Dubai, United Arab Emirates – In a recent development, Concentric AI, a provider specializing in SaaS-based data security and access governance solutions, has announced a strategic partnership with TRINEXIA. This collaboration aims to address the increasing market demands in the Middle East and India.
The partnership emerges against a backdrop of growing security concerns in these rapidly developing economies. A report from Concentric AI suggests that 83% of sensitive data in companies is at risk due to being overshared. Additionally, citing IBM’s Cost of a Data Breach report from 2023, the financial repercussions of data breaches are considerable, with an estimated cost of $155 to $175 per compromised record.
The partnership’s focus is on critical data management queries, concerning the nature, location, and accessibility of data. With the proliferation of shadow IT and excessive data sharing, these questions become imperative for securing corporate data.
Karthik Krishnan, CEO of Concentric AI, stated that the complexity of modern infrastructures necessitates a robust understanding of data management. Concentric AI’s Semantic Intelligence™, powered by AI, is designed to tackle these challenges. Through this partnership, TRINEXIA will distribute Concentric AI’s Semantic Intelligence DSPM solution to enhance data security for various industries in the target regions.
TRINEXIA, with its specialization in Governance, Risk, and Compliance (GRC) services, will be the driving force in distributing Concentric AI’s technology. The collaboration is set to bolster sectors such as Financial Services, Healthcare, Energy, and Manufacturing with sophisticated security solutions.
Laurence Elbana, Director – Europe, Middle East & India at TRINEXIA, expressed enthusiasm about the integration of Concentric AI into their cybersecurity offerings, foreseeing an improvement in data security for businesses of all sizes. Elbana highlighted the compatibility of Concentric AI’s solutions with regional regulatory and compliance standards, underscoring a commitment to ethical conduct and data integrity.
The partnership anticipates comprehensive training for resellers and customers, along with strategic market penetration plans. These initiatives are expected to enhance cyber resilience across public and private organizations in the Middle East and India.
About TRINEXIA: TRINEXIA has been a Value-added Distributor since 1999, focusing on cybersecurity and digital forensics. They deliver tailored cybersecurity solutions for both public and private sectors, aiming to contribute significant value to their partners. More information on TRINEXIA can be found on their website and social media platforms.
About Concentric AI: Concentric AI addresses data security needs by safeguarding critical content across various platforms. Their deep learning and Risk Distance™ analysis aid in data categorization and risk assessment. Headquartered in San Mateo, California, Concentric AI continues to evolve with venture capital support. Additional details are available on their website.
Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.
#DataSecurityNews #CyberPartnershipNews #TRINEXIANews #AIProtection #TechCollab
