Code42, the Insider Risk Management leader, today announced it was named to the JMP Securities Elite 80. This annual report, now in its eighth year, highlights the 80 hottest privately held cybersecurity and IT infrastructure vendors. This is the second time JMP Securities has recognized Code42 for its industry-leading Insider Risk Management (IRM) solution, Incydr, which takes a new approach to data protection. Code42 has played a defining role in developing a vision and requirements for the IRM category – now recognized by Gartner, IDC and Forrester – and is a founding member of the Insider Risk Summit and Insider Risk Community.
With the Code42® Incydr™ product, security teams can effectively mitigate data exposure and exfiltration risks without blocking legitimate collaboration. Incydr is purpose-built to help security teams effectively manage the dynamic nature of Insider Risk – that includes prioritizing and responding appropriately to the risks that matter the most. Incydr surfaces the top indicators of Insider Risk and gathers detailed security intelligence about on- and off-network file movements to both trusted and untrusted destinations.
“The cloud-based collaboration technologies our workforces rely on to share files and stay productive are the very same technologies that make it easy to expose and exfiltrate data. With Incydr, we offer a fundamentally different approach to safeguard the data that powers organizations’ innovation and growth without blocking employee collaboration,” said Joe Payne, president and CEO of Code42. “Code42’s recognition by JMP along with other leading cybersecurity companies is a testament to the work we are doing to lead the industry to protect data – IP, trade secrets, source code and customer information – in new ways.”
The Elite 80 features cybersecurity and IT infrastructure companies identified as holding a strategic position and the capability to dominate in their respective markets. JMP Securities seeks to highlight the most interesting and strategically positioned private companies in the Cybersecurity and IT infrastructure industries. The Elite 80 represents technological leaders that deliver new products, respond to changing technology, and continually demonstrate a strong operational foundation and sustainable technological differentiation.
Code42 is the Insider Risk Management leader. Native to the cloud, the Code42 Incydr solution rapidly detects data loss, leak and theft as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. The Code42 Instructor™solution helps enterprises drive secure work habits by incorporating timely, hyper-relevant Insider Risk awareness training videos to reduce risk events due to accidental and negligent end-user behaviors.
With Code42, security professionals can protect corporate data and reduce insider threats while fostering an open and collaborative culture for employees. Backed by security best practices and control requirements, the Code42 Incydr solution is FedRAMP authorized and can be configured for GDPR, HIPAA, PCI and other regulatory frameworks.Innovative organizations, including the fastest-growing security companies, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and is backed by Accel Partners, JMI Equity, NewView Capital and Split Rock Partners. Code42 was recognized by Inc. magazine as one of America’s best workplaces in 2020 and 2021. For more information, visit code42.com or join the conversation on our blog, LinkedIn, Twitter and YouTube.