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Cybeats Technologies Corp. (CYBCF) is a global leader in cybersecurity technology, offering industry-leading solutions in SBOM management and software supply chain intelligence. The company recently announced its inclusion in the 'Secure by Design' initiative by the U.S. Cybersecurity and Infrastructure Security Agency (CISA), highlighting its commitment to enhancing security standards across various tech sectors. With a focus on securing enterprise software realms, Cybeats is at the forefront of promoting secure configurations and transparency in software supply chains. Their innovative platform provides customers with visibility and transparency into their software supply chain, empowering them to manage risk, ensure compliance, and secure their software throughout its lifecycle.Rhea-AI Summary
Cybeats Technologies Corp. provides an overview of recent U.S. cybersecurity policy advancements that support the Company's mission of Software Bill of Materials (SBOM) Management. The company is actively participating in the SBOM standard by contributing to working groups by CISA and is pleased to observe the U.S. administration's push for the adoption of SBOM.
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Cybeats Technologies Corp. has successfully completed SOC 2 Type II certification, demonstrating organizational maturity and information security. This certification enhances Cybeats' ability to meet industry-specific needs and assures customers that their data is protected. SOC 2 compliance is crucial for tech companies, and Cybeats' certification strengthens its credibility in target verticals such as industrial controls, healthcare, and automotive industries.
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Cybeats Technologies Corp. announces the appointment of Justin Leger as CEO. Leger's primary mandates are to optimize commercial operations and accelerate the company's U.S. infrastructure. The appointment follows the successful launch of SBOM Studio. Leger is an accomplished operator with experience in government contracts and will focus on streamlining operations and driving sales results.
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Cybeats Technologies Corp. announces that it has been requested by OTC Markets Group Inc. to issue a statement about promotional activity concerning its common shares traded on the OTCQB market. The Company entered into an advertising agreement with Gold Standard Media, LLC and its affiliates. The Company does not believe the statements in the marketing materials and newsletter emails were materially false or misleading. The promotional activity coincided with increased trading activity in the common shares.
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Cybeats announces new pilot engagement for its SBOM Studio platform with an international technology and infrastructure company. The company has achieved significant growth in Monthly Recurring Revenue (MRR) and has a high pilot conversion rate. The average contract size for its SBOM Studio enterprise is over $700,000.
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Cybeats and CodeSecure partner to automate software supply chain security management
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Cybeats announces engagement with global smart manufacturing leader and provides commercial update highlighting 237% MRR growth
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Cybeats renews software licence agreement with Bullish, showcasing the value of SBOM Studio in enhancing cybersecurity measures. Bullish's focus on institutional digital assets sector and regulated framework contributes to market transparency. Cybeats reports 213% MRR growth YTD, 85% pilot conversion rate, and $707,428 average enterprise contract value for SBOM Studio.
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Cybeats Technologies Corp. reports a 213% monthly recurring revenue (MRR) growth year-to-date. The pilot conversion rate has increased to 85%, and 78% of SBOM Studio clients are Fortune 500 companies. The average contract value for SBOM Studio is $707,428, three times larger than average enterprise SaaS product offerings.
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Cybeats signs license agreement with Top 5 global Medical Device Manufacturer, solidifying its position as an SBOM management leader in the healthcare cybersecurity sector. Several contracts secured with leading MDMs demonstrate Cybeats' commercial success. Estimated value of the healthcare cybersecurity sector is $18 billion. Cybeats has partnered with three of the Top 10 MDMs and is engaged in trial evaluations and contract negotiations with other global MDM leaders. FDA's increased role in regulating medical device cybersecurity and the significance of SBOMs highlight the demand for SBOM management solutions like SBOM Studio. Cybeats' growing expertise in the healthcare industry is driving increasing demand for its effective SBOM management solution.
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FAQ
What is the current stock price of CYBEATS TECHNOLOGIES (CYBCF)?
The current stock price of CYBEATS TECHNOLOGIES (CYBCF) is $0.141 as of September 13, 2024.
What is the market cap of CYBEATS TECHNOLOGIES (CYBCF)?
The market cap of CYBEATS TECHNOLOGIES (CYBCF) is approximately 15.3M.
What is Cybeats Technologies Corp. known for?
Cybeats Technologies Corp. is known for being a global leader in cybersecurity technology, offering solutions in SBOM management and software supply chain intelligence.
What recent initiative has Cybeats Technologies Corp. been included in?
Cybeats Technologies Corp. has been included in the 'Secure by Design' initiative by the U.S. Cybersecurity and Infrastructure Security Agency (CISA), aligning with industry giants to raise security standards across diverse tech sectors.
How does Cybeats' platform benefit customers?
Cybeats' platform provides customers with visibility and transparency into their software supply chain, enabling them to manage risk, ensure compliance, and secure their software throughout its lifecycle.
What sets Cybeats Technologies Corp. apart in the cybersecurity industry?
Cybeats Technologies Corp. stands out in the cybersecurity industry for its commitment to secure configurations, transparency in software supply chains, and innovative solutions for enhancing security in enterprise software realms.
What makes Cybeats Technologies Corp. a trusted partner for its clients?
Cybeats Technologies Corp. has achieved a 100% client retention rate, demonstrating its leadership role in the ICS sector and continued success in delivering operational efficiencies and comprehensive solutions to its diverse blue-chip customer base.
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