Valeo Networks Named to MSSP Alert’s Top 250 MSSPs List for 2022

Sixth-Annual List & Research Identifies Leading Managed Security Service Providers Worldwide

Rockledge, FL (September 28, 2022) – MSSP Alert, a CyberRisk Alliance resource, has named Valeo Networks to the Top 250 MSSPs list for 2022. This is the second year in a row Valeo Networks has been selected for this honor. The list and research identify and honor the top MSSPs (managed security service providers) worldwide.

The rankings are based on MSSP Alert’s 2022 readership survey combined with the site’s editorial coverage of MSSP, MDR and MSP security providers. The sixth-annual list and research track the MSSP market’s ongoing growth and evolution. “We are deeply honored to be selected for this annual list again, as we feel it validates our efforts to become the one of the largest MSSPs in the United States,” said Travis Mack, CEO, Valeo Networks. “It is rewarding to our leadership team that our hard work is being noticed.

Valeo Networks has grown tremendously the past two years, and we will continue this growth for the foreseeable future.” “MSSP Alert congratulates Valeo Networks on this year’s honor,” said Joe Panettieri, editorial director of MSSP Alert. “The MSSP Alert readership and Top 250 honorees continue to outpace the cybersecurity market worldwide.”

Highlights from the associated MSSP Alert research for 2022 include:

• MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $24 million in revenue for 2022, up 26% from 2021. The growth rate is roughly double the market average.
• Geography: Honorees are headquartered in 30 different countries.
• Profits: 90% of MSSPs surveyed expect to be profitable for fiscal year 2022, a five-point improvement from 2021.
• Security Operations Centers: 69% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 4% are reevaluating their SOC strategies.
• Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2022 include phishing (97%), vulnerability exploits (93%) and ransomware (91%).
• Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 140 different hardware, software, cloud, distribution and services vendors that assist their cybersecurity efforts.
• Key Managed Security Services Offered: MSSPs and MSPs increasingly seek out partners to deliver MDR (managed detection and response), XDR (eXtended Detection and Response), Incident Response and other key services.

Find the online list and associated report here: http://www.msspalert.com/top250.Valeo Networks has had seven acquisitions in the past two years. The company will continue looking for other acquisitions as part of its aggressive growth strategy. Valeo expects to achieve annual revenues of $50-$100 million in the next five years.

About Valeo Networks

Valeo Networks is a full-service, award-winning Managed Security Service Provider (MSSP) that serves State, County, Municipal markets; small-to-medium businesses (SMBs); and non-profit organizations. Firmly seated in the top 5% of revenue generating MSSPs nationwide—making it one of the largest MSSPs nationally—Valeo Networks provides solutions in the areas of cybersecurity, compliance, cloud, network infrastructure, and managed IT services. With over 22 years of industry experience, Valeo Networks is headquartered in Rockledge, FL, with additional locations nationwide. Learn more at www.valeonetworks.com.

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