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Markets round-up for the week: 29 July

Markets round-up for the week: 29 July

ExaGrid, the tiered backup storage vendor, has announced a solid second quarter.

The channel-first firm added 140 new customers in the three months, with the period being the 18th consecutive quarter of cash-, EBITDA-, and P&L-positive operations.

Over 50% of total business came from outside the US, and 14 more sales regions were added worldwide.

-DigiCert has signed a UK and Ireland distribution with Kite, which will now handle the DigiCert ONE digital trust platform among its growing cybersecurity reseller base.

-Worldwide spending on information security is projected to reach $213 billion in 2025, up from $193 billion in 2024, according to analyst house Gartner.

Further, spending is estimated to increase 12.5% in 2026 to total $240 billion.

Ruggero Contu, senior director analyst at Gartner, said: “Higher defence budgets, rising threats, increasing regulatory pressure and better cybersecurity awareness, especially among small- and medium-sized businesses, will keep cybersecurity spending strong in the medium to long term.”

-London-based DynaRisk has secured $4.7m in funding, led by YFM Equity Partners, to help accelerate growth of its cyber risk management platform, which already serves major insurers including Beazley, Hiscox, Chubb and SCOR.

DynaRisk was founded by Andrew Martin, a former HSBC and RBC cybersecurity specialist, and self-taught hacker. He launched the company after recognising that the insurance industry needed more tools and data to help them tap the fast-growing cyber insurance and cyber assistance market.

DynaRisk currently supports more than 25 insurance customers worldwide, covering approximately 2.4m consumers and 800,000 SMEs.

Its platform embeds directly into insurers' systems via APIs, giving them access to threat intelligence drawn from 32 billion records and real-time monitoring of more than 350 cybercriminal communities.

DynaRisk’s software provides vulnerability scanning, dark web monitoring, cybersecurity scores, training and education, and tailored remediation guidance.

-Backup and data protection provider Commvault has announced growth in the first quarter ended 30 June, 2025.

“We delivered a strong start to the fiscal year, fuelled by customer growth, disciplined execution, and rising demand for our industry-leading cyber resilience platform,” said Sanjay Mirchandani, president and CEO, Commvault. “With a best-in-class partner ecosystem and continuous innovation that we believe sets us apart, we are well-positioned to continue to take share in fiscal 2026 and beyond.”

First quarter fiscal 2026 Highlights:

Total revenues were $282m, up 26% year-over-year

Total ARR grew to $996m, up 24% year-over-year

Subscription revenue was $182m, up 46% year-over-year, inclusive of term-based license revenue of $109m, up 36% year-over-year, and SaaS revenue of $72m, up 66% year-over-year

Income from operations (EBIT) was $25m, an operating margin of 8.9%

-Data backup and management vendor NAKIVO has reported good sales and channel growth in the second quarter.

The firm recorded 22% global revenue growth. The Americas led all regions with a 40% year-over-year revenue increase, followed by EMEA and APJ.

Booked revenue was distributed as follows: 52% from EMEA, 35% from the Americas, and 13% from APJ. The largest deal of the quarter was closed in the Americas, totalling $102,326.

Customer growth remained solid, with a 9% increase compared to Q2 2024. The number of enterprise customers grew by an impressive 43%, “reflecting the growing trust of large-scale organisations in our solution,” said NAKIVO.

The company’s global partner network expanded with 225 new partners joining in Q2 2025, a 21% increase year-over-year.

In the cloud segment, NAKIVO recorded a 20% year-over-year increase in the number of registered cloud providers.

-Dell’Oro Group says the router and aggregation switch market is forecast to grow at a 4% CAGR over the next five years, with cumulative router revenue reaching $73 billion.

The outlook for high-end routers was slightly raised as the market rebounds from the 2024 inventory correction. Analyst Jimmy Yu points to rising demand from cloud providers building AI infrastructure and applications.

Core routers are expected to lead growth, with North America seeing the strongest regional gains thanks to hyperscaler expansion.

Send Markets news to: a_savvas@yahoo.co.uk