Ordr Announces IoT Discovery Program To Uncover Shadow IoT

Santa Clara, CA, September 22, 2020 — Ordr, the leader in security for enterprise IoT and unmanaged devices, announced the availability of the Ordr IoT Discovery Program to uncover shadow IoT devices and their corresponding risks with a turnkey solution that takes minutes to deploy. Qualified users are provided a complete kit including a cloud-managed, zero touch provisioning sensor, and a limited-duration license to the new Ordr Core software. For enterprises that need to maintain continuous, high-fidelity visibility across the entire network, the Ordr Core software subscription delivers foundational device discovery, classification, and behavior analysis as well as risk profiling functionality.

Enterprise IoT security continues to be a major concern across all industries and, with more than 25 billion internet-connected devices operating today, ZK Research predicts that number will skyrocket to 80 billion by 2025. The rapid proliferation of these connected IoT devices has simultaneously created more attack surfaces and vulnerabilities for every enterprise. Zeus Kerravala, Principal Analyst at ZK Research, said, “Every connected device is a potential attack vector, especially when deployed outside the purview of security and IT. In order to secure their devices, organizations must start with visibility into what is actually connected but most organizations don’t have the time or resources to do this manually and have had to live with the risk of not knowing what’s lurking in the shadows.”

The Ordr IoT Discovery Program is a complete kit—cloud-managed IoT sensor and Ordr Core software — to get organizations up and running within minutes, not weeks. Following zero touch provisioning and installation of the IoT sensor, device data is sent to the Ordr Cloud dashboard, making it easy for enterprises to analyze and act upon the granular, connected device insights to drive security decisions and improve operational performance. This functionality comes at no cost to enterprises for a 30-day trial period, that can then be upgraded to a paid deployment. The Ordr IoT Discovery Program is available through Ordr channel partners, including Cadre, Carousel Industries, CDW, GuidePoint Security, Logicalis, Novacoast, and The Teneo Group.

“Shadow IoT is a growing challenge for enterprises in every industry. Organizations have no idea what devices are lurking on their networks, and as IoT adoption accelerates, the problem is only going to get worse. You can’t secure what you can’t see, but Ordr’s IoT Discovery Program gives you visibility into your devices and risks so you can make informed decisions about device security and management,” said Jason Viera, CTO at Carousel Industries.

“For healthcare organizations, the ability to obtain comprehensive visibility into what’s on their network is critical not only for asset inventory, but overall patient safety as well. They need an accurate inventory of devices in the network, to track those that have been recalled, have vulnerabilities or are running aging or outdated operating systems. Ordr’s IoT Discovery Program streamlines this process,” said Tom Stafford, Healthcare Chief Technology Officer at CDW Healthcare.

Ordr Core with new zero touch provisioning capabilities enables organizations to immediately discover devices, revealing everything that is connected to the network as well as the security and management risks associated with those devices. Based on an understanding of device behaviors and risks, organizations can then enable automated actions and advanced integrations with the Ordr Premium software subscription to proactively address these risks.

“IoT management and security has traditionally been difficult without a comprehensive approach to finding, classifying, and securing those devices,” said Greg Murphy, CEO, Ordr. “With our IoT Discovery Program, new software packaging, and zero touch capabilities, every enterprise can inventory all of the devices on their network to understand granular details such as make, model, operating system, and vulnerabilities, as well as profile exactly how devices are behaving.”

To learn more about the Ordr IoT Discovery Program, get complete visibility into your IoT deployment, and uncover critical insights into the health and security of your network, visit https://ordr.net/sensor.

 

Ordr is a 2020 SINET 16 Award Winner for Cybersecurity Innovation

Santa Clara, CA, Sept 15, 2020 — Ordr, the leader in security for enterprise IoT and unmanaged devices, is a SINET 16 Innovator Award winner for 2020. Chosen from among hundreds of aspirant companies representing all emerging disciplines in network and data protection, Ordr is one of just 16 to be recognized for its IoT security platform.

