Deep Instinct Announces First-Of-Its-Kind Stratosphere Partner Program

40
Deep Instinct Announces First-Of-Its-Kind Stratosphere Partner Program-01

Deep Instinct, the first company to apply end-to-end deep learning to cybersecurity, today announced its new partner program, Stratosphere. The model flips the traditional program framework to instead focus on expected partner margins (as high as 35%), rather than discount, and is based on deal origination path – partner initiated vs. Deep Instinct initiated. Additionally, partners can earn incremental margin based on frequent-flyer style loyalty points earned through commitment to and investment in Deep Instinct rather than through volume bookings alone. The company plans to make the new Stratosphere program and loyalty points model available starting May 1, 2022.  

“I’m grateful to be part of a team that is simultaneously disrupting both the cybersecurity industry and traditional channel models,” says Brian Feeney, Vice President of Global Channels and Alliances. “As a channel team, we were tired of partner programs that are 60-slides long and require a master’s degree to understand. Additionally, so many vendors talk about an expected discount off of list price, but that just doesn’t resonate with partners if the customer price is, in reality, close to their expected discount. Instead, by focusing on expected margin through emphasizing simplicity, profitability, and memorability, we plan to provide our partners with an easy to understand one-page partner program and the opportunity to realize up to 35% deal margin.” 

Also Read: Cybersecurity in 2022 – The Need for Next-Generation E-Mail Security

Deep Instinct’s sales go-to-market strategy has evolved to a 100% channel focus over the past few years and the Stratosphere name was selected to reflect the level of the atmosphere that pilots seek to climb towards to avoid the turbulence. That’s very much in-line with the benefits that Deep Instinct and our partners bring to our joint customers through cutting-edge cybersecurity solutions. Unlike traditional models, Stratosphere will not offer legacy medallion tiers or volume-based recognition. Rather, it offers clear and expected margins, eliminating set discount schedules that are confusing to follow. It will also increase partners’ expected margins in 1% increments up to a max of 5% by earning “loyalty points” modeled similar to airline programs. A few categories and benefits of these “loyalty points” include: 

·        Categories: business plan completion, certifications (DISC, DICE, DISEC, Deploy), partner-initiated pipeline creation, # of partner-initiated opportunities in POV, # of partner-initiated opportunities closed, net-new logos generated for Deep Instinct, # of endpoints sold 

·        Benefits: higher expected margins, MDF priority, opportunity to receive leads from Deep Instinct, joint marketing planning and priority for customer-facing events, dedicated channel account manager coverage, incentives and SPIFs  

According to Ahmed Shah, senior vice president of strategic alliances and partnerships at Optiv, “Deep Instinct’s new partner-friendly program is focused on optimizing the most from its service. It provides an innovative yet simple approach to collaborating with industry-leading partners to deliver a more predictable path toward success.”  

“We are thrilled to be part of Deep Instinct’s Stratosphere Partner Program. We continue to see great potential in working together to transform how clients approach their cybersecurity challenges by concentrating on a preventive approach. The new program’s focus on expected partner margins and based on deal origination path optimizes our joint go-to-market efforts and profitability,” said Jonny Scott, Head of Alliances at Phoenix Software Limited. 

For more such updates follow us on Google News ITsecuritywire News. Please subscribe to our Newsletter for more updates.