XM Cyber

Company Overview

Snapshot

Founded in May 2015 by Noam Erez, Boaz Gorodissky, and Tamir Pardo, XM Cyber operates with 201–500 employees. The company has raised $49 million across 3 funding rounds. In March 2023, XM Cyber acquired Confluera, a specialist in cyber attack detection and response for the cloud, to enhance its Continuous Exposure Management platform.

Business overview

XM Cyber is a global leader in attack-centric risk prioritization, also known as risk-based vulnerability management (RBVM). The company's platform enables organizations to rapidly respond to cyber risks by continuously identifying new exposures, including exploitable vulnerabilities, credentials, misconfigurations, and user activities. XM Cyber constantly simulates and prioritizes attack paths that endanger mission-critical systems, providing context-sensitive remediation options. Its technology helps eliminate a significant portion of risk by allowing IT and Security Operations to focus on critical exposures before they can be exploited, serving enterprises across various industries.

Strategic signal

In May 2023, XM Cyber announced a strategic partnership with SAP to provide comprehensive exposure management capabilities and in-depth visibility of attack surfaces to SAP customers. This collaboration is significant as it helps organizations using SAP solutions transition their data and processes to the cloud with reduced risk, enhancing resilience against attacks and improving overall security posture.

Company Intelligence Q&A

What was a significant acquisition made by XM Cyber in 2023?

In March 2023, XM Cyber acquired Confluera, a company specializing in cyber attack detection and response for the cloud. This acquisition aimed to enhance XM Cyber's Continuous Exposure Management platform with comprehensive cloud security solutions.

What strategic partnership did XM Cyber announce in May 2023?

In May 2023, XM Cyber announced a strategic partnership with SAP. This collaboration provides SAP customers with comprehensive exposure management capabilities and in-depth visibility of attack surfaces, helping them transition to cloud environments with reduced risk.

When was XM Cyber acquired and by whom?

XM Cyber was acquired by Schwarz Group in November 2021 for $700 million. The acquisition was a strategic move for Schwarz Group to enhance its IT security capabilities.

What was the outcome of the Total Economic Impact study for XM Cyber's solution?

In October 2022, a Total Economic Impact study conducted by Forrester Consulting found that XM Cyber's Attack Path Management solution delivered a 394% ROI ($11.6M net present value) for customers over a three-year period, reducing costs and improving security posture.

What was XM Cyber's growth trajectory in the first half of 2022?

In June 2022, XM Cyber's revenues in the first half of 2022 doubled its total revenues for 2021, and the number of employees increased by over 50% following its acquisition by Schwarz Group.