HUB Cyber Security Acquires BlackSwan Technologies, Delivering Unrivaled AI-Powered Secured Data Fabric Solutions for Financial Institutions Facing Escalating Risks
HUB Cyber Security (NASDAQ: HUBC) has announced a definitive agreement to acquire BlackSwan Technologies in a stock-for-stock transaction, where BlackSwan shareholders will own approximately 31% of the combined entity. The acquisition is expected to close next week, subject to customary conditions.
BlackSwan brings existing contracts with major banking institutions and proprietary AI-powered secured data fabric technology that reduces complex financial systems' total cost of ownership by 50%. Over $50M has been invested in developing BlackSwan's solutions. The company has presence in Sri Lanka, Poland, Germany, the UK, and Israel.
The combined market opportunity is estimated at over $500 million, with expected growth in 2025 and 2026. The merger aims to enhance HUB's cybersecurity framework with BlackSwan's technology to offer improved compliance solutions, data protection, and reduced operational costs through AI-driven processes.
HUB Cyber Security (NASDAQ: HUBC) ha annunciato un accordo definitivo per acquisire BlackSwan Technologies in un'operazione di scambio azionario, in cui gli azionisti di BlackSwan possederanno circa il 31% dell'entità combinata. Si prevede che l'acquisizione si concluda la prossima settimana, soggetta a condizioni consuete.
BlackSwan porta con sé contratti esistenti con importanti istituzioni bancarie e una tecnologia proprietaria di data fabric sicura alimentata da intelligenza artificiale che riduce il costo totale di proprietà dei sistemi finanziari complessi del 50%. Oltre 50 milioni di dollari sono stati investiti nello sviluppo delle soluzioni di BlackSwan. L'azienda è presente in Sri Lanka, Polonia, Germania, Regno Unito e Israele.
La combinazione delle opportunità di mercato è stimata in oltre 500 milioni di dollari, con una crescita prevista nel 2025 e 2026. La fusione mira a migliorare il framework di cybersecurity di HUB con la tecnologia di BlackSwan per offrire soluzioni di conformità migliorate, protezione dei dati e riduzione dei costi operativi attraverso processi guidati dall'IA.
HUB Cyber Security (NASDAQ: HUBC) ha anunciado un acuerdo definitivo para adquirir BlackSwan Technologies en una transacción de intercambio de acciones, donde los accionistas de BlackSwan poseerán aproximadamente el 31% de la entidad combinada. Se espera que la adquisición se cierre la próxima semana, sujeta a condiciones habituales.
BlackSwan aporta contratos existentes con importantes instituciones bancarias y una tecnología de tejido de datos seguros impulsada por inteligencia artificial que reduce el costo total de propiedad de sistemas financieros complejos en un 50%. Se han invertido más de 50 millones de dólares en el desarrollo de las soluciones de BlackSwan. La empresa está presente en Sri Lanka, Polonia, Alemania, el Reino Unido e Israel.
La oportunidad de mercado combinada se estima en más de 500 millones de dólares, con un crecimiento esperado en 2025 y 2026. La fusión tiene como objetivo mejorar el marco de ciberseguridad de HUB con la tecnología de BlackSwan para ofrecer soluciones de cumplimiento mejoradas, protección de datos y reducción de costos operativos a través de procesos impulsados por IA.
HUB Cyber Security (NASDAQ: HUBC)는 BlackSwan Technologies를 주식 거래 방식으로 인수하기로 최종 합의했다고 발표했습니다. BlackSwan의 주주는 결합된 사업체의 약 31%를 소유하게 됩니다. 인수는 일반적인 조건에 따라 다음 주에 마무리될 것으로 예상됩니다.
BlackSwan은 주요 은행 기관과 기존 계약을 체결하고 있으며, 복잡한 금융 시스템의 총 소유 비용을 50% 줄이는 AI 기반의 안전한 데이터 패브릭 기술을 보유하고 있습니다. BlackSwan의 솔루션 개발에는 5천만 달러 이상이 투자되었습니다. 이 회사는 스리랑카, 폴란드, 독일, 영국 및 이스라엘에 있습니다.
결합된 시장 기회는 5억 달러 이상으로 추정되며, 2025년 및 2026년에 성장이 예상됩니다. 이번 합병은 HUB의 사이버 보안 프레임워크를 BlackSwan의 기술로 강화하여 향상된 준수 솔루션, 데이터 보호 및 AI 기반 프로세스를 통한 운영 비용 절감을 제공합니다.