SINET 16 Innovators are selected annually by a committee of more than 100 cybersecurity industry experts who evaluate applicants based on the following criteria:

  • The urgency in the marketplace for their products and solutions
  • How innovative and unique their solutions are
  • How well their products and technologies solve real and significant cybersecurity problems
  • What advantages exist over other solutions
  • The companies’ ability to succeed based on the state of their product, capital, and leadership

When announcing this year’s award winners, SINET Chairman and Founder Robert Rodriguez said, “123 companies applied from over a dozen countries, I would say that this year’s class may be the tightest in terms of competition, amazing technology and solutions.”

Rapid adoption of enterprise IoT continues apace across all industries, with more than 25 billion internet-connected devices operating today, and 80 billion in service by 2025, according to Zeus Research. Each unknown, unmanaged, and unsecure device increases an organization’s vulnerability to attack. The Ordr Systems Control Engine platform discovers all connected devices, profiles device behavior, assesses associated risks, and automates response and creation of security policies to ensure maximal protection against attack and compromise.

“Automated response and enhanced visibility is what the CISO community is prioritizing in today’s environment and is why Ordr differentiated themselves from other solution providers. It is with great pleasure to recognize Greg Murphy and his entire team for their hard work and ability to deliver strong value add to protect our nations top critical infrastructure companies,” said Robert Rodriguez, Chairman and Founder, SINET.

“You can’t protect what you can’t see, and there are a lot of connected devices hiding in the shadows of today’s enterprises,” said Greg Murphy, CEO, Ordr. “Using Ordr, our customers have found medical devices they thought lost, discovered unathorized smart assistants connected to their networks, and profiled devices calling home to places like Iran and North Korea. More to the point, using Ordr, they’ve been able to take automated action to mitigate the risks associated with such devices. We are grateful for the support of our customers and partners, and are thrilled that our groundbreaking IoT security platform has been recognized by SINET.”

Ordr will be presenting on its technology and platform at the SINET Virtual Showcase, scheduled for October 20th this year. The SINET Showcase attracts senior information security personnel and members of the public and private sector buyers, builders, investors and researchers to learn how technical innovations are addressing the most pressing needs in information security.

 

 

Ordr Releases 2020 Enterprise IoT Report Highlighting Security and Shadow IoT Threats

Santa Clara, CA, July 22, 2020 — Ordr, the leader in security for enterprise IoT and unmanaged devices, released new research into connected device adoption and risks entitled Rise of the Machines: 2020 Enterprise IoT Adoption & Risk Report. The study incorporates analysis of anonymized data from more than 5 million unmanaged, IoT, and IoMT devices in Ordr customer deployments across a variety of verticals including healthcare, life sciences, retail and manufacturing, between June 2019 and June 2020.

Ordr’s Rise of the Machines: 2020 Enterprise IoT Adoption & Risk Report identifies real-world risks across a diverse set of connected devices, reaffirming the need for a comprehensive approach to securing all devices, including discovery, classification, profiling of risks and automated segmentation.

“In some of my recent research around enterprise IoT security I’ve found that more than 51% of IT teams are unaware of what types of devices are touching their network,” said Zeus Kerravala, ZK Research. “But perhaps what is more disconcerting is that the other 49% often times find themselves guessing or using a ‘Frankenstein’d’ solution to provide visibility into their network security, which will almost always create security issues. Shadow IoT is becoming a real security challenge, as It’s not enough to have the visibility into what is touching your network, but you need a solution like Ordr’s that allows for you to resolve the issues in a scalable automated fashion.”

Among the report’s most interesting findings were the frequent discovery of consumer-grade shadow IoT devices on the network such as Amazon Alexa and Echo devices. The most notable devices discovered on the network included a Tesla and Peloton. Similar to the early days of cloud adoption, where SaaS applications were deployed without IT’s knowledge, unknown and unauthorized IoT devices are now being deployed in the enterprise, introducing a new attack surface.

Ordr also discovered Facebook and YouTube applications running on MRI and CT machines, both of which often use legacy and unsupported operating systems like Windows XP. Using medical devices to surf the web puts the organization at a higher risk of falling victim to a ransomware and other malware attacks.

