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Technology

Sababa Security S.p.A.

09/28/2022 | Press release | Distributed by Public on 09/28/2022 04:02

Sixth office in Italy for Sababa Security. Opening of a new local unit in Bari dedicated to managed security and establishment of a Security Operation Center

Milan, 28 September 2022 - Sababa Security S.p.A. - a leading Italian cybersecurity operator providing an integrated and customised offer of managed products and services to protect different IT and OT environments from cyber threats, listed on Euronext Growth Milan - announces the opening of its new office in Bari - the sixth location in Italy after Milan, Genoa, Rome, Turin and Sassari - and the establishment of a Security Operation Center.

The new local unit hosts the SOC and the Managed Security Team, consisting of 10 analysts qualified in threat research, detection and response. Aimed at providing management, analysis, monitoring and protection services for the entire IT infrastructure, Sababa's experts supervise the state of security for all corporate devices, including cloud and third-party ones. From Security Monitoring to Incident Response, the team's operational scope includes SOC level 1 and 2 activities, ensuring a fast and effective response to security events, 24×7. The ultimate goal - in addition to meeting the needs of enterprise customers - is to scale SOC services for the needs of the Italian medium-sized enterprise.

Digital transformation, with different rhythms and modalities, is introducing new technology trends into companies - from big data to IoT devices and robotics - inevitably opening the door to new cyber risks and expanding the potential attack surface for businesses. At the same time, with security breaches on the rise and cyber-attacks getting more sophisticated, security solutions become more complex too, creating the conditions for an increasing outsourcing of security monitoring. Indeed, according to some research^[1], the size of the global Managed Security Services (MSS) market will more than double from $22.8 billion in 2021 to $43.7 billion by 2026.

"Faced with an ever-expanding attack surface and an ever-evolving threat landscape, corporate IT departments struggle to have full control of their infrastructure and often lack in-house resources or expertise," commented Valeria Maurogiovanni, SOC Manager at Sababa Security, "The added value of the Managed Security Team lies in the human factor. Customers don't buy technology that they have to manage and monitor, but a service delivered by a team of professionals who, with punctual SLAs, turn thousands of cyber events per second generated into a few possible incidents managed on time".

"After the opening of the local unit in Turin dedicated to offensive security and the establishment of Sababa Security Iberia, Bari represents another very important milestone for 2022," commented Alessio Aceti, CEO of Sababa Security, "It is a new step added to a very strong growth path - initiated and facilitated by the IPO - that has seen a significant structural strengthening, also and above all in terms of human resources".

^[1] Managed Security Services Market by Security Type, Service Type, Organisation Size, Vertical And Region - Global Forecast to 2026

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About Sababa Security
Sababa Security, headquartered in Milan, Rome, Turin, Bari, Sassari and Genoa - incorporated in October 2019 - is a leading Italian cyber security provider, with a significant suite of strategic products and services, not only for the security of corporate IT environments but also for the automotive sector, Industrial Cybersecurity, government institutions, law enforcement, managed to protect different IT and OT environments from threats and cybercrime by supporting the customer throughout the value chain. The company enjoys a strong reputation earned in the field and has emerged as a one stop shop with a wide range of products and services for all cybersecurity needs. Sababa has a highly experienced top management with an international orientation. Sababa's objective is to grow through internationalisation by leveraging a successful business model, developing new proprietary technologies, strengthening the organisational structure, growing through M&A operations with the acquisition of companies that offer potential synergies that can be integrated by implementing a business model that creates even more value for the company, its shareholders and its stakeholders.

Sababa Security S.p.A. is listed on Euronext Growth Milan - ISIN Code: IT0005468506

Contacts:

SABABA SECURITY S.p.A.

Giusy ACETI

CFO e Investor Relations Manager

+39 375 7320607

[email protected]

Euronext Growth Advisor

CFO SIM

Milano,

+39 02 30343.1

[email protected]