HUB Cyber Security (NASDAQ: HUBC) a annoncé un accord définitif pour acquérir BlackSwan Technologies dans le cadre d'une transaction en actions, où les actionnaires de BlackSwan posséderont environ 31 % de l'entité combinée. L'acquisition devrait se conclure la semaine prochaine, sous réserve de conditions habituelles.
BlackSwan dispose de contrats existants avec de grandes institutions bancaires et d'une technologie de données sécurisées, alimentée par l'intelligence artificielle, qui réduit de 50 % le coût total de possession des systèmes financiers complexes. Plus de 50 millions de dollars ont été investis dans le développement des solutions de BlackSwan. L'entreprise est présente au Sri Lanka, en Pologne, en Allemagne, au Royaume-Uni et en Israël.
L'opportunité de marché combinée est estimée à plus de 500 millions de dollars, avec une croissance prévue en 2025 et 2026. La fusion vise à améliorer le cadre de cybersécurité de HUB avec la technologie de BlackSwan pour offrir de meilleures solutions de conformité, une protection des données et des coûts opérationnels réduits grâce à des processus guidés par l'IA.
HUB Cyber Security (NASDAQ: HUBC) hat eine endgültige Vereinbarung zur Übernahme von BlackSwan Technologies in einer Aktien-gegen-Aktien-Transaktion getroffen, wobei die Aktionäre von BlackSwan etwa 31% des kombinierten Unternehmens besitzen werden. Der Abschluss der Übernahme wird für die nächste Woche erwartet, vorbehaltlich üblicher Bedingungen.
BlackSwan bringt bestehende Verträge mit großen Banken und proprietäre, KI-gestützte sichere Datenmanagement-Technologie mit, die die Gesamtkosten komplexer Finanzsysteme um 50% senkt. Über 50 Millionen US-Dollar wurden in die Entwicklung der Lösungen von BlackSwan investiert. Das Unternehmen hat Standorte in Sri Lanka, Polen, Deutschland, dem Vereinigten Königreich und Israel.
Die kombinierte Marktchance wird auf über 500 Millionen Dollar geschätzt, mit einem erwarteten Wachstum in 2025 und 2026. Die Fusion zielt darauf ab, das Cybersecurity-Rahmenwerk von HUB mit der Technologie von BlackSwan zu verbessern, um verbesserte Compliance-Lösungen, Datenschutz und reduzierte Betriebskosten durch KI-gestützte Prozesse anzubieten.
- Stock-for-stock acquisition provides expansion without cash expenditure
- Access to BlackSwan's established contracts with major banking institutions
- Proprietary technology reduces financial systems costs by 50%
- $500M+ market opportunity with growth expected in 2025-2026
- Geographic expansion into Sri Lanka, Poland, Germany, UK, and Israel
- Integration of $50M worth of developed technology solutions
- 31% dilution for existing HUBC shareholders
- Transaction subject to closing conditions and regulatory approvals
Insights
The strategic acquisition of BlackSwan Technologies marks a transformative deal that significantly enhances HUB's market position in the secured data fabric space. With
The deal's value proposition centers on cost efficiency, with BlackSwan's technology reducing operational expenses by
BlackSwan's AI-powered secured data fabric technology represents a significant technological leap for HUB. The integration creates a comprehensive security stack that combines HUB's cybersecurity framework with BlackSwan's advanced data management capabilities. The global presence across Sri Lanka, Poland, Germany, the UK and Israel provides robust development capabilities and diverse market access.
The technology's ability to reduce total cost of ownership by
This acquisition strategically positions HUB in the rapidly growing regulatory technology market. The timing is optimal given the increasing regulatory pressures and cybersecurity threats facing financial institutions. The existing client relationships with major banking institutions provide a strong foundation for market expansion.
The projected
TEL AVIV, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a global leader in advanced cybersecurity and data fabric technology, today announced that it has entered into a definitive agreement to acquire BlackSwan Technologies, Inc. (“BlackSwan”). The transaction is subject to customary closing conditions and is expected to close next week.
This acquisition positions HUB as the dominant player in secured data fabric solutions - a critical shield for banks and financial institutions navigating an increasingly complex regulatory and cybersecurity landscape. The acquisition of BlackSwan Technologies represents a pivotal milestone in HUB’s strategy to deliver cutting-edge solutions tailored to industries where security and compliance are paramount.