“We found a staggering number of vulnerabilities and risks concerning connected devices,” said Ordr CEO Greg Murphy. “To truly realize the potential of IoT, security is paramount. As more IoT devices are deployed, security and risk decision makers need to not only gain visibility into what is connecting to their network, but also understand how it is behaving.”

Additional Ordr findings from these deployments include:

  • 15-19 percent had IoT devices running on legacy operating systems Windows 7 (or older). Since it is often not economical to take these critical systems out of service, these devices need to be properly segmented.
  • 20 percent had PCI-DSS violations where IoT devices with credit card information were on the same subnet or VLAN as a tablet, printer, copier, or video surveillance camera.
  • 86 percent of healthcare deployments had more than 10 FDA recalls against their medical IoT devices, meaning the medical device is defective, poses a health risk, or both.
  • 95 percent of healthcare deployments had Amazon Alexa and Echo devices active in their environment alongside other hospital surveillance equipment. Voice assistants can unknowingly eavesdrop and record conversations and may put the organization at risk of a HIPAA violation.
  • 75 percent of healthcare deployments had VLAN violations where medical devices were connected to the same VLAN and subnet as other non-medical devices.

There are real risks and threats posed by IoT, IoMT, and other connected devices if not accounted for and properly managed. As many analysts  , there is no sign of the slowing of adoption of IoT devices in the workplace, so security needs to be prioritized. Ordr enables organizations to discover and safeguard the universe of connected devices in their environment today.

For additional findings and details, Rise of the Machines: 2020 Enterprise IoT Adoption & Risk Report can be downloaded in its entirety here.

Ordr Brings its Leading Device Visibility and Security Platform to Check Point Software Technologies’ Customers through the IoT Protect Discovery Program

Santa Clara, CA, July 17, 2020 – Ordr, the leader in security for unmanaged devices and enterprise Internet of Things (IoT), today announced an expanded partnership with Check Point Software Technologies Ltd. and availability of its products on the Check Point Global Price List.

Ordr Systems Control Engine (SCE) automatically discovers, classifies, and behaviorally profiles IoT, IoMT, operational technology (OT), and unmanaged devices connected to enterprise networks, addressing one of today’s largest visibility and security gaps. At CPX 2020, Ordr launched its advanced integration with the Check Point IoT Protect Security solution. Uniquely, Ordr dynamically provides IoT device details and segmentation policies. That information is sent to Check Point’s advanced IoT Protect Manager for finalization and enforcement through Check Point’s Quantum Security Gateways™. The resulting security policies ensure IoT devices communicate only with approved destinations and services, eliminating the tedious work to manually define, tune and maintain segmentation policies.

Today’s announcement by Check Point expands that relationship, making Ordr’s advanced capabilities available to its customer and partner community through a listing on Check Point’s price list.

“We are excited to bring Ordr SCE to our customers as part of Check Point’s IoT Protect Discovery program,” said Russ Schafer, Head of Product Marketing at Check Point. “The combination of Ordr’s Systems Control Engine and Check Point’s IoT Protect threat prevention solution provides our healthcare customers the visibility, security, and automation to protect networks from emerging IoT threats.”

As a channel-first, channel-focused company since inception, Ordr is particularly excited to engage Check Point partners, enabling them to expand the breadth, depth, and strategic importance of Check Point solutions to their customers. “Gartner Research predicts IoT security to be a $3.1B market in 2021,” said Eric Berkman, Senior Director of Worldwide Channels for Ordr. “Ordr SCE’s ability to not just alert on potential issues, but proactively segment and enforce policies for IoT devices using Check Point Security Gateways and Next Generation Firewalls means channel partners can open a meaningful new strategic dialog with their existing customers in a rapidly growing, critically-important market.”

