Organizations around the globe are creating, sharing, and storing vast amounts of data every day. As technology evolves and that data continues to grow, securing it is becoming more and more critical for businesses looking to keep their most valuable assets safe. 

It’s no secret that cybersecurity has become an essential component within IT environments. In fact, Gartner predicts that worldwide spending on cybersecurity will reach $133.7 billion in 2022. According to the World Economic Forum, as of 2019, cyber-attacks are considered among the top five risks to global stability. Keeping data protected is imperative to keeping businesses afloat, and this holds especially true for SMBs and Managed Services Providers (MSPs). 

What is an MSP? 

TechTarget defines an MSP as, “…a company that remotely manages a customer’s IT infrastructure and/or end-user systems, typically on a proactive basis and under a subscription model.”

MSPs typically oversee IT systems and services for small and medium-sized businesses (SMBs) that don’t have the budget or resources available to hire in-house IT staff.  

What are the challenges faced by MSPs? 

MSPs share several common pain points when it comes to maintaining the IT services for their customers, as well as managing and expanding their own businesses.

  • Business and Profitability Growth: MSPs are typically smaller businesses with limited resources, and have to focus on many moving parts at once (i.e. technology, sales, marketing). They need solutions that are affordable and will enable them to grow their businesses cost effectively, while also helping them bring on more customers and increase their revenue.   
  • Protecting Customer Data: With the demand for cybersecurity growing rapidly, MSPs need to be confident in the security solutions they’re providing their clients and keep up with all the latest advancements in technology. It’s also essential that their solutions meet compliance and regulation requirements, to remain competitive and reputable out in the field.  
  • Simplifying Complexities: Simplicity and flexibility are essential for MSPs, as they are typically managing IT environments for many different SMBs at once. They need technology solutions that are easy to implement, manage, and upgrade, as needs change.

Introducing, StorMagic SvKMS for MSPs

StorMagic understands the challenges faced by MSPs, which is why we’ve developed a new program to enable them to deliver differentiated data security. 

Through the program, MSPs are able to provide their customers with a unique, flexible key management offering, a vital component in managing encryption, based on our StorMagic SvKMS encryption key management solution. It is the only key management service that supports any encryption use-case, including any combination of cloud, multi-cloud, or on-prem. 

Our new program aims to benefit MSPs through the following: 

Expand Your Business: StorMagic SvKMS opens up multiple revenue opportunities for MSPs, providing encryption key management for a variety of workflows, including on-prem, cloud, and/or multi-cloud. It scales easily to bring on more customers, add in capacity, or build in multiple layers of redundancy, and it follows a simple, usage-based pricing model with no upfront costs. These factors make it easy for MSPs to develop high-margin, recurring revenues. 

Differentiated Data Security: Our key management offering is unique, in that it supports any encryption use case and works in any location, from edge to core. It’s advanced features and capabilities, including KMIP support, cryptographic operators, and role-based access control, make it a cutting-edge technology and strong competitor in the key management space. When combined with encryption, SvKMS helps customers meet several compliance standards, such as HIPPA, GDPR, PCI-DSS, and SOX, enabling MSPs to meet the needs of many different types of organizations, across all industries. 

Simple & Flexible: SvKMS’s multi-tenanted design makes it the perfect platform for MSPs to deliver encryption key management to their clients. It allows them to oversee the IT environments of several customers at once, all from a single platform. It’s also incredibly flexible, giving MSPs the option to run their key management in their datacenter, colo or cloud, and also onboard and offboard customers as needed. It’s easy to set up and deploy, and its reporting, authorization, and insights features make administration effortless. 

Interested in learning more about StorMagic’s MSP program? Read our latest press release and visit the MSP page on our website for additional information. Reach out to our Sales team at sales@stormagic.com or submit an inquiry through our Contact Us page on our website if you have any questions about the program or would like to learn more from one of our experts.

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