In a move designed to signal its evolution from security vendor to more sophisticated provider of more varied services, MyDigitalShield has re-branded itself OmniNet Inc.
The name change comes three months after the Wilmington, Del.-based company added OmniWAN, an SD-WAN service, to its existing cloud-based unified threat management and firewall-as-a-service offerings.
“We now offer not just a ‘shield’ but an omni-present network architecture that enhances all other technologies and applications,” said OmniNet founder and CEO Andrew Bagrin in a press statement. “Although we have a new name, we continue to focus on the same goal—to be the secure networking foundation for all other services offered by partners.”
OmniWAN is designed to work in tandem with the company’s OmniShield UTM solution. Businesses can use OmniNet’s OmniBridge routers or their own gateway devices to link the two services.
OmniNet’s focus on security and SD-WAN connectivity positions at the intersection of two high-growth markets. According to analyst firm IDC, security spending will rise at an 8.7 percent compound annual growth rate through 2020 to $105 billion, while SD-WAN outlays will climb at a torrid 69.6 percent CAGR through 2021 to $8.05 billion.