The Ontic Platform lauded as ‘instrumental in advancing the industry into the future’

AUSTIN, September 4, 2024 –  Ontic, a software provider delivering Connected Intelligence to unify how corporate security professionals manage threats, mitigate risks, and strengthen businesses, today announced it has achieved the top overall “Growth and Innovation Leader” position in the Frost Radar™: Digital Intelligence Solutions, 2024 by Frost & Sullivan, ahead of 15 other companies in the report.

“Ontic is the market pioneer, leader, and standard-setter for digital intelligence solutions,” said Danielle VanZandt, Research Manager, Security, Commercial & Public Security, Frost & Sullivan. “No matter what security challenges an organization may have, Ontic is the single central innovative platform that integrates all data sources to empower fuller risk and threat analyses, research and investigations, case management and real-time awareness, connecting intelligence across an entire organization.” 

Digital intelligence solutions have emerged as the answer to the demand for converged security operations, holistic visibility, and control, all while providing organizations with a tangible return on investment. According to Frost & Sullivan research, the global digital intelligence market is on track to more than triple its total spending from $39.77 billion in 2023 to $170.14 billion by 2030.

Ontic achievements, innovations, and growth milestones that have earned the company this recognition include:

• Double-digit revenue growth, customer expansion into new verticals, and headcount increases since Ontic’s significant funding round in 2021.

• The introduction of more real-time incident response and case management solutions, long-term and historical trend analysis, and an ever-growing network of third-party integrated research tools.

• Ongoing use case development and customer collaboration for new application areas such as building out internal risk intelligence and assessment programs, enhancing insider threat programs, and conducting more collaborative analysis and incident investigation across departments.

• Implementing innovative technologies into the Ontic Platform such as flexible platform configuration to adhere to customer policies, high-accuracy and quality open-source intelligence, and ML algorithms to offer enhanced automation to operators.

• Expanding digital intelligence solutions to create future opportunities in the public sector and broadening use cases beyond traditional incident response and investigation.

• Convening the security community, driving thought leadership and knowledge-sharing – through speaking engagements, its own end-user and industry surveys, and the Ontic Summit, which brings together industry leaders, influencers, and newcomers for forums, educational seminars, and networking. 

“Without a holistic, cross-organization view of their risk landscape, corporate security teams have struggled to break down information silos and shift from having to be reactive to a proactive security strategy,” said Manish Mehta, chief product officer, Ontic. “We purpose-built The Ontic Platform to be a central hub that addresses these challenges and modernizes security operations for Fortune 1000 companies across all industry sectors. We are proud Frost & Sullivan recognizes Ontic for leading our industry into a new era and the transformational technology we bring to our clients.”

Frost Radar™: Digital Intelligence 2024 identifies industry leaders excelling at innovation, most poised for growth, and ripe for investment, and recognizes them in the Frost Radar with insight into their innovative offerings, projected growth rates, strengths, and opportunities for the future.  The Growth Index is a measure of a company’s performance and track record, along with its ability to develop and execute a fully-aligned strategy and vision; a robust pipeline system; and effective market, competitor and end user-focused sales and marketing strategies. The Innovation Index is a measure of a company’s ability to develop products, services, and solutions with a clear understanding of disruptive Megatrends, are globally applicable, are able to evolve and expand to serve multiple markets, and are aligned to customers’ changing needs. 

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About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.

About Ontic

Ontic makes software that corporate and government security professionals use to proactively manage threats, mitigate risks, and make businesses stronger. Built by security and software professionals, the Ontic Platform connects and unifies critical data, business processes, and collaborators in one place, consolidating security intelligence and operations. We call this Connected Intelligence. Ontic serves corporate security teams across key functions, including intelligence, investigations, GSOC, executive protection, and security operations.
For more information, please visit ontic.co or follow us on X or LinkedIn.