Growing ransomware expertise Coveware specializes in ransomware remediation and prevention, positioning it as a trusted partner for organizations seeking comprehensive cybersecurity incident response and mitigation services.

Recent Acquisition Advantage Being acquired by Veeam Software enhances Coveware’s market reach and technological integration, offering opportunities to bundle ransomware recovery solutions with advanced data protection services.

SMB Market Focus With its primary deployment through managed service providers targeting small and medium-sized businesses, Coveware presents opportunities to expand cybersecurity offerings to a vast and growing SMB segment.

Increased Attack Impact The rise in ransomware-related downtimes, exemplified by a 30% increase in Q1 2022, underscores a heightened demand for effective incident response and resilience strategies, creating demand for Coveware’s expertise.

Market Trend Alignment Coveware’s leadership in ransomware incident response and its insights through quarterly reports align well with organizations prioritizing proactive cybersecurity measures, enabling cross-selling of prevention and recovery services.