BOTS Inc. JV Partners - Cyber Security Group LLC, Launches Cybhub-Online Marketplace for Curated IT Solutions and Investment Opportunities

Rhea-AI Summary

BOTS, Inc. (OTC: BTZI) has launched Cybhub, an online marketplace for curated IT solutions in partnership with Cyber Security Group LLC. Cybhub offers various software solutions including cybersecurity products and tailored investment opportunities in high-tech startups. The marketplace is designed to ensure quality through rigorous scrutiny of the startups and products featured. BOTS aims to capitalize on the expanding cybersecurity market, projected to reach USD 192.70 billion by 2028, with a focus on software sales, custom development, and investments.

Positive

• Launch of Cybhub, expanding BOTS' market presence in IT solutions.
• Growth potential in the cybersecurity market, projected to reach USD 192.70 billion by 2028.
• Partnership with Cyber Security Group LLC enhances credibility and service offerings.

Negative

• None.

San Juan , Puerto Rico , Aug. 02, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), (“BOTS” or "The Company"), a global technology company specialized in Blockchain-based solutions, decentralized finance applications, cybersecurity solutions, crypto consulting, mining equipment repairs and insurance today announced in association with Cyber Security Group LLC the launching of Cybhub, an online marketplace for curated IT ready-made solutions.

Cybhub is an online marketplace that features curated, ready-made software solutions such as cybersecurity products and malware sandboxes as well as curated investment opportunities in high-tech startups such as cryptocurrency exchanges and related projects. The platform acts as a buffer to fully scrutinize and audit startups for the benefit of clients and investors. Cybhub offers turnkey and custom software development and solutions such as:

• Blockchain Technologies
• Cybersecurity Penetration Testing
• Business Automation Software
• Desktop Development
• Code Review and Certification
• Legacy Support and Upgrade
• Mobile App Development
• Software Product Development
• Support Maintenance
• UI/UX Solutions
• Web Development

Cybhub is fully involved in the products and startups it commercializes and stands behind the quality of those products. Top software developers and related companies have already begun to negotiate with Cybhub. The current monetization strategy is focused on:

• Selling proprietary and third-party software of various architecture and complexity
• Attracting investment for curated projects and startups
• Custom software development

Cyber Security Group LLC is an ISO/IEC 27001:2013 certified Information Security Management System that aims to capitalize on the fast-growing global cybersecurity market with its proprietary portfolio of SaaS solutions. For more information click here. 

The global cybersecurity services market is expected to reach USD 192.70 billion by 2028, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Continued cybersecurity breaches on the enterprise and individual levels, and the subsequent need to address the vulnerabilities in networks, apps, and systems are the factors expected to drive growth. The need for identifying advanced, persistent threats to networks, monitoring critical infrastructure 24/7, and penetration testing applications for meeting various regulatory compliance standards and acts, such as FISMA, MARS-E, PCI DSS, Sarbanes-Oxley (SOX), and HIPAA, is expected to contribute to the growth of the market.

Key suggestions from the report:

Advancements in artificial intelligence, machine learning, and the internet of things are disrupting cyberspace and reshaping the global threat landscape, thereby driving the growth of the market over the forecast period.

The healthcare segment is anticipated to exhibit the highest CAGR of 11.4% over the forecast period. The increased instances of cybercrimes in the recent past, and particularly during the outbreak of the COVID-19 pandemic, have prompted healthcare application developers to address the application vulnerabilities.

Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growing demand for penetration testing and bug bounty services in line with the mandatory compliances, which require periodic technological evaluation, is expected to drive the growth of regional markets.

Some of the major players operating in this market include Accenture, AT&T, Atos SE, Cisco, IBM, and Rapid7.

About BOTS, Inc.

BOTS, Inc. is a global technology company specialized in Blockchain-based solutions including decentralized finance applications for the financial industry, cybersecurity solutions and owns a portfolio of digital assets and crytpo-related businesses such as BeadSwap, a decentralized crypto exchange, Bitcoin ATM machines and corresponding US patents and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company.  The Company also provides crypto mining consulting, optimization, and crypto mining equipment repair and insurance.

Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/

Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

Find BTZI news at http://www.bots.bz

Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.

For more information, visit http://www.bots.bz

Visit BTZI on Facebook

https://www.facebook.com/Bots.Bz/

Follow BTZI on Twitter @Bots_bz

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.

Contact:

Oleksandr Gordieiev

CEO

info@bots.bz

FAQ

What is the recent news about BOTS, Inc. (BTZI)?

BOTS, Inc. announced the launch of Cybhub, an online marketplace for curated IT solutions in collaboration with Cyber Security Group LLC.

What is Cybhub and how does it relate to BTZI?

Cybhub is an online marketplace launched by BOTS, Inc. that offers cybersecurity products and investment opportunities in high-tech startups.

What are the financial expectations for the cybersecurity market?

The global cybersecurity services market is expected to reach USD 192.70 billion by 2028, with a CAGR of 10.2%.

How does the launch of Cybhub benefit BOTS, Inc.?

The launch of Cybhub expands BOTS, Inc.'s market presence and provides additional revenue streams through software sales and custom development.

Who partnered with BOTS for the launch of Cybhub?

BOTS partnered with Cyber Security Group LLC, a certified information security management system provider, for the launch of Cybhub.