BlackSwan adds to HUB’s rich portfolio a number of existing, long-term, and ongoing contracts with well-respected, large worldwide banking institutions. HUB will continue to implement, support, and maintain these contracts using BlackSwan’s uniquely advanced technology together with HUB’s existing and proven delivery platform.
BlackSwan’s solutions are trusted by large global banks, fintech firms, blue-chip companies, financial institutions and investment funds. HUB and BlackSwan have been collaborating for the past six months and have been working together to close new contracts in regulatory tech and other critical use cases. With an established presence in Sri Lanka, Poland, Germany, the UK, and Israel, BlackSwan brings a diverse, global customer experience and extensive market reach to HUB’s existing client portfolio.
In addition, BlackSwan’s proprietary AI-powered secured data fabric technology reduces the total cost of ownership of complex financial systems by
Integrating BlackSwan’s advanced capabilities into HUB’s portfolio creates a leading provider in the secured data fabric vertical. Together, the new combined entity is expected to offer unparalleled solutions to industries like banking, insurance, healthcare, and big data, empowering organizations to protect sensitive data at scale and meet evolving compliance demands. The acquisition also enables HUB to provide an ideal, robust platform safeguarding against money laundering and other modern challenges constantly facing the global financial market.
This acquisition underscores HUB’s commitment to equipping financial institutions with the tools they need to address escalating regulatory pressures, rising cyber threats, and operational inefficiencies. By integrating BlackSwan’s state-of-the-art technology into HUB’s existing cybersecurity framework, the combined company is expected to offer enhanced compliance solutions for meeting global regulatory standards, industry-leading protection for sensitive information, and significant reductions in operational expenses through advanced AI-driven processes.
The market opportunity for the combined operations of HUB and BlackSwan following the acquisition is believed to be worth over
Under the terms of the definitive agreement, the acquisition is structured as a stock-for-stock transaction, resulting in BlackSwan’s shareholders owning approximately
Noah Hershcoviz, CEO of HUB Cyber Security, commented:
“This acquisition represents a transformative step for HUB, which we believe will solidify our position as a secured data management and compliance solutions leader. We are on track for every single item delivered moving forward towards making HUB the unparalleled top choice for cybersecurity and data management solutions. BlackSwan’s groundbreaking technologies will enable us to deliver unmatched value to our clients, particularly in the financial sector, where the stakes for security and compliance have never been higher.”
Ranan Grobman, Director at BlackSwan Technologies, added:
“We are thrilled to join forces with HUB Cyber Security. We believe this acquisition will enable us to scale our innovative solutions to a broader audience, enhancing our ability to deliver mission-critical security and compliance tools across industries. Together, we believe we will not only redefine data protection but also set a new standard in securing the digital future of our global clients.”
About HUB Cyber Security Ltd.
HUB Cyber Security Ltd (“HUB”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The Company specializes in advanced cybersecurity solutions that protect sensitive commercial and government information. HUB’s offerings include encrypted computing technologies that prevent hardware-level intrusions and innovative data theft prevention solutions. Operating in over 30 countries, HUB serves a diverse client base with its cutting-edge cybersecurity appliances and services.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated benefits to HUB of the acquisition of BlackSwan, anticipated market opportunity, and the anticipated timeline to closing the transaction. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “future,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “seem,” “should,” “will,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of HUB Security, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the HUB Security and the following: (i) significant uncertainty regarding the adequacy of HUB Security’s liquidity and capital resources and its ability to repay its obligations as they become due; (ii) the war between Israel and Hamas commenced in October 2023, and the expansion of hostilities to other fronts, which may harm Israel’s economy and HUB Security’s business; (iii) expectations regarding HUB Security’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB Security’s ability to invest in growth initiatives and pursue acquisition opportunities; (iv) the outcome of any legal or regulatory proceedings against HUB Security in connection with our previously announced internal investigation or otherwise; (v) the ability to cure and meet stock exchange continued listing standards and remain listed on the Nasdaq; (vi) competition, the ability of HUB Security to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) limited liquidity and trading of HUB Security’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB Security may be adversely affected by other economic, business, and/or competitive factors; (i) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in HUB Security’s Annual Report on Form 20-F/A filed on October 22, 2024. In addition, there can be no