DTEX: Security at the Speed of Intent
Intent could either be cybersecurity’s next buzzword or breakthrough. Here’s why we need to get it right.
Strategy of Security
Strategy of Security's data-driven research and analysis gives you cybersecurity-focused market intelligence you can take action on.
Latest posts
An Interview with Matt Mills About SailPoint in the AI Era
An in-depth discussion about the past, present, and future of SailPoint as it moves into the AI era.
SailPoint's Authorization Opportunity
Authorization is about to have a moment, and SailPoint is here for it.
Varonis and the Price of Accountability at Scale
A look at the long-term strategy for Varonis beyond the near-term questions from their Q3'25 earnings report.
What's Next for Netskope
A deep dive into Netskope's past, present, and future as a public company.
How Much Capital Does It Take for a Cybersecurity Company to Go Public?
A data-driven analysis of funding trends and outcomes for cybersecurity's public and later-stage companies.
The Case For and Against Palo Alto Networks Acquiring CyberArk
A deep dive into the strategic and financial rationale for Palo Alto Networks' industry-altering acquisition of CyberArk.
The Case For and Against Palo Alto Networks Acquiring SentinelOne
A thought exercise about the strategic and financial rationale behind the speculation about Palo Alto Networks and SentinelOne.
Palo Alto Networks, Protect AI, and the Platformization of AI Security
Palo Alto Networks acquiring Protect AI is a decisive, platform-level play to shape the nascent AI/ML-security market while it's still early.
Mapping the U.S. Federal Government Ecosystem for Cybersecurity, Privacy, and Trust
A deep dive into federally-funded cybersecurity, privacy, and trust initiatives in the United States in the wake of our near-miss with the NVD.
W is for Wiz: Alphabet’s Audacious Acquisition
Starting to make sense of Alphabet, Wiz, and the day that changed the cybersecurity industry forever.
Themes From (And Beyond) Altitude Cyber's 2024 Cybersecurity Year In Review
A deeper look into ten of the most interesting insights from Altitude Cyber's 2024 Cybersecurity Year In Review.
SailPoint’s Second Act
A look behind the strategic and financial narrative for SailPoint's imminent return to public markets.
Cybersecurity's IPO Pipeline: 2026 and Beyond
Analyzing cybersecurity-related companies who are further out in the IPO pipeline. When will it be their turn to go public?
Cybersecurity's IPO Pipeline: 2025 Candidates
2025 could be a big year for cybersecurity-related IPOs. Here's who the most likely candidates are.
Cybersecurity Is Going Private
Twelve cybersecurity-related companies have disappeared from public markets since 2022. Things might keep getting worse before they get better, but we're going to end up with more public companies soon enough.
Cybersecurity Business Models: A Dollar of Revenue Doesn't Equal a Dollar of Revenue
A practical evaluation of product and services businesses in cybersecurity through the thick glasses of Warren Buffett and Charlie Munger.
What Would It Take for SailPoint to Go Public Again?
If it’s true that Thoma Bravo is once again exploring a SailPoint IPO, here’s what needs to happen for the exit to succeed.
The Strategic Impact of Mastercard's Recorded Future Acquisition
How Mastercard's acquisition of Recorded Future connects the past, present, and future (no pun intended) of the cybersecurity industry.
Cyberse and the Marketplace Era of Cybersecurity Purchasing
The marketplace era of cybersecurity purchasing is arriving before our eyes. Cyberse is a new startup leading the way.
Billions: The New Significance of Billion-Dollar Scale in Cybersecurity
Billion-dollar scale is the new normal for late-stage companies in cybersecurity.
Y Combinator's Winter 2024 Cybersecurity, Privacy, and Trust Startups
Analyzing opportunities and challenges for the six cybersecurity, privacy, and trust startups in Y Combinator's Winter 2024 batch.
Themes From (And Beyond) Altitude Cyber's 2023 Cybersecurity Year In Review
Exploring five easy-to-overlook themes from 13 years of cybersecurity industry data and research.
Cybersecurity's Class Conundrum: Winner-Take-All Market Dynamics
What technology's winner-take-all market dynamics mean for the cybersecurity industry.
How Could Platformization Work in Cybersecurity?
There is no such thing as a cybersecurity platform...yet. What would it take for platformization to happen?
Cybersecurity's Class Conundrum
Cybersecurity has a class conundrum, and the gap is only getting wider.
