Growth in SaaS monitoring: What MSPs need to know

The recent growth of funding into the SaaS application monitoring and security space makes MSPs wonder how they can expand their services and grow their business.

A recent article by Joe Panettieri of ChannelE2E and MSSP Alert provided a round-up of the SaaS application security tools and software platforms that have achieved recent funding and demonstrates there is clear recognition that monitoring the user behaviour associated with SaaS applications is important and should be a part of every MSP’s comprehensive cybersecurity offering.

High investments in SaaS monitoring and alerts space

In fact, in the last 4 months, $71.2 million has been invested in the SaaS monitoring and alerting space – but $70 million of those invested dollars have essentially funded competitors (i.e. these solutions are being sold directly to SMB, MME and Enterprise customers).

In the article, Channele2e points out that SaaS Alerts is the only company on this list of growing SaaS cybersecurity startups who is solely devoted and custom-built for MSPs. This is an important take-away – because the rest of the companies featured are now their competitors.

Technology budget of every business is finite

At SaaS Alerts, they’re here to help MSPs win on the technology transition

Everyone is playing in a zero sum game, the technology budget of every business is finite, if not grabbed, a competing company will. At SaaS Alerts, they’re here to help MSPs win on the technology transition from on-premise applications to SaaS.

With nearly 100 MSPs joining SaaS Alerts since January and 15,000 users now on the platform, they see an average of 3,000 brute force attacks every day. These are attacks can be mitigated for customers with SaaS Alerts.

SaaS Alerts

Please take a moment to review their most recent Blog Article, ‘What is a Brute Force Attack and What to do When you see them Happening?’, where they share some of the insight they’ve gathered as a result of the nearly one million SaaS application events they log per day.

For those who’re interested in connecting with them to see a demo and to learn more about how SaaS Alerts can help them expand their services – and grow their monthly recurring revenue, please reach out to them at SaaS Alerts' official website.