LMNTRIX recognised in Gartner's 2024 MDR Market Guide

LMNTRIX has been included in Gartner's 2024 Market Guide for MDR services, ranking as one of the top 20 vendors globally. The firm, based in Sydney, Australia, joins the ranks of notable industry players such as CrowdStrike, SentinelOne, and Rapid7. This recognition places LMNTRIX as the only Australian-founded, privately held company in this group to have grown without external capital.

This achievement accentuates the company's commitment to innovation and excellence in cybersecurity. The recognition from Gartner underscores the significance of LMNTRIX's Managed Extended Detection and Response (MXDR) platform within an industry heavily influenced by US and Israeli firms. The firm's success is viewed as a considerable achievement for the Australian cybersecurity sector, demonstrating the international competitiveness of local talent.

LMNTRIX provides an innovative approach to cybersecurity, diverging from traditional models dominated by larger international entities. The company emphasises its understanding of the specific challenges businesses encounter and offers customised solutions to meet these needs. The firm's Chief Executive Officer, Carlo Minassian, highlighted that the company's MXDR platform is instrumental in setting LMNTRIX apart by addressing gaps in existing security defences and simplifying cybersecurity management.

Minassian remarked, "This recognition from Gartner is an incredible honour, but it's just the beginning of our journey. The road to get here has been anything but easy—it's been filled with challenges and hard decisions. But it's also been driven by passion. I'm deeply passionate about what we're doing at LMNTRIX, and that passion keeps us pushing forward every day. To be recognised alongside the industry's giants is humbling, but it's also proof that our dedication is paying off. We're not stopping here—our vision is clear, and we're just getting started."

The company's strategic vision aims to position LMNTRIX among the top five MXDR vendors globally. This ambition involves creating a platform where businesses of all sizes can access advanced innovations and solutions to fulfil their cybersecurity needs. By prioritising innovation, agility, and excellence, LMNTRIX aims to secure a leadership position in the MXDR space.

In pursuit of this vision, LMNTRIX is actively expanding its operations internationally. Recent initiatives include the establishment of operations in the United Kingdom and the strengthening of teams in India, Singapore, Indonesia, Malaysia, and the Philippines. These efforts aim to provide LMNTRIX's cybersecurity solutions to a broader range of businesses globally.

Simultaneously, the company is reinforcing its commitment to the Australian market. It is fostering new partnerships and encouraging the adoption of its MXDR platform across Australian businesses, thereby contributing to enhancing the overall cybersecurity landscape within the nation.