Bigger, Faster, Stronger: The New Standard for Public Cybersecurity Companies
Cybersecurity companies who want to go public in 2024 and beyond need to be bigger, faster, and stronger than the companies that came before them.
Demystifying Cybersecurity’s Public Companies
It's a lot harder to come up with a list of public cybersecurity companies than you'd think. Here are the reasons why, plus an honest attempt to get the list right.
Dry January: The Sobering State of Public Markets for Cybersecurity Companies
Being a cybersecurity unicorn feels like a never-ending Dry January right now. It's not as bad as it sounds, I promise.
Okta's Cinderella Story
Okta can still be a Cinderella story. If they can get their own security right, history will look back on this as the low point before a happy ending.
The Endless Pursuit of the Ecosystem
It isn't possible to fully understand the cybersecurity ecosystem, but that's the only motivation you need to keep trying.
Cisco's Cybersecurity Shopping Spree (Part 2)
What the Alaska Purchase and Seward's Folly can teach us about the strategy and upside for Cisco's acquisition of Splunk.
The Cybersecurity Revolutions
Rak Garg is the Oracle who gave us cybersecurity estates. Take the red pill, bend the spoon, and break free from the simulation.
No Way Out: The Changing World of Cybersecurity Exits
Cybersecurity has too many companies with high valuations for all of them to have successful exits. Good strategic choices can ease the pain and set us on a trajectory higher than ever before.
Why We're Stuck With Passwords
Passkeys are the future, but the future is definitely not evenly distributed yet. We're all stuck with passwords until a lot more companies offer passkeys.
Cisco’s Cybersecurity Shopping Spree (Part 1)
The first of a two-part series about the past, present, and future of Cisco's cybersecurity business after its game-changing acquisition of Splunk.
Y Combinator's Summer 2023 Cybersecurity, Privacy, and Trust Startups
Analyzing opportunities and challenges for the 10 cybersecurity, privacy, and trust startups in Y Combinator's Summer 2023 batch.
The Audacious Future of Palo Alto Networks
A deeper look into the bold vision for cybersecurity's largest company and its impact on the future of the industry.
An Interview with Mitiga’s Tal Mozes on Charting a New Path in Cloud Incident Response
A discussion about building a product company from a services background, the unique risks and advantages of cloud IR (incident response), the value of tech-enabled services, and the future of his cloud and SaaS IR company, Mitiga.
The Convergence of Cybersecurity and Everything
Exploring the convergence of cybersecurity with adjacent markets, the impact of this trend so far, and what we can expect in the future.
Momentum Cyber's RSA Conference 2023 Recap
Recapping the trends and highlights from RSA Conference 2023 with Momentum Cyber.
An Interview with Ryan Cooke about JumpWire and Data Encryption
A discussion about new developments in the data encryption market, what to think about when implementing it, and overcoming the fears people have about encryption.
Y Combinator's Winter 2023 Cybersecurity, Privacy, and Trust Startups
Analyzing opportunities and challenges for the nine cybersecurity, privacy, and trust startups in Y Combinator's Winter 2023 batch.
2022 Cybersecurity Annual Earnings Recap (Part 2)
Part 2 of a series analyzing annual earnings announcements, including Qualys, Rapid7, and Tenable.
An Interview With dope.security Founder and CEO Kunal Agarwal
A discussion about re-imagining the Secure Web Gateway (SWG) with fly direct, building an authentic brand, and the future of dope.security.
2022 Cybersecurity Annual Earnings Recap (Part 1)
Part 1 of a series analyzing annual earnings announcements, including Cloudflare, Check Point, CyberArk, and Fortinet.
An Interview With Ron Nissim About Entitle and the Cloud IGA Renaissance
Co-founder and CEO Ron Nissim and I discussed the launch of Entitle, a Cloud Identity Governance and Administration (IGA) company emerging from stealth today.
The Evolution of Cybersecurity Services
A special report on the impact of Google Cloud's acquisition of Mandiant and the convergence of next-generation cybersecurity services.
Agency: Personalized Managed Cybersecurity
Exploring a new paradigm to secure personal devices for individuals and defend against cyber attacks.
The Mirage of Mandiant: Post-Acquisition Follow-Up
Revisiting the strategic implications of Google Cloud and Mandiant following the Google Cloud Next conference.