IXS Holdings Selects SEI Investments SEI Sphere For Cybersecurity And Network Operations
Portfolio Pulse from Benzinga Newsdesk
SEI Investments (NASDAQ:SEIC) has been selected by IXS Holdings, a multi-national manufacturer owned by Clearlake Capital Group, to manage its cybersecurity and network operations through SEI Sphere. This partnership aims to enhance operational outcomes across IXS Holdings' 35 branch plants in the U.S. and Canada by providing comprehensive cybersecurity and IT solutions, including network monitoring, threat detection, and remediation services.
March 27, 2024 | 1:02 pm
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POSITIVE IMPACT
SEI Investments (SEIC) has secured a significant partnership with IXS Holdings to provide managed security services, indicating a potential increase in business and revenue.
The partnership with IXS Holdings represents a significant business opportunity for SEI Investments, likely leading to increased revenue from the provision of cybersecurity and network management services. Given the scale of IXS Holdings' operations across multiple regions and the critical nature of cybersecurity, this deal could be seen as a strong vote of confidence in SEI's capabilities, potentially leading to further business opportunities and a positive impact on SEIC's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90