Market Overview

Morphisec Enters Indian Market with New Customer Essar


Major Utility conglomerate selects Morphisec for Advanced Threat

Morphisec announced today that it has been selected as the advanced
threat prevention provider of choice by Essar, an India-based
conglomerate in the Metals & Mining, Energy and Infrastructure
industries. Morphisec's Endpoint Threat Prevention solution, based on
its groundbreaking Moving Target Defense technology, has been selected
to be deployed globally, as part of its anti-APT initiative.

Essar's project was initiated to secure the organization from advanced
attacks that use social engineering, phishing and vulnerability exploits
via web, email, networks and endpoint channels to bypass antivirus and
other security controls. The selection of Morphisec is the result of
continued initiative, led by Keyur Desai, CIO Essar Ports & Shipping and
Essar Head of InfoSecurity, Network & Communications, to build the most
effective yet manageable security stack. In addition to perimeter
defenses, NAC and Access Management and standard antivirus, Essar added
Morphisec as a critical memory layer in its defense in depth strategy.
Essar is well-known within the Indian market for integrating technology
firmly in its business strategy, as well as for being early adopters of
innovative technologies. As a conglomerate spanning multiple industries
worldwide, each of the group's subsidiaries has unique cybersecurity

"We compared a number of threat solutions," said Desai. "Morphisec stood
out for its small footprint, simple management and ability to prevent
attacks without prior knowledge of them. Its Moving Target Defense
technology is unique and is crucial to effectively stopping advanced
attacks. In our continued initiative to protect critical business data,
which includes working with other security solution OEMs as well,
Morphisec allows us to fulfill our mandate to enable the ongoing
operations of our varied businesses."

The Group CIO for Essar, Jayantha Prabhu added "Essar has always been
the frontrunner when it comes to adopting the latest technologies to
enhance business outcome. When it comes to data security, our mission
has always been to protect business critical data in this era of
advanced threats. The Morphisec solution is very promising and we look
forward to working closely with Morphisec Management in this mission to
protect critical information."

Morphisec prevents advanced threats and stops attacks before they can
ever execute by morphing the operating system memory space, so attackers
cannot locate the necessary resources to exploit. Morphisec does not
rely on detection, hunting or prediction, all of which require prior
knowledge of an attack in order to identify it as malicious.

Omri Dotan, Chief Business Officer of Morphisec, says, "Forward looking
organizations like Essar recognize the increasing danger posed by
fileless and other advanced threats and the need for a dedicated
prevention layer that seamlessly integrates with the existing security
stack. Morphisec's prevention efficacy, ease of deployment and use and
cost effectiveness make it the perfect fit for many India-based
companies such as Essar Group, where EDR solutions are too costly,
resource intensive and often simply not effective enough. This new
customer win marks Morphisec's official entry into the Indian market and
further demonstrates our position as a leader setting new standard for
advanced threat prevention."

About Essar
Essar Global Fund operates a number of
world-class assets diversified across the core sectors of Energy, Metals
& Mining, Infrastructure and Services. The aggregated revenues of the
Fund's portfolio companies total US$15 billion. Fund's portfolio
companies employ over 7,500 people across four continents.

About Morphisec
Morphisec offers an entirely new level of
innovation to customers in its Endpoint Threat Prevention platform,
delivering protection against the most advanced cyberattacks. The
company's patented Moving Target Defense technology prevents threats
others can't, including APTs, zero-days, ransomware, evasive fileless
attacks and web-borne exploits. Morphisec provides a crucial,
small-footprint memory-defense layer that easily deploys into a
company's existing security infrastructure to form a simple, highly
effective, cost-efficient prevention stack that is truly disruptive to
today's existing cybersecurity model.

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