Simple Security Company Profile

Background

Overview

Simple Security is a cybersecurity company dedicated to simplifying security solutions for businesses of all sizes. Founded by Steve Hindle and Simon Linstead, the company aims to make security accessible, understandable, and effective. With extensive experience in technology, business consulting, cyber and physical security, and governance, risk management, and compliance (GRC), the founders have developed a practical approach to security that empowers businesses without overwhelming them.

Mission and Vision

Mission: To make all aspects of security simple for everyone.

Vision: To deliver exceptional value, service, and trust through intentional business partnerships.

Primary Area of Focus

Simple Security focuses on providing enterprise-grade protection and compliance solutions that are scalable and cost-effective. Their platform is designed to help businesses grow with confidence by offering clear and effective security solutions without unnecessary complexity or inflated costs.

Industry Significance

In an era where cybersecurity is often perceived as complex and costly, Simple Security stands out by offering straightforward and affordable solutions. Their approach is particularly beneficial for small and mid-sized businesses, managed service providers, and regulated industries that require compliance with standards like NIST, HIPAA, and PCI-DSS.

Key Strategic Focus

Core Objectives

Simplify cybersecurity to make it accessible for businesses of all sizes.

Provide scalable and cost-effective security solutions that enable business growth.

Ensure compliance with industry standards and regulations.

Specific Areas of Specialization

Core Protection: Endpoint Detection & Response (EDR), Managed Detection and Response (MDR), Security Information and Event Management (SIEM), Security Orchestration, Automation, and Response (SOAR), Security Operations Center (SOC), and Email Protection.

Employees & Identity Security: Security Training & Testing, Identity Threat Detection & Response, Human Vulnerability Management, and Automated Physical Security.

Compliance & Risk: Out-of-the-box compliance to NIST Cybersecurity Framework (CSF), Data Privacy Requirements, PCI, HIPAA, CMMC, DORA, GDPR, Risk Scoring & Posture Management, Audit-Ready Reports, and Cyber Insurance assessments.

Key Technologies Utilized

Artificial Intelligence (AI) powered MDR.

Cloud-based SIEM/SOAR solutions without ingest charges.

Automated Physical Security systems.

Comprehensive compliance tools aligned with various industry standards.

Primary Markets Targeted

Small & Mid-Sized Businesses: Offering fully managed protection that is easy to adopt and scale as they grow.

Managed Service Providers (MSPs): Providing a white-label platform to secure clients faster and more profitably.

Regulated Industries: Simplifying compliance for sectors like finance, healthcare, and retail.

Security-Conscious Leaders: Equipping business owners and IT leads with visibility, compliance, and peace of mind without overwhelming dashboards.

Financials and Funding

As of now, there is no publicly available information regarding Simple Security's funding history, total funds raised, specifics of recent funding rounds, or notable investors.

Pipeline Development

Simple Security offers a comprehensive suite of security solutions, including Core Protection, Employees & Identity Security, and Compliance & Risk services. While specific details about pipeline candidates and timelines for anticipated milestones are not publicly disclosed, the company's focus on delivering scalable and cost-effective security solutions indicates a commitment to continuous development and enhancement of their offerings.

Technological Platform and Innovation

Proprietary Technologies

AI-Powered MDR: Utilizes artificial intelligence to enhance threat detection and response capabilities.

Cloud-Based SIEM/SOAR: Offers scalable and efficient security information and event management without additional ingest charges.

Automated Physical Security: Integrates physical security measures with digital solutions to provide comprehensive protection.

Significant Scientific Methods

Security Training & Testing: Educates and empowers teams to recognize and respond to security threats effectively.

Identity Threat Detection & Response: Monitors and mitigates risks associated with identity and access management.

Human Vulnerability Management: Addresses human-related security vulnerabilities through targeted training and awareness programs.

Leadership Team

Steve Hindle: CEO & Co-Founder

Professional Background: Extensive experience in building security programs and leading operational responses during global crises.

Key Contributions: Instrumental in developing Simple Security's practical and understandable approach to cybersecurity.

Simon Linstead: President & Co-Founder

Professional Background: Deep understanding of governance, risk management, and compliance in regulated industries.

Key Contributions: Played a pivotal role in shaping the company's mission to make security simple and accessible.

Competitor Profile

Market Insights and Dynamics

The cybersecurity industry is experiencing rapid growth due to increasing digitalization and the rising frequency of cyber threats. Businesses are seeking solutions that are not only effective but also easy to implement and manage. This trend has led to the emergence of companies like Simple Security, which offer scalable and cost-effective solutions tailored to various business needs.

Competitor Analysis

SimpliSafe: Offers DIY home security systems with optional professional monitoring. Known for affordability and ease of use.

Vivint: Provides professionally installed smart home security systems with advanced automation features. Targets homeowners seeking integrated smart home solutions.

Frontpoint: Specializes in DIY home security systems with a focus on customization and flexibility. Offers a range of equipment options and monitoring plans.

Strategic Collaborations and Partnerships

Specific details about Simple Security's strategic collaborations and partnerships are not publicly disclosed. However, the company's focus on providing comprehensive security solutions suggests potential collaborations with technology providers, compliance organizations, and industry associations to enhance their offerings.

Operational Insights

Simple Security differentiates itself by offering a comprehensive suite of security solutions that are both scalable and cost-effective. Their focus on simplicity and accessibility positions them favorably in the market, especially for small and mid-sized businesses that may find traditional cybersecurity solutions complex and expensive.

Strategic Opportunities and Future Directions

As the cybersecurity landscape continues to evolve, Simple Security has the opportunity to expand its offerings to address emerging threats and compliance requirements. By leveraging their expertise in simplifying security, they can develop innovative solutions that meet the needs of a broader range of businesses, including those in highly regulated industries.