New Jersey Cybersecurity Companies To Watch

Photo: Mark Kay, CEO of StrikeForce Technologies Photo Credit: Courtesy Strikeforce Technologies
Mark Kay, CEO of StrikeForce Technologies | Courtesy Strikeforce Technologies

NJBiz compiled a list of New Jersey cybersecurity companies to watch from a directory developed by Cybersecurity Ventures, a California-based research and market-intelligence firm focused on startups and emerging companies in the cybersecurity industry.

According to a Cybersecurity Ventures press release, this is the first time the company has compiled the list, which it calls the “Cybersecurity 500.” It is a directory of the “500 hottest and most innovative cybersecurity companies to watch in 2015.”

The company said that the cybersecurity industry is projected to grow from over $70 billion in 2014 to over $155 billion by 2019.

Said Steve Morgan, founder and CEO of Cybersecurity Ventures, “We selected thousands of potential companies for inclusion in the Cybersecurity 500, by soliciting feedback from CISOs [Chief Information Security Officers] and end-user security practitioners, researching hundreds of cybersecurity events on the Cybersecurity Calendar, and researching dozens of Cybersecurity news sources that we follow.”

Cybersecurity Ventures provided a list of its selection criteria, noting that they were subjective. Some or all of the criteria were used for evaluating each company. They were as follows:

  • Cybersecurity sector (market category)
  • Problem(s) solved
  • Customer base
  • Feedback from CISOs and decision makers
  • Feedback from IT security evaluators and recommenders
  • Feedback from VARs (Value-added resellers), Systems Integrators and consultants
  • VC funding
  • Company growth.
  • Published product reviews
  • Demos and presentations at conferences
  • Corporate marketing and branding
  • Media coverage
  • Notable implementations
  • Founder and management pedigree

The companies were not ranked by revenue, number of employees or annual growth. As Morgan explained, the target audience of cyber and IT security professionals “already know who the biggest vendors are.” He added, “We are trying to create more awareness and recognition for the most innovative cybersecurity companies — ranging from the largest and most recognizable brands to VC-backed startups and emerging players.”

The 12 New Jersey companies that made the Cybersecurity Ventures list are (along with their rankings):

70. AT&T Security Solutions (Bedminster): Managed security and consulting

88. StrikeForce Technologies (Edison):  Keystroke encryption and mobile security

129. Enforcive (Hackensack): Data security software

160. Rsam (Secaucus): IT governance, risk and compliance

166. Tufin (Morristown): Security policy orchestration

199. STEALTHbits Technologies (Hawthorne): Advanced threat prevention

227. Portnox (West Orange and Israel): Network access control and management

236. Radware (Mahwah): Application security and delivery

241. Prevalent Networks (Warren): Third-party risk management

249. Comodo (Clifton): SSL certificates and PCI compliance

303. Cyberoam (Edison): Network security appliances

386. BlackStratus (Edison): Security platform for MSPs (managed service providers)

The original story at the NJBiz website, “12 N.J. companies make Cybersecurity 500 ranking,” can be found here.  The Cybersecurity 500 Directory can be found here.

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