Press Releases

Orchestra Group Continues to Expand with Netformx Acquisition

Acquisition will expand Orchestra’s information security platform to discovering network vulnerabilities and increase global footprint

TEL AVIV, Israel and SAN JOSE, CA — December 12, 2021 — Orchestra Group, a privately held cybersecurity risk management company founded in 2018, announced today their third acquisition in three years as Netformx®, a provider of innovative solutions to simplify IT sales complexity and increase seller profitability.

The cyber company Orchestra Group is not resting on its laurels. After completing its first round and acquiring two companies, the company has made another acquisition with Netformx. This acquisition demonstrates the company’s vision to grow in parallel both through acquisitions and organic development.

Netformx was established in 1994 and for the past three decades has specialized in enabling IT integrators, Managed Service Providers (MSP’s and MSSP’s) in network discovery, design while expanding to profitability optimization. The deep technology developed by Netformx allows its customers to be much more profitable when it comes to designing and configuring networks. Netformx works primarily with giants such as Cisco and their business partners. Netformx has thousands of users worldwide and among them major companies such as AT&T, Bell Canada, Insight, Logicalis, Optus and Telstra. At 40 employees strong Netformx has their development center in Israel, executive offices in San Jose, California and has offices in Australia and the United Kingdom

A holistic cyber risk management approach

The synergy between Orchestra and Netformx lies in Orchestra’s vision to provide a holistic cyber risk management and operations platform through discovery, analysis, artificial intelligence, and automation. Orchestra’s platform analyzes an organization’s assets, controls, access, and connectivity using its proprietary cyber threat knowledgebase and reasoning AI to create automatic, fact based, explainable attack scenarios and calculates their risk. Orchestra’s AI recommends mitigations and provides an actionable, prioritized cyber risk resilience blueprint for the organization. This provides a roadmap to reduce an organization’s aggregate cyber risk from the ever-changing cyber threat landscape, all in accordance with the organization’s compliance needs and policy requirements.

The acquisition of Netformx will allow Orchestra to deepen its analysis of networks to find network infrastructure and connectivity issues and vulnerabilities. Netformx network analysis, discovery, and configuration technology, as well as its catalogue and configuration capabilities complete a significant part of Orchestra’s holistic cyber security platform puzzle. Moreover, Netformx IT Solution provider customers along with their end-customers would benefit from Orchestra’s solution. Many Netformx customers are MSPs that provide a variety of network and other technical services to their customers, strengthening the synergy between the two companies. The acquisition of Netformx will enable Orchestra to further expand its North American customer base, as well as expand the capabilities of Netformx products for its existing and new customers.

Netformx is Orchestra’s third acquisition. The first was the Israeli start-up CyIoT and the second was the Israeli start-up Cronus. Orchestra was founded by Omri Lavie (CEO), Isaac Zack (COO) and Dr. Jacob Ukelson (CTO) in 2018.

Quotes

“We believe that the synergies will enable us to accelerate the development of our advanced risk technologies and our expansion to a global audience.”
— Omri Lavie, CEO and co-founder of the Orchestra Group

“Netformx is excited about joining the Orchestra Group to expand our discovery capabilities to support cyber security and cyber risk. We will continue to support Cisco partners and help them maximize profitability with the help of Cisco programs while integrating cyber security capabilities into our customer success management platform. In addition, we will expand our product portfolio to end customers and allow them to plan a safer and more profitable future.”
— Ittai Bareket, CEO at Netformx

About Orchestra

Orchestra Group, a privately held company, was co-founded in 2018 by Omri Lavie (CEO), Isaac Zack (COO) and Dr. Jacob Ukelson (CTO). Their mission was to change the way cyber security is consumed by providing a top-down, business-oriented approach. With a plan to grow through acquisition and organic development, their first round of funding resulted in the acquisition of two Israeli start-ups: CyIOT, and Cronus. They continue to seek out best-of-breed solutions to enhance their cyber security policy-as-code platform. www.orchestragroup.com and LinkedIn

About Netformx

Netformx cloud-based applications simplify how Cisco Partners and IT Solution Providers can increase profitability from Cisco programs and more throughout the sales cycle. Merging their deep expertise of Cisco programs with complete, consolidated, and digestible data from Distributors and numerous Cisco platforms they deliver the right data to the right people at the right time.

Netformx users globally leverage their Application Suite to offer a better customer experience through optimized and accurate proposals, ongoing in-depth analysis to efficiently manage the customer lifecycle, and at-a-glance insights into customer network assets, software subscriptions, and support contracts. Netformx customers include AEC, ALE, AT&T, Bell Canada, BT, Cisco, ConvergeOne, Insight, Logicalis, Optus, NTT, and Telstra. www.Netformx.com, Twitter and LinkedIn.