SimSpace, which offers military-grade cyber ranges, has announced today the commercial availability of its upgraded SimSpace Cyber Force Platform, expanding its footprint into a global market worth over $200 billion.
During a period of unprecedented geopolitical risk, leading organisations can now use the same advanced technology as US national cyber defenders and global intelligence agencies. SimSpace can compress three years of attacks into 24 hours to ensure the highest levels of mission and defensive readiness.
The Russian war in Ukraine has fuelled a near 50% increase in cyberattacks in the first half of 2022. Goldman Sachs predicts a Russian attack on US infrastructure could cost the economy up to $1 trillion. Businesses of national significance are seeking battle readiness for their cyber teams, and are using SimSpace’s high-fidelity range capabilities to improve team and process performance, consolidate tools, and reduce costs.
The C-suite, board members, investors, shareholders, insurers, regulators, and audit committee members are grappling with the need for more concise quantifications of risk posture. Military-grade cyber ranges provide answers to those hard questions, and help businesses make $30 million dollar decisions about changes in key parts of their cyber spending. SimSpace is trusted by the US Government, critical national infrastructure, F2000 organisations, and global intelligence agencies. By deploying the SimSpace Cyber Force Platform, organisations have achieved a 30% reduction in cyber operational costs and a 40% reduction in breaches in their production environments.
“SimSpace works to continuously improve the security posture of organisations and governments worldwide,” said William Hutchison, former US Cyber Command Leader and CEO of SimSpace. “Our Cyber Force Platform evolved from the requirements established by our US national cyber defenders and today drives a 48% time reduction to identify and remediate breaches, as well as a 56% improvement in cyber team retention to help businesses meet their financial objectives and regulatory requirements. We help executives, governments and security teams build world-class infrastructure and find solutions to highly complex cybersecurity challenges. The US government trusts SimSpace to protect their operations and personnel, thwarting sophisticated threat actors.”
SimSpace Strengthens Executive Leadership Team
To keep pace with its rapid growth, SimSpace is strengthening its leadership team by tapping James Gerber and Ross Brewer as CFO and EVP. With over 60 years of combined cybersecurity experience, the executive team is well placed to drive growth and support the company’s expansion.
- James Gerber, CFO – Gerber will lead SimSpace’s business and financial operations to support global growth. He brings over 30 years of experience working with institutional investors, publicly listed companies, and capital equity markets. Prior to joining SimSpace, Gerber was the CFO for IronNet, the Pension Benefit Guaranty Corporation, and WorldStrides.
- Ross Brewer, EVP of EMEA and APJ – With a track record of advising governments, critical national infrastructure organizations, and public companies in every corner of the world, Brewer will lead SimSpace’s international sales and operations for EMEA and APJ. Ross was previously Vice President of EMEA and APJ for AttackIQ and held sales leadership roles at LogRhythm and Symantec.
As part of their international expansion efforts, SimSpace has added to their global footprint with locations in London, Maryland (U.S.), Prague, Munich, Dubai, Tokyo, Singapore, and Sydney to expand their global customer base, sales, and support operations.
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