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CYBEATS TECHNOLOGIES CORP - CYBCF STOCK NEWS

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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.
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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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Cybeats signs top 3 European telecom operator for evaluation of SBOM Studio
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Cybeats signs pilot evaluation agreement with a renowned SP 500 electrical and power systems multinational
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Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) has appointed Chris Hughes, a renowned cybersecurity expert, to its Advisory Board. Hughes, co-founder of Aquia Inc., brings decades of experience in areas such as cloud, DevSecOps, software supply chain security, and software bill of materials (SBOM). He is also the author of the recently published book "Software Transparency" by Wiley, focusing on software supply chain security and SBOMs.

Hughes expressed honor in joining Cybeats' Advisory Board and admiration for the company's accomplishments in delivering products that meet leading enterprises' needs across various industries. Dmitry Raidman, CTO of Cybeats, stated that working with highly respected industry leaders like Hughes demonstrates Cybeats' traction and growing impact within the cybersecurity industry. The company remains committed to providing comprehensive SBOM solutions for addressing critical software supply chain needs of enterprises worldwide.

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Cybeats Technologies Corp. announces the White House's National Cybersecurity Strategy Implementation Plan (NCSIP) that includes the Software Bill of Materials (SBOM) as a key pillar. This validates Cybeats' position in the cybersecurity industry and its commercial expansion. Cybeats is actively participating in the SBOM standard and working groups by CISA.
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FAQ

What is the current stock price of CYBEATS TECHNOLOGIES (CYBCF)?

The current stock price of CYBEATS TECHNOLOGIES (CYBCF) is $0.1188 as of October 15, 2024.

What is the market cap of CYBEATS TECHNOLOGIES (CYBCF)?

The market cap of CYBEATS TECHNOLOGIES (CYBCF) is approximately 14.1M.

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.

CYBEATS TECHNOLOGIES CORP

OTC:CYBCF

CYBCF Rankings

CYBCF Stock Data

14.07M
114.28M
1.77%
Software - Infrastructure
Technology
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United States of America
Toronto