Benefits of combining the Check Point and Ordr solutions include:

  • Automatic discovery and classification of IoT, IoMT and OT devices
  • Direct integration of device context into the Check Point IoT Protect Manager, including asset type, make and model, OS version and risk information
  • Use of Check Point’s advanced APIs to automatically send Ordr Zero Trust segmentation policies to the Check Point IoT Protect Manager for distribution to Check Point’s Quantum Security Gateways™
  • Automatic updates of Check Point’s Quantum Security Gateways™ with current device IP information, regardless of network location or dynamic addressing
  • Dynamic generation of firewall zoning policies directly into Check Point IoT Protect Manager , allowing for protection and control of the IoT and OT environment within minutes

The Ordr SCE solution for Check Point is available today. For more information, visit https://ordr.net/checkpoint, or contact your Check Point representative or channel partner.

Ordr Redefines IoMT and Enterprise IoT Security with Broader, Deeper Classification and Insights

Santa Clara, CA, July 1, 2020 — Ordr, the leader in security for enterprise IoT and unmanaged devices, today announced new capabilities in the company’s Systems Control Engine (SCE) 7.2 software. This release further extends IoT and unmanaged device visibility and classification, enabling organizations to monitor for risks and proactively strengthen infrastructure via automated segmentation policy generation and enforcement. Enhanced analytics also provide organizations with insights into device utilization to inform budgetary and maintenance decisions, allowing for better management of capital resources. The 7.2 release also addresses and mitigates risks from Ripple20 vulnerabilities.

IDC predicts that there will be 41.5 billion connected IoT devices by 2025. The diversity of IP-enabled devices includes everything from vending machines and printers, to mission-critical MRI machines and security cameras. However, these devices can be difficult to secure as they often run old or obsolete operating systems, cannot support corporate endpoint security agents, or cannot be taken offline to be patched. Device ownership and utility is split among diverse groups, which exacerbates this problem as most organizations are not aware of all of the devices connected to the network. These challenges underscore the need for a platform that brings together IT, Security, and IoT Operational owners.

“With this latest version of the Ordr Systems Control Engine, we are further delivering on our promise of providing the most comprehensive enterprise IoT security platform in the market,” said Gnanaprakasam Pandian, co-founder and Chief Product Officer, Ordr. “We’ve expanded our device classification capabilities, enriched our device insights, and extended our integrations. Networking teams, security teams, lines of business owners, facilities teams, and IoT device owners can standardize on the Ordr platform while addressing specific IoT device security needs.”

Ordr SCE discovers every connected device, maps communications patterns, and assesses risks. Based on sanctioned device communications patterns, segmentation policies can be created and enforced across networking and security infrastructure to isolate mission-critical devices – those that share protected confidential information or run vulnerable operating systems. Ordr SCE allows for an agentless deployment, which can be delivered at scale via the cloud or as an on-premise solution.

“Vulnerabilities such as the recently discovered Ripple20 reinforce the challenges organizations face with connected IoT and OT devices. In response, we’ve incorporated a Ripple20 active scanner into the Ordr SCE to help organizations accurately identify, or verify, if a device is at risk. We can also detect exploits of Ripple20 and isolate impacted devices,” said Jeff Horne, CSO, Ordr. “These continuing threats validate the need for proactive protection based on rich visibility into the behavior of connected devices to combat current and future vulnerabilities.”

Key highlights of Ordr SCE 7.2 include:

Broader and Deeper Visibility and Classification for Internet of Medical Things (IoMT)

Ordr further extends its understanding of millions of IoMT devices. SCE 7.2 adds visibility and context for critical medical devices – such as        blood analyzers, patient monitors, protocol analyzers – as well as unmanaged endpoints and workstations, including those that may be deployed  behind existing network gateways.

New Visibility and Classification for Building Automation and Control Systems

Facilities managers in enterprises including healthcare, manufacturing, and retail organizations have adopted IoT for physical security of critical infrastructure, energy efficiency, and employees’ comfort and convenience. These controllers manage access, energy, and environmental air quality, which are critical to business operations. SCE 7.2 adds support for smart building systems including Honeywell, Johnson, Tridium, and Lutron BACnet controllers to ensure facilities teams can operate state of the art systems without compromising security.

