ITWAY S.p.A. SIGNS STRATEGIC PARTNERSHIP WITH QUEST SOFTWARE
EXPECTED REVENUES OF 6 MILLION IN THREE YEARS
THE ITALIAN CYBER SECURITY MARKET IS WORTH 1.8 BILLION EUROS
Ravenna, 1 August 2023 – Itway S.p.A., continuing its growth and expansion plans, has entered into a strategic partnership with the company QUEST SOFTWARE in the field of Cyber Resiliency. QUEST SOFTWARE, also known as Quest, is a California-based software company providing cloud management, software-as-a-service, security, mobility, and backup/restore services.
The company was founded in 1987 and currently has 130,000 customers in over 100 countries, covering as many as 95% of the Fortune 500.
Itway S.p.A. forecasts revenues of Euro 6 million over the next three years operating in the Banking and Insurance, Healthcare, Energy, Education and Public Administration sectors.
Thanks to this partnership, Itway strengthens its presence in the Cyber Resiliency segment, which will have a strong acceleration thanks to the Cyber Resilience Act, where ransomware is an evident risk present in every organization. Cybersecurity is the main priority of digital investment in Italy, also thanks to the push of the PNRR and the leadership of the National Cybersecurity Agency. 67% of companies in Italy report an increase in attack attempts and 61% have correctly increased their IT security budget. Cyber risks are growing rapidly and have accelerated as a result of the digitalization of the economy and finance, with strong operational, legal and reputational impacts on companies. You need to make sure you can get your business up and running as quickly as possible, which usually means performing a gradual and flexible recovery, including clean OS recovery to minimize the risk of malware reinfection, and Itway is the expert partner that ensures this.
“There are only two types of organizations: those that have been attacked and those that don’t know yet” says Chairman & CEO G. Andrea Farina, quoting John Chambers, former CEO of Cisco who adds “The partnership agreement with segment leader QUEST SOFTWARE represents an important step in Itway‘s strategic development plan. in the field of Cyber Resiliency allowing us to enrich our Itway Security 360 ™ offer with exclusive services and unique skills with high added value. The skills of our Cyber Security teams, together with the solutions provided by QUEST SOFTWARE represent a distinctive element in the field of cyber resilience that will allow our customers to preserve company assets, enabling them to continue operating in any situation”.
“Cyber resilience today is at the heart of business resilience, because it allows companies to continue to grow, adapting, even in times of crisis. Our goal is to support and guide customers in the definition and implementation of a security and resilience strategy. Still too few customers are aware of what it means to rebuild an Active Directory forest in the event of corruption and/or unavailability following a ransomware attack.” Francesco Faenzi, Deputy Director of the Cyber Security & Resiliency BU of Itway, said: “The complex recovery process involves dozens of steps and has as a prerequisite the availability of uncompromised backups. Even more insidious if lived under pressure and with a slow restart and inevitable damage to the business. Thanks to QUEST SOFTWARE’s Recovery Manager for Active Directory, this recovery process, fully supported by Microsoft®, ensures that you can restore activity and get back to work quickly even after a disastrous ransomware attack.”
Itway – www.Itway.com
Established in Ravenna on 4 July 1996 by G. Andrea Farina, Itway S.p.A. he is the head of a group that operates in the IT sector for the design, production and distribution of technologies and solutions in the field of cybersecurity, artificial intelligence (AI), cloud computing, big data and infrastructure.
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