

Security and Safety:- Most cyberattacks and breaches against MSPs involve compromised passwords, user credentials, and poorly defended network components. PrivX MSP Edition monitors, protects, audits, and manages accounts accessing customers' critical data at rest, in transit, and in use. Compromising a single MSP cybersecurity could open a gateway that allows criminals to steal data or otherwise harm multiple businesses simultaneously.