We are pleased to share with you our Security Market Flash Report for 2Q 2019 with a focus on Zero Trust. Until recently, security models have been firewall-centric with the main focus on erecting a perimeter around the corporate network. However, this model has increasingly come under attack, calling for a a new paradigm wherein the concept of trust in a security context is dramatically altered. In a Zero Trust framework, all users are treated equally regardless of whether they sit inside or outside of the corporate firewall. What matters is who you are, not where you are. Put simply, identity becomes the new perimeter. Not surprisingly, there has been a burgeoning population of security vendors, both large and small, seeking to expand their offerings in the space, which has seen over $3.2B of disclosed M&A value in the last 12 months.