New MSP Program Introduced by StorMagic

StorMagic, Inc. announced a new MSP program that enables MSPs to integrate its SvKMS into their own suite of services to build and deliver differentiated data security solutions to their end-user customers.

MSP partners will benefit from multiple revenue streams by offering encryption key management for their customers to use for any on-premises or cloud-based use case.

“MSPs today understand the growing threat of data breaches and the demand for security solutions as a necessity in the marketplace,” said Kevin Rhone, practice director, channel acceleration, Enterprise Strategy Group. “With the support of StorMagic’s new MSP program, partners are armed with differentiated data security for any encryption use case, so that their customers can protect their data vs. the reality of cyberthreats.“

As an extension of its 100% channel approach, the MSP program enables partners to expand their businesses by adding simple, flexible key management services to their suite of offerings. SvKMS is a high-margin addition to MSP portfolios because it supports any customer use case and workflow, can run anywhere and is simple to set up, deploy and manage. MSPs can build the offering in their own datacenter, colocation datacenter or in any cloud.

SvKMS delivers key management features and capabilities including KMIP support, cryptographic operators and lifecycle operations. The multi-tenancy feature allows MSPs to manage one instance of SvKMS but deliver key management resources to each of their customers and ensure secure, segmented tenant databases for each one. SvKMS is FIPS 140-2 certified and helps companies meet compliance regulations including GDPR, HIPAA, PCI-DSS and SOX.

“MSPs are responding to the growing number of cyber-attacks-particularly those aimed at vulnerable SMBs where a data breach has the power to cost them their business-by offering more comprehensive, modernized security solutions,” said Brian Grainger, CRO and board member. “MSP partners can now package and deliver differentiated data security that is easy to administer by leveraging the only security solution on the market today that is designed for any use case or workflow, and can be run anywhere, from the edge to the core.“

New partners can join MSP program with no upfront costs. MSPs deploy SvKMS, and then add end-user customers over time. The program’s simple, usage-based pricing model is based on the total number of keys in use and can result in high-margin recurring revenues.

Resource:
MSP program data sheet.