Enhanced Device Insights

IT and OT teams need access to rich device insights to identify underutilized high-capital equipment, to ensure the longevity of certain devices, or to address compliance. SCE 7.2 enhances the solution’s already strong device and utilization insights:

  • Device utilization – During the COVID-19 surge, customers used Ordr to identify and quickly repurpose underutilized devices and track high demand devices such as ventilators. In this release, Ordr enables enhanced utilization insights for additional devices such as Hospira, Braun, and Smiths Medical infusion pumps.
  • Device user mapping – Ordr can extract the latest authentication information via Active Directory/LDAP, WinRM/WMI, and Kerberos to identify device users. Such information is critical to locate devices associated with a specific owner or to identify the most recent authenticated login during a security incident.

Extended list of integrations

Ordr has one of the most comprehensive sets of product integrations in the market. Ordr provides value to networking, security and device owners via built-in integrations that can mitigate organizational risks and increase efficiency. Integrations in this release include:

    • Discovery: Computer maintenance management systems (CMMS) including enhanced integration with Nuvolo.
    • Risk: Vulnerability management solutions such as Rapid7 and Tenable to inform an overall risk posture but also enable vulnerability identification in networks with sensitive devices that cannot withstand active scans.
    • IT and SecOps: Security operations center (SOC) and IT service management (ITSM) tools such as Splunk, ServiceNow and LogRhythm.
    • Networking and Infrastructure: Check Point, Palo Alto Networks, Cisco ISE, Aruba ClearPass, and Infoblox.
    • Additional information can be found in the latest Integrations Overview.

Ripple20 solution1

JSOF recently published information on 19 vulnerabilities they found in the Treck TCP/IP software used by many device manufacturers. Ordr SCE can detect devices impacted using a built-in Ripple20 scanner, and active exploitation using the Ordr intrusion detection engine. Ordr then proactively isolates impacted devices by dynamically generating policies and enforcing them on network devices or next-generation firewalls. For more information on how Ordr can help detect and mitigate these vulnerabilities, see the latest Ordr Security Bulletin.

[1]Available in 7.2.R5, 7.2.R6 and 7.2.R7 releases.

Ordr Expands Global Partner Program for Enterprise IoT Security

Santa Clara, CA, May 12, 2020 — Ordr, the leader in security for unmanaged devices and enterprise Internet of Things (IoT), today announced the global expansion of its channel partner program, providing significant opportunities for authorized resellers, assessment partners, and managed service providers around the world.

From its inception, Ordr has been channel-focused, developing and investing in programs to meet the business and revenue needs of its partners amid global growth in IoT adoption, and the corresponding need to manage and secure internet-connected devices. Today’s expansion reflects the success of those investments and the positive response from enterprises and resellers around the world.

Led by Eric Berkman, Senior Director of Worldwide Channel, the Ordr Global Partner Program is an invitation-based program with maximum flexibility for a variety of partner business models. The program provides support for referral selling, authorized resellers, assessment partners, and managed service providers. Ongoing technical and sales training, joint solution development and selling, multi-vendor infrastructure integrations, and field marketing support are all available to authorized partners accepted into the program. Comprehensive channel support includes plug-and-play demo kits, sales and technical training, joint sales and marketing, account protection, and generous referral compensation. Additionally, the program offers a chance for partners to become Ordr Professional Services subcontractors.

“As a global leader in security and IoT solutions, Logicalis is proud of our strong track record of providing our customers with the right solutions to meet their business requirements. To maintain this leadership, it’s imperative that we continue to expand our portfolio with superior products from the right partners,” said Ron Temske, Vice President of Cybersecurity, Network and Modern Workplace Solutions at Logicalis. “The exponential growth in IoT is driving an enterprise transformation in network and security requirements for all of our customers, and Ordr’s solution is superior in its ability to identify and automate policy control of devices across the enterprise, while seamlessly integrating with other offerings in our portfolio. Additionally, Ordr has demonstrated a commitment to the channel from the beginning, investing time and resources to focus on our continued success.”

