Turkish tech firm Kron on Friday was listed as a leader in the field of cybersecurity, according to the latest report by a major international research and advisory company.
Kron is the first and only Turkish firm recognized as a leading Privileged Access Management (PAM) solutions company on the list, published by U.S.-based firm Gartner, in the most recent Magic Quadrant for PAM.
The report, which is updated every two years, globally evaluates all companies in the field and selects leaders based on their level of technology, creativity and activities in the market. Kron was among the 12 companies listed in the report.
Kron board Chairman Lütfi Yenel said that as a Turkish company producing advanced technology software products, being among the world's first 12 PAM producers in the global arena was an indicator of effective research and development (R&D) activities, as well as "superior operational capabilities on a global scale and competitive product quality."
Yenel stressed that Gartner prepared its reports by determining which firms made a difference in competition and based on real data and over 500 impartial criteria, including customer satisfaction and product and marketing strategy
"Just as we have before, we'll continue to produce innovative and competitive software products with our effective R&D investment in the future," Yenel said.
PAM refers to a comprehensive cybersecurity strategy that helps organizations secure, control, monitor and survey all human and non-human critical identities and activities.
Before being recognized by the Gartner report, Kron was listed in reports of other leading research and advisory companies such as KuppingerCole and Forrester.
Founded in 2007, Kron specializes in providing solutions to businesses, especially telecommunications operators and large enterprises. The company sells its domestically developed security software that masks personal data to 26 countries, including the U.S. and Pakistan.
Apart from its most recently opened Izmir office, Kron operates in Istanbul, New Jersey, Ankara, Dubai and Islamabad.