toronto, January 24, 2023 /PRNewswire/ – Cybeats Technologies Corp. (“Cybeats” or the “Company”) (CSE: CYBT) is pleased to announce the signing of a three-year software license agreement for Cybeats SBOM studio1 Work with a global leader in building technology and industrial automation to manage its software bill of materials (SBOM) and improve security across the software supply chain.
The multi-year agreement will see SBOM Studio deployed by one of the world’s leading providers of building technology, software and services, serving hospitals, schools, data centers, airports, stadiums and manufacturing around the world.The agreement is Cybeats’ largest commercial agreement to date, surpassing the company’s previously announced largest contract to date2marking the third major contract with the multibillion-dollar global industrial technology leader, enabling the company to achieve continued growth in this large vertical.
“SBOM Studio continues to demonstrate its immediate value and industry-leading capabilities in several critical infrastructure areas that are translating into commercial success,” Say Joseph WrightCEO, Cybeats. “Industrial technology is one of the most vulnerable targets for software supply chain attacks, and the selection of SBOM Studio by multiple Fortune 500 industry leaders gives us the evidence we need to rapidly scale our growth in this area and beyond.”
“SBOM management is critical to protecting the integrity of mission-critical systems and software supply chains. With this agreement, SBOM Studio further strengthens its value and capabilities in the ICS and BMS space, where transparency in the software supply chain is critical.” important SBOM producers and consumers,” Say Dmitry RedmanCTO, Cybeats. “Cybeats’ platform provides our customers with the scalability and accuracy necessary to identify vulnerabilities and potential security risks in the software dependencies their systems use, and helps them comply with upcoming regulations and stay ahead of industry standards. “
The agreement was January 17, 2023bringing more than six-figure annual recurring revenue, and Cybeats’ entry into the healthcare industry comes just days after it announced it had signed contracts with three of the world’s top medical device and diagnostics companies.3 The new customer offers one of the world’s largest portfolios of building technologies and services, such as fire protection, HVAC, building automation and industrial controls.
“We are delighted to sign this large client and add to our roster another outstanding industry leader of the size and capability that will help strengthen our position in the construction and infrastructure space,” Say Bob LyleCRO, Cybeats. “SBOM Studio has already received valuable customer endorsements from industry leaders across multiple industry verticals including industrial technology and healthcare, automotive and ad tech, and we expect commercial traction to continue to grow as awareness of Cybeats builds.”
join us Canadian CISO Forum exist Toronto, Ontario From January 30-31 Cybeats hosts a panel discussion on software supply chain security with cybersecurity leaders from CN Rail, Craft Ventures and SAP: https://www.siberx.org/event/ciso-forum-canada-2023/
Join us at Fira Gran Via, barcelona From February 27th – March 2, 2023 exist MWC Barcelona4the world’s most influential device connection and security industry exhibition: https://www.mwcbarcelona.com/
come meet us S4x23 exist Miami February 13-16!Discover new ideas and propose innovative ways to use them to deploy secure and resilient industrial control systems5: https://s4xevents.com/
about SBOM studio
Cybeats’ SBOM Studio enables organizations to efficiently manage, distribute and view their Software Bill of Materials (SBOM) in a single interface. By doing so, they can easily identify and address cybersecurity gaps, reduce protection costs and increase compliance. SBOM Studio is specifically designed to support software producers and consumers who use open source and 3rd party software components and who are transitioning to more transparent software development practices. The tool is compatible with various SBOM generation tools and can verify and correct imported SBOMs to improve their accuracy.
Cybeats is a cybersecurity company that provides SBOM management and software supply chain intelligence technologies to help organizations manage risk, meet compliance requirements, and secure their software from acquisition to development and operations. Our platform provides customers with comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency and increase revenue. Cybeats. ok software. website: https://cybeats.com
subscription: For more information, or to subscribe to the company’s mailing list, please visit: https://www.cybeats.com/investors
Cautionary Statement on Forward-Looking Information
Other than statements of historical fact, this press release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as “plans,” “anticipates,” “projects,” “intends,” “believes,” “expects,” “estimates,” similar words or statements of certain events or conditions “may” or “may” will” happen. Forward-looking statements are based on opinions and estimates as of the date the statements are made and are subject to various risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including but Not limited to delays or uncertainties in regulatory approvals, including CSE approvals. Forward-looking information is subject to inherent uncertainties, including factors beyond the Company’s control. There can be no assurance that plans to commercialize the technology described in this press release will be effective on the terms or within the timeframe described herein. The company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements. Corporate documents are available at sedar.com.
SOURCE Cybeats Technologies Inc.