Talus Solutions, another charter member of the Ordr partner community, has worked closely with the company to bring the value of the Ordr solution to healthcare organizations across North America. Their success in helping the company achieve an Innovative Technology Seal award from Vizient’s member community, combined with their comprehensive medical device and IoT security solutions consultative approach, made Talus the clear choice to be named Ordr 2019 Reseller of the Year.

“There is a clear and unquestionable need for increased visibility and security for connected medical and general enterprise devices for all healthcare organizations,” said Mike Grall, President and CEO of Talus Solutions. “Adding Ordr to our portfolio has enhanced our ability to offer an end-to-end protection solution so healthcare organizations of all sizes can continue their expansion of critical IoT and Internet of Medical Things (IoMT) infrastructure without compromising security or over-taxing IT resources. Ordr’s visionary medical device utilization capability that brings true ROI for healthcare organizations further validated our decision to bring this solution to market.”

GuidePoint Security, Novacoast, NWN, and Carousel all recently joined the Ordr Global Partner Program, as have distributors throughout Europe, Asia, and the Middle East.

“Ordr has always been hyper-focused on the success of our channel partnerships and the opportunities we can create together,” said Greg Murphy, CEO of Ordr. “Our global channel program has grown significantly and organically thanks to the success of our partners who understand that providing visibility into what IoT devices are connected to their customers’ networks is crucial. Significantly, the most successful partner organizations also understand that the key value that Ordr provides which others cannot is the ability to protect their customer environments by automatically implementing security policies and enforcement based on that visibility.”

For more information on the Ordr Global Partner Program, please visit https://ordr.net/partners/channel.

 

Ordr Expands NIST FIPS 140-2 Validated Product Offerings

Santa Clara, CA, April 29, 2020 — Ordr, the leader in visibility and security for agentless, unmanaged devices and enterprise Internet of Things (IoT), today announced it has significantly expanded its NIST FIPS 140-2 Validated product offerings. Ordr is the first next-generation IoT security platform attaining NIST FIPS validation.

Ordr products, including on-premises and cloud-based options, now offer FIPS 140-2 Validated cryptography in compliance with U.S. laws and meet certification requirements for use of cryptography by the U.S. government for sensitive but unclassified data. In addition, Ordr also announced the appointment of Mike Raymond as head of its federal sales division.

The U.S. federal government is required to restrict technology procurements to products that use FIPS 140-2 Validated encryption. Aligning with the U.S. federal government’s NIST Risk Management Framework, the Ordr Systems Control Engine (SCE) can be securely deployed by federal agencies, including contracted service providers and other organizations requiring stringent security standards.

“Federal government agencies are updating and expanding their IT networks and need to ensure that all unmanaged and IoT devices are automatically identified and secured. We’ve built the most comprehensive best-in-class platform to discover and secure these connected devices – from discovery and classification to risk identification and dynamic segmentation,” said Greg Murphy, CEO of Ordr. “We are committed to our U.S. federal government customers not only in delivering the quickest time-to-value for IoT device security but also addressing their encryption requirements via this expanded validation.”

“Organizations deploying the Ordr Systems Control Engine benefit not only from the unparalleled fidelity of our device classification, but also our ability to quickly identify at-risk devices and segment them with operational efficiency. As the federal sector works to modernize many of its infrastructure components using cloud-smart approaches, they have the flexibility between Ordr’s on-premises or public cloud-based solutions,” said Mike Raymond, Federal Sales Manager at Ordr. “Ordr’s deep networking and security experience, along with a robust ecosystem of integration solutions, also allows for easy implementation and simplified management for federal customers.”

Mr. Raymond has over 25 years of experience working with the federal government and its agencies to secure their most valuable assets. In his new role, he will lead Ordr’s Federal program based out of Washington D.C. Previously, he was the Vice President of East and Federal Sales at A10 Networks. He has held multiple leadership and individual contributor positions with Riverbed, Cisco, and IBM.

For more information about the Ordr solution for governments, please visit https://ordr.net/solutions/government.

