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Find out more about XS Matrix, the manufacturer of TheFence™

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Our company

The manufacturer of THEFENCE™ is XS Matrix, an IT security company, headquartered in Miami, FL, USA, and Budapest, Hungary, and having further operations in Frankfurt, Germany as well as Kuala Lumpur, Malaysia. 

Founded in 2016, XS Matrix pioneered risk-based access control technology and expanded its services to include access risk detection. In 2019, the company created the AURA automated access rights control software, then based on that, in 2022 TheFence Access Risk Management Software Platform was launched to the market with innovative identity threat detection solutions such as the SoD & Least Privilege Access Control (on-premise), User Access Review (SaaS) as well as Access Audit, Access Risk Heat Map and Access Profiling Services. 

THEFENCE software platform features highly innovative technologies such as the unique risk scoring metric system, the in-depth granularity of analysis down to the level of elementary access objects, and the AI-powered user access review module.  

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Announcements

XS Matrix Security Solutions Secures Strategic Investment to Accelerate Global Expansion

 

Founded in 2016, the company has steadily built a next-generation, AI–driven Identity Governance and Administration (IGA) platform designed to help organizations of all sizes. It streamlines identity lifecycle management, accelerates onboarding, automates user access reviews, reduces risks and strengthens compliance with international standards such as GDPR, NIS2, SOC2, HIPAA and SOX. With headquarters in Miami and Budapest and an expanding footprint across Europe and Asia, TheFence is positioned to scale internationally.

The investment provides a strong foundation to:
  • Expand across key European markets, strengthening partner ecosystems and enterprise sales capabilities
  • Explore targeted acquisition opportunities that complement the existing product portfolio
  • Accelerate product development, with a continued focus on AI-driven capabilities across identity management, access reviews, risk analysis and dynamic role mining

The investment is executed at the US parent company level, which holds the intellectual property, further reinforcing the company’s international structure and long-term scalability. In the near term, the focus is on scaling revenue, expanding international references and preparing the ground for a potential Series A round.

This funding reinforces a clear strategic direction for the company: to build a globally scalable, AI-first access governance platform that not only strengthens security and ensures regulatory compliance, but also supports faster, more agile business operations. By embedding artificial intelligence into core identity and access processes, TheFence aims to reduce manual workload, improve decision-making accuracy and enable organizations to adapt more quickly to organizational changes such as onboarding, internal mobility or evolving regulatory requirements.

Our leaders

Tamás Mihály

CISA, CISM - Deputy CEO, Co-founder

Spent 10+ years in the financial sector as CISO, specialized in internal fraud prevention, data leakage prevention and monitoring: this experience helped him develop his own methodology for the risk based access profile reviews.

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Harold Teasdale

CISA, CISM - CEO US, Co-founder

Harold spent 20+ years in the cybersecurity industry including 11 years of tenure as the Managing Director of Symantec Hungary and Slovenia. Harold joined forces with Tamas to establish the company XS Matrix as well as to accelerate the go-to-market, business execution and product development of TheFence access risk control solution.

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János Selmeczi

CEO Europe & Asia

Janos, a business professional with over 20 years of experience in the
global technology space, worked with companies such as Symantec, Avaya and Oracle in leading regional sales and channel roles managing cross-functional teams across multiple geographies. Janos joined XS
Matrix in 2022 to be the CEO of TheFence Europe & Asia.

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What users say

"THEFENCE™ UAR PLUS simplifies our work, strengthens our security posture and covers all our crown jewel applications and strategic legacy systems. It has a streamlined, easy-to-use interface. The solution utilizes an AI co-pilot that helped us significantly reduce time spent on compliance efforts and make better decisions at the same time."
Sebastian GuttHead of Governance & Processes at cadooz GmbH, Hamburg, Germany
"TheFence™ DAPP solution has transformed how we manage access at Szerencsejáték Zrt. By leveraging AI-based profiling, we significantly reduced manual access assignments and accelerated onboarding times. What used to take weeks now takes days - with far less effort from IT department. TheFence team was professional, responsive and delivered real results.”
CIO Hungarian National Lottery
"As a meteorological service, our mission is to deliver timely, accurate weather information to help people and organizations stay prepared. To ensure a secure, risk-free environment, we have chosen TheFence™ ARM for access risk management. As an automated risk monitoring and process control solution, it has significantly enhanced our ability to measure and manage access risks across our business applications and IT infrastructure. The automation of continuous risk assessments has minimized human errors and inefficiencies that were previously associated with our manual processes."
Endre Löwinger Head of IT Systems Department at
Hungarian Meteorological Service
“TheFence™ has improved our ability to collaborate effectively and provided us with the necessary information to make faster and better access decisions and handle our overpermissions. With the help of the software our data owners, line managers, approvers are now aware of what they are approving or declining. We have a clear picture of who has access to what.”
CISORegional energy service provider company, CEE
“Before using TheFence™, conducting User Access Reviews for audit compliance used to take way too much time and resources. Now we are able to accomplish the same task quickly and easily. TheFence™ is also able to conduct access reviews for our customized systems and custom applications. Practically any individual technology can easily be developed and connected.”
Head of Information Security, EuropeFinancial institution, global payment network (Nasdaq listed, Fortune 500 company)
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Our accomplishments

digital users analyzed since 2016
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object combinations analyzed
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rules & patterns elaborated
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data source connections elaborated
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Who we are

A team of professionals

The team of XS Matrix consists of developers, programmers and project managers: all specialists of employees’ digital rights & identities.

years experience
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team members
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TheFence™ provides an in-depth analysis of access risks

Access rights analysis is a constantly evolving field. Companies have to keep up with all the changes, otherwise they will become out of date and obsolete. We believe in constant innovation in order to serve our customers the best – a value that can’t be emphasized enough.

We believe that safety means value

A safe company doesn’t have to worry about access rights issues. It is able to plan better, execute better and accomplish more. We believe safety is a value that can be turned into profitability and effectiveness – a real advantage in any competitive market.
Effectiveness is one of the most important aspects of running a large company. In a world of constant competition, it is a matter of profitability and effectiveness. We help professionals to gain effectiveness by liberating them from the mundane and time-consuming tasks of access rights control and allow them to focus their energies on things that matter the most to them.
We do not believe in solving problems. We believe in preventing problems. With prevention comes control, one of the most important things a leader of a large company can dream of. Control in hand can open up a number of possibilities to boost effectiveness and make all fields of work function better. We give leaders the control they need in order to work more efficiently.
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