EDR Supply Node Count Grows 57% Year-on-Year in First Half of This Year
Securing Key Industry References to Lead the EDR Market
Actively Responding to Intelligent Cyber Threats... Establishing Next-Generation Information Security Leadership
[Asia Economy Reporter Hyungsoo Park] Unified security platform company Genieons announced on the 20th that it has secured the largest number of EDR customers in Korea.
Since introducing the first domestically developed EDR solution, 'Genians Insights E,' in 2017, Genieons has secured the market by winning the NH Nonghyup Bank EDR project and establishing major references in the public and financial sectors.
This year, Genieons has secured three new references in the financial sector, including Gwangju Bank and DB Insurance. It has supplied EDR to numerous public institutions such as central government ministries, local governments, and public corporations. As of the first half of this year, the number of EDR supply nodes increased by 57% compared to the same period last year. The company is also growing qualitatively through expansion demands from existing clients, win-backs from foreign solutions, and winning main projects following successful pilot projects.
Demand for EDR products, including endpoint visibility, detection of new and variant malware and abnormal behaviors, and threat path identification, is increasing. EDR is also gaining attention as an alternative for securing remote work environments. So far, antivirus solutions are the only products installed on endpoints to enhance security for remote workers. Since EDR can monitor abnormal behaviors and file flows, leading companies are increasingly considering EDR to strengthen remote work security.
Genieons plans to expand the market by presenting an EDR roadmap based on market and customer demands, leveraging its consecutive wins of key projects with market influence. The company aims to strengthen its image as the No.1 EDR company by expanding its presence in the high-end market and securing expansion demands from government ministries, large corporate groups, new demands from the primary financial sector, and major references in the secondary financial sector.
Through a subscription-based service model where customers pay according to usage, Genieons has secured stable revenue. It is enhancing its status as a sustainable company and becoming a trusted enterprise for customers and investors.
Lee Dongbeom, CEO of Genieons, said, "The greatest competitiveness of Genieons' EDR solution lies in developing together with customers based on market demands. We will solidify our competitiveness in the next-generation security market with global-level technology that detects threats such as intelligent attacks and ransomware, and tracks signs and progress of attacks."
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