Cygna Labs completes acquisition of Diamond IP for added safety experience

Cygna Labs, which gives enterprises worldwide with DDI software program that collectively types the inspiration of IP networks, introduced right now that it has accomplished its acquisition of Diamond IP, a supplier of connectivity, cloud, and safety providers, from British Telecom (BT). 

Phrases of the transaction weren’t revealed.

Christian Ehrenthal will proceed as president and CEO of Cygna Labs, and Michael Dooley was named senior vice chairman of the DDI enterprise unit, the businesses mentioned in a joint media advisory. 

Miami, Florida-based Cygna Labs additionally gives enterprises with cloud safety and compliance IT software program. Diamond IP will add a loyal set of consumers together with its cloud safety experience, the corporate mentioned.

Defining DDI networking software program

DDI is an acronym for a set of different acronyms; it stands for area identify system (DNS),  dynamic host configuration protocol (DHCP), and IP tackle administration (IPAM). DDI is used as a shorthand acronym to explain the combination of those three core parts of networking into one administration resolution.

Enterprises use Cygna Labs’ DDI services and products, along with its industry-leading safety and compliance options, to detect and proactively mitigate knowledge safety threats, move compliance audits and enhance the productiveness of their IT departments. 

“Fashionable DDI programs function the center of right now’s numerous and hybrid networks,” Alexander Haecker, the group CEO of Cygna Labs, mentioned in a media advisory. “They permit constant and correct monitoring of IP tackle and DNS assignments.”

DDI market rising at a quick clip

This market is rising at a 16%  annual price, based on {industry} analyst MarketsAndMarkets. The post-COVID-19 world DDI market measurement is predicted to maneuver from $400 million in 2021 to $836 million by 2026, at a Compound Annual Progress Price (CAGR) of 15.9%.

The key components fueling the DDI market embrace the rise of IoT platforms, growing BYOD development at workplaces, enlargement of current DDI options and adjoining community providers, and vital adoption of virtualization by organizations, the analyst mentioned. Furthermore, the growing want for IPAM and the arrival of IPv6 present profitable alternatives for DDI distributors are different components, M&M mentioned.

The ecosystem of related units witnessed a surge because of the COVID-19 pandemic, and DDI demonstrated its added worth on this more and more related market, M&M mentioned. Practically all individuals working from residence required networks to be extra resilient for functioning correctly, fueling the necessity for environment friendly DDI options and providers. Therefore, the rise of IoT platforms acted as a driver for the DDI market, the analyst mentioned. 

Cygna competes in a market that features Alcatel-Lucent, BlueCat Networks, Cisco Techniques, Incognito Software program Techniques, BT Group, Infoblox, SolarWinds and TCPWave. It’s thought-about among the many largest suppliers of DDI ware on the earth.

“The closing of this acquisition brings us one step nearer to realizing our mission of offering a seamless strategy to safety and compliance options,” Ehrenthal mentioned. “We sit up for this subsequent chapter as we proceed our ongoing progress trajectory.”