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Flexera: Shaping the Face of Global Vulnerability Management

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Jim Ryan, President & Chief Executive Officer, FlexeraJim Ryan, President & Chief Executive Officer
The rise of emerging startups within the business marketplace has widened the target for cyber threats. With more entrepreneurs making their way to the business world, the increase in personal and business data elicits the likelihood of breaches by cybercriminals. Flexera—an enterprise security company, provides vulnerability management solutions to the industry, to address the risks associated with cybersecurity. The company helps businesses create effective software vulnerability management processes that reduce security risk by prioritizing and optimizing strategies for managing software vulnerabilities and mitigating exposure. The company delivers management solutions to Information Technology (IT) enterprises to accelerate their ROI on invested technology. Vulnerability comes from tons of various sources within the IT network of the company, such as software bugs, outdated applications and operating systems, lack of system hardening (e.g., weak password on the Internet) or unintentional exposure (e.g., firewall rules).

Processes are the backbone of any program to mitigate risk effectively. Flexera offers solutions on vulnerability intelligence and supplies world-class technology to help customers gain confidence, to go beyond simply reacting to a crisis when attacks happen. Instead, customers can gain control over the whole software vulnerability management lifecycle and stay secure. According to a recent Gartner report, enterprises that implement a vulnerability management process will experience 90 percent fewer successful cyberattacks.

More companies are shifting towards Software Vulnerability Management solutions to prevent attacks on their system.

It refers to the process and tools used to discover, correlate, and remediate the software flaws, which most hackers use to gain access inside the organization’s IT systems. Vulnerability intelligence refers to all research data, including historical data, critical ratings, impact, and fixes. According to Forbes Insights, 44 percent of all data breaches may be attributed to known vulnerabilities. Flexera–Software Vulnerability Management solutions successfully tie in with vulnerability discovery, remediate into a manageable entity and retrieves information about the multiple sources of vulnerabilities.

“Organizations must use a mixture of proactive and reactive techniques when it involves fighting cybercrime. They must be proactive to make sure it is as difficult as possible for a hacker to infiltrate systems. They must also be reactive—prepared to detect and respond to incidents when they happen,” commented Jim Ryan, President and CEO, Flexera.

Flexera aided one of the biggest electric power companies to meet its technological upgrade. The client provides electricity to more than 400,000 customers to meet their utility demand. The company needed to replace its aging technology and automate its inefficient manual vulnerability management process. The client chose Secunia Research, a part of Flexera’s Software Vulnerability Research, to meet its demand. Secunia Research solutions delivered centralized, automated oversight of software vulnerabilities and helped create a more efficient process for managing security risks. The client’s IT security team found that the solutions provided by Flexera were impressive and stood out from competitors managing vulnerabilities. The explanations helped the power company update and automate its inefficient manual processes and help them with a more efficient, centralized vulnerability management. The Secunia Research team successfully found out critical vulnerabilities in products of larger vendors, including Microsoft, IBM, Adobe, Apple, and more.

With uncertainty driving the world, the impact of Covid-19 and the United Kingdom’s exit from the European Union in 2021 has changed the region’s political and business landscape. The adoption of cloud technologies by industries during the pandemic has increased the amount of vulnerability. Past 30 years, the team at Flexera has helped more than 50,000 customers to meet their business goals. Flexera will continue to provide complete visibility into its IT assets. Public sector leaders can thus reduce security risk, increase operational efficiencies and deliver enhanced support to their departments’ critical mission objectives.
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Company
Flexera

Headquarters
Itasca, IL

Management
Jim Ryan, President & Chief Executive Officer

Description
Flexera is an enterprise security company that provides vulnerability management solutions to the industry, to address the risks associated with cybersecurity. The company helps businesses create effective software vulnerability management processes that reduce security risk by prioritizing and optimizing strategies for managing software vulnerabilities and mitigating exposure. Flexera delivers management solutions to Information Technology (IT) enterprises to accelerate their ROI on invested technology.