LMNTRIX named Major Player in IDC cybersecurity ranking

LMNTRIX has been named a Major Player in the 2026 IDC MarketScape for worldwide MDR and MXDR services for enterprises, placing the Australian-founded cyber security company alongside larger global technology and services groups.

The ranking marks the latest step in LMNTRIX's progress in analyst assessments, after it was previously named a Leader in IDC's 2024 review of emerging managed detection and response services.

Founded in Australia, LMNTRIX has built its business without external funding and spent more than a decade developing its detection and response technology. It now serves customers in more than 40 countries and works with a partner network of more than 300 organisations.

The recognition comes as LMNTRIX expands beyond its home market. Over the past two years, it has tripled its customer base across Australia and New Zealand, while investing in its UK operation and expanding its presence in the Middle East through senior regional hires and a broader MSP and channel partner network.

Its US business has also grown, with organisations in transport, banking, education and retail adopting the company's technology and managed cyber security services. That wider geographic footprint reflects a shift from a domestic cyber security specialist with overseas operations to a business with a more international profile.

Global expansion

LMNTRIX's latest standing in the IDC MarketScape is notable because Australian cyber security vendors have historically had limited visibility in the upper tiers of global analyst rankings, which are often dominated by large multinational providers. The result suggests technology developed in Australia can compete internationally in managed detection and response.

Carlo Minassian, Founder and Chief Executive Officer of LMNTRIX, linked the result to the wider domestic sector.

"This is bigger than an LMNTRIX milestone. It is a moment the Australian cybersecurity ecosystem should be proud of," said Carlo Minassian, Founder and Chief Executive Officer of LMNTRIX.

Minassian said the result should strengthen confidence in local technology development.

"Australia has incredibly talented engineers, cybersecurity professionals, entrepreneurs and technology companies. We should have enormous confidence in what we are capable of building here and taking to the world.

"We started LMNTRIX with a belief that we could build cybersecurity technology in Australia that could compete with the very best globally. This recognition is another validation of that belief. More importantly, I hope achievements like this encourage Australian businesses, investors and technology leaders to keep backing local innovation. When Australian companies are given the opportunity to prove themselves, there is no reason we cannot build globally significant technology businesses from here," said Minassian.

Platform focus

Alongside its geographic growth, LMNTRIX has continued to invest in its product platform. Its XDR platform now spans 13 native cyber security modules, aimed at helping customers bring together different detection and response functions in a single operating model.

LMNTRIX describes its approach as Active Defence and Assume Breach, an operating model based on the premise that preventive controls may eventually fail and threats may already be present inside an organisation's systems. It says the model uses automated threat hunting, deception technology and an integrated platform architecture to improve detection and reduce the burden of managing multiple separate security tools.

The company says the model is also designed to help customers simplify operations and manage total cost of ownership while retaining flexibility to change security controls as risks evolve. Those arguments are likely to resonate with organisations under pressure to reduce the complexity of security estates built up through years of point-product purchasing.

For managed detection and response providers, analyst recognition can play an important role in winning larger enterprise contracts, especially in overseas markets where customers may be less familiar with newer or regionally founded vendors. Placement in a widely followed industry assessment can also support channel recruitment and partner expansion.

That matters for LMNTRIX because partner-led growth appears central to its international strategy. A network of more than 300 partners gives the business a route into new markets without relying solely on direct sales, while regional hires in the Middle East and investment in the UK indicate a focus on local execution as competition intensifies.

Sahand Bagheri, Head of Growth ANZ at LMNTRIX, said the company was continuing to update the platform.

"The technology and threat landscape is moving incredibly quickly, and so are we. Our roadmap is focused on introducing new ways to defend against emerging threats while continuously raising the standard of experience and outcomes we deliver to our customers," said Bagheri.