MINNEAPOLIS, Oct. 6, 2016 /PRNewswire/ -- Great Bay Software, a leader in Endpoint and IoT connection security today announced that it has been identified as a representative vendor in the Gartner "Market Guide for IoT Security" report. Great Bay Software was named in the Real-Time Visibility and Control category. More than 20 billion new IoT devices are expected to connect to enterprise networks over the next 5 years. Great Bay's Beacon solution helps enterprises protect against the growing threat posed by minimal built-in IoT device security.
"Three eclectic types of product vendors are emerging for securing IoT: embedded trust; device identity and key/credential management; and real-time visibility and control. Low complexity in IoT deployment, flexibility of IoT security controls, ease of integration and competitive product pricing are the main selection criteria for IoT security and risk management leaders," said Gartner analysts Saniye Burcu Alaybeyi, Earl Perkins, and Ruggero Contu.*
For over a decade, Great Bay Software's Beacon product has helped some of the largest global enterprises discover, onboard, monitor and enforce access policies across every managed, unmanaged and IoT device connected to their networks. Beacon's agentless and vendor-agnostic approach makes it easy to deploy and manage for enterprises of all sizes. Beacon's artificial intelligence expert system-based profiling engine ingests and correlates hundreds of endpoint or device attributes across dozens of data sources to build a rich Warehouse of Context™ on every endpoint. Many Great Bay customers consider this rich historical context to be the "source of truth" on every endpoint and leverage it to enhance device security posture, automate asset inventory, accelerate troubleshooting and incidence response, and address regulatory compliance.
"Gartner predicts that by 2020, over 25% of identified attacks in enterprises will involve IoT, though IoT will account for less than 10% of IT security budgets**," said Manish Rai, Vice President of Marketing and Product Management at Great Bay Software. "We believe being named by Gartner as a representative vendor in IoT Security reinforces our solution's value in protecting our customers against this rapidly growing threat."
* Gartner: Market Guide for IoT Security, 3 October 2016
** Gartner: Predicts 2016: Security for the Internet of Things, 9 December 2015
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About Great Bay Software
Great Bay Software provides organizations complete real-time visibility and control over all devices on the most complex of global networks. Great Bay Software's Warehouse of Context™ serves as the industry's richest repository of real-time and historical information on all managed and unmanaged endpoints. Security and IT operations teams use Great Bay's easy-to-deploy, agentless solution to continuously discover, monitor and enforce access policies on every endpoint, which is critical given that two-thirds of an organization's devices, which include printers, fax machines and the Internet of Things, are typically unmanaged. Great Bay's unprecedented speed, scale and simplicity give organizations the power to more effectively protect against modern-day threats, simplify regulatory compliance and streamline operations. For more information about Great Bay Software visit www.greatbaysoftware.com.
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SOURCE Great Bay Software