Ordr Appoints Enterprise Security Veterans to Executive Bench

Ordr, the leader in security for unmanaged devices and enterprise Internet of Things (IoT), today announced the appointment of Jeff Horne as Chief Security Officer (CSO), Danelle Au as Chief Marketing Officer (CMO), and Ratnesh Saxena as VP of Product Management. Today’s news comes on the heels of recent funding from Kaiser Permanente Ventures and The Mayo Clinic.

All three leadership positions are firsts for Ordr as the company continues rapidly expanding to meet customer and partner demand since launching its Systems Control Engine in February 2019. Organizations across all industries are entrusting Ordr to meet the complex security challenges presented by unmanaged devices and IoT.

“It’s time for enterprises to mature their IoT security strategy by allocating the resources needed to discover devices and secure them, which is necessary to reduce the risk of business compromises,” said Jeff Horne, CSO of Ordr. “Finding the right solution is challenging since the majority of enterprise IoT security products only offer visibility into potential threats but the Ordr solution goes beyond that by dynamically creating and deploying segmentation policies.”

“Gartner has predicted there will be 20 billion IoT devices around the globe this year[1] and worldwide spending on IoT security is expected to reach $3.1 billion in 2021.[2] Ordr was built to address this growing market and to help enterprises deploy the most effective unmanaged device and IoT security strategy,” said Greg Murphy, CEO of Ordr. “Since the company was founded five years ago, our network-centric approach has been validated by the success of our partners and customers, our subsequent growth and funding, and now by attracting seasoned enterprise security leaders to join our team.”

Additional background and experience on each of the new leadership hires includes:

  • Jeff Horne, CSO, joins the company from Blacklined where he was CIO and CISO. Jeff is also currently a Member of the Review Board at Black Hat. He has over twenty years of experience in the security sector with a background in reverse engineering, exploitation, and malware research.
  • Danelle Au, CMO, comes to Ordr from Blue Hexagon where she was CMO. She has more than twenty years of experience building world-class marketing teams and establishing new market categories. She previously served as a VP of Marketing at SafeBreach and Adallom (acquired by Microsoft).
  • Ratnesh Saxena, VP of Product Management, joins the team from McAfee where he was a Senior Director of Product Management and previously held leadership positions at Intel and Cisco. His expertise lies in setting product strategy to launch highly-differentiated security products in fast-growing, competitive markets.

The Ordr solution has been adopted by enterprise organizations in multiple industries across the globe, driving nearly 1,000 percent growth in annual recurring revenue and a more than 400 percent increase in enterprise customers over the past 12 months.

[1] Source: Gartner, ‘Preserve Privacy When Initiating Your IoT Strategy’ (updated December 2019)

[2] Source: Gartner, ‘Gartner Says Worldwide IoT Security Spending Will Reach $1.5 Billion in 2018’ (March 21, 2018)

Kaiser Permanente Ventures and Mayo Clinic Invest in Ordr

Ordr, the leader in security for enterprise IoT and unmanaged devices, today announced funding from Mayo Clinic and Kaiser Permanente Ventures. The additional funding comes after the company announced its Series B this past December. The company has now raised approximately $50 million. The additional investment validates the company’s strategy of delivering security software to organizations that are implementing preventative security programs for their enterprise IoT and unmanaged devices.

 

A recent Markets and Markets report identified that the global IoT security market is expected to grow from $8.2 billion in 2018 to $35.2 billion by 2023. New and dynamic cyber threats to critical infrastructure have become a reality causing enterprises across all industries to take a more real-time, proactive approach to securing IoT devices and other unmanaged devices that touch their networks.

 

According to IDC, health-related technology is projected to make up 40 percent of the IoT market during this year. Globally, 60 percent of healthcare organizations have already introduced IoT connected devices in their facilities. “The number of IoT devices is rapidly expanding across all industries and with it the potential for data breaches. It is critical for healthcare organizations to be proactive in securing such devices and the network on which they operate, to protect the patients who depend on them,” said Daniel van den Bergh, Principal at Kaiser Permanente Ventures. “Ordr has developed a powerful platform that leverages machine learning and behavioral analytics to protect IoT devices automatically, preemptively, and at scale across the enterprise.”

