CyberCatch Announces Significant Increase in Users of its Unique AI-Enabled SaaS Solution for Cybersecurity Compliance

Rhea-AI Summary

CyberCatch Holdings has reported a 42% increase in its customer base over the last 12 months, with the majority of new clients based in the U.S. (55%) and Canada (45%). This growth spans multiple sectors including defense, manufacturing, healthcare, financial services, education, and retail, particularly focusing on small and medium enterprises (SMEs). The company’s AI-enabled SaaS platform helps businesses stay compliant and mitigate cyber risks effectively and affordably. CyberCatch's solution has been praised by industry professionals for its ease of implementation and effectiveness.

Positive

• 42% increase in customer base over the last 12 months.
• 55% of new customers are from the U.S. and 45% from Canada.
• Expansion into multiple sectors including defense, healthcare, and retail.
• Focus on small and medium enterprises (SMEs), a growing market.
• Positive customer testimonials highlighting effectiveness and affordability.

Negative

• None.

Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - July 4, 2024) - CyberCatch Holdings, Inc. (TSXV: CYBE) ("CyberCatch'' or the "Company"), an innovative cybersecurity company offering an AI-enabled platform solution for continuous compliance and cyber risk mitigation, is pleased to announce significant increase in customers in new segments in North America.

CyberCatch's customer count increased 42% over last 12 months, with a breakdown of 55% in the U.S. and 45% in Canada with increase in new segments, ranging from defense, manufacturing, healthcare, financial services, K-12, higher education, municipalities, professional services, information technology to retail, with a focus on small and medium enterprises (SMEs).

"Cyberattacks and ransomware are increasingly targeting SMEs and the impact is even more severe given their limited resources to prevent, detect or respond. With CyberCatch's solution, SMEs are able to cost-effectively implement the necessary defense that is compliant in order to stay safe," said Sai Huda, CEO, CyberCatch.

"CyberCatch's solution enabled us to implement controls prescribed but also eliminate some gaps and blind spots and attain cyber safety, quickly and cost-effectively. Highly recommend CyberCatch in order to stay proactive," said Don Clement, President, Mission Building Supplies Group.

"Cyber risk is a key business risk faced today. We have been proactively mitigating the risk, but CyberCatch's solution has been invaluable to us to further strengthen risk mitigation with controls prescribed. Highly recommend CyberCatch," said Kevin Hill, IT Director, The Integrity Group.

To learn more and watch a demo of CyberCatch's solution, visit: https://cybercatch.com.

About CyberCatch
CyberCatch Holdings, Inc. (TSXV: CYBE) provides a proprietary, AI-enabled Software-as-a-Service (SaaS) solution that provides continuous compliance and cyber risk mitigation to organizations in critical segments, so they can be safe from cyber threats. The CyberCatch platform focuses on solving the root cause of why cyberattacks are successful: security holes from control deficiencies. It first helps implement all mandated and necessary controls, then the platform automatically and continuously tests the controls from three dimensions (outside-in, inside-out and social engineering) to find control failures so one can fix them promptly to stay compliant and safe from attackers. Learn more at: https://www.cybercatch.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Investor Relations
Phone: 1-866-753-2923
Email: info@cybercatch.com

SOURCE CyberCatch

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215476

FAQ

How much did CyberCatch's customer base increase in the last 12 months?

CyberCatch's customer base increased by 42% over the last 12 months.

What are the primary regions contributing to CyberCatch's customer growth?

The primary regions contributing to CyberCatch's customer growth are the U.S. (55%) and Canada (45%).

Which sectors have CyberCatch expanded into recently?

CyberCatch has expanded into sectors such as defense, manufacturing, healthcare, financial services, education, and retail.

What is the focus of CyberCatch's AI-enabled SaaS platform?

CyberCatch's AI-enabled SaaS platform focuses on continuous compliance and cyber risk mitigation for businesses, particularly small and medium enterprises (SMEs).

What has been the customer feedback on CyberCatch's solution?

Customers have praised CyberCatch's solution for its effectiveness, ease of implementation, and affordability.