Falanx Group Shares Climb On News Of Microsoft Partner Collaboration

(Alliance News) - Falanx Group Ltd on Wednesday said it has broken into a "major global market ...

Alliance News 13 January, 2021 | 11:01AM
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(Alliance News) - Falanx Group Ltd on Wednesday said it has broken into a "major global market segment" following a collaboration with a strategic Microsoft Corp partner which has seen its new Triarii service piloted on Microsoft's Azure Sentinel platform.

Falanx shares were up 32% at 1.26 pence each in London on Wednesday morning.

The Reading-based cyber security and strategic intelligence services provider said its new managed detection and response service Triarii has been successfully piloted on Microsoft's cloud-native security information and event manager platform Azure Sentinel.

The "Triarii for Sentinel" was developed in collaboration with an unnamed "strategic Microsoft partner" in the UK public sector.

The service provides organisations with early identification of threats and attacks, together with actionable insights and interventions.

The new service allows Falanx to target a major global market segment, including managed service providers that are heavily invested in the Microsoft Azure platform, the company said.

Falanx's Cyber division Managing Director Rick Flood said: "We are delighted with the way our Triarii platform has developed which has created significant interest and opportunities. Through the addition of Triarii for Sentinel we open up an entirely incremental market opportunity."

Falanx said its Cyber division has several partners who indicated that they and their end user customers a big users of Microsoft Azure.

"The addition of Triarii for Sentinel enables those partners and their customers to fully exploit and benefit from the Microsoft Azure Sentinel capabilities already inbuilt within their infrastructure by adding a proven and trusted Security Operations Centre service to manage the output from these tools," Falanx said.

Flood added: "We are witnessing demand for Triarii services in diverse infrastructures, but it is becoming increasingly clear that, for organisations which have opted for the simplicity of consolidating onto Microsoft or have a broad uptake of Microsoft security tools, Triarii for Sentinel is the right service."

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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