 

The Ordr solution has been adopted by enterprise organizations in multiple industries across the globe, driving nearly 1,000 percent growth in annual recurring revenue and a more than 400 percent increase in enterprise customers over the past 12 months. “We hear from organizations in all industries that they hardly know where to start in securing their IoT and other unmanaged devices,” said Greg Murphy, CEO of Ordr. “The first step is discovering and classifying all these connected devices and understanding how they communicate. Once the devices have been identified, the critical step is to create policies and proactively secure the network, without software agents. That is what is missing from the vast majority of IoT security solutions on the market today.”

Ordr Raises $27.5 Million Series B Funding Round Led by Battery Ventures to Deliver Proactive Protection for the Hyper-Connected Enterprise

Ordr, the leader in proactive protection for the hyper-connected enterprise, today announced it has closed a $27.5 million Series B funding round led by Battery Ventures, with additional participation from existing investors Wing Venture Capital, 1011 Ventures, and Unusual Ventures. The investment will further Ordr’s leadership position as an innovative and accessible solution for regulating and securing every class of network-connected device, giving enterprise organizations the power to more effectively protect their environments. Battery Ventures General Partner Dharmesh Thakker will join the Ordr board of directors.

The explosion of Internet of Things (IoT) devices in the enterprise—spawned by companies’ broader drive toward digital transformation—has delivered many business benefits, but has also created new security vulnerabilities and a broader attack surface for potential bad actors.  Gartner expects the total installed base of IoT devices across business spending centers to reach roughly 20.4 billion by 2020. What’s more, “twenty percent of organizations say they’ve held back from deploying IoT due to security concerns,” says Johna Till Johnson, CEO of Nemertes Research. “Yet Nemertes’ data shows that companies generate on average $2.5 million in new revenue, $1.25 million in saved costs, and 36% in business process improvement per successful IoT project—indicating that it’s worth the effort to surmount these security concerns.”

Ordr will use the new investment to aggressively expand its go-to-market activities worldwide, including growing its enterprise sales teams and recruiting top-tier partners. The company will also raise market awareness of its unique touchless approach to proactive protection within the enterprise, and to accelerate the ongoing development of the Ordr Systems Control Engine (SCE). Ordr’s technology fully maps every device across the enterprise, using machine learning to completely and continuously inspect and baseline the behavior of every connected device.

Today, most enterprises aren’t properly regulating all of the connected devices they’re using—and may not even be aware many of them exist. Ordr uses its comprehensive understanding of device behavior to automatically generate policies to protect these devices and other critical enterprise assets.

“It’s becoming increasingly critical that enterprise organizations properly protect network-connected devices, and the network itself, from potentially nefarious activity,” said Greg Murphy, CEO of Ordr. “For far too long, these organizations have been in a reactive mode, using tools that provide only basic visibility, responding to device vulnerabilities as they are discovered. In our view, enterprises must be proactive, ensuring that their most mission-critical assets and business functions are always protected.”

“The number of devices connecting to enterprise networks will increase exponentially in the coming years, posing a clear risk to critical assets,” said Battery’s Dharmesh Thakker. “We believe Ordr is uniquely positioned to protect these assets proactively, compared with other solutions that are more reactive and only identify problems after they happen. Ordr’s approach has been validated by its rapid adoption by leading enterprise organizations worldwide. We are excited to partner with the top-notch Ordr management team and assist with the company’s further growth and innovation.”

Thakker added that Ordr’s management team has deep experience in networking and network security: CEO Murphy, the company co-founders Gnanaprakasam Pandian and Sheausong Yang, and company Chairman Dominic Orr recently held senior leadership roles at Aruba Networks.

The Ordr solution has been adopted by enterprise organizations in multiple industries across the globe, driving nearly 1,000% growth in annual recurring revenue and a more than 400% increase in enterprise customers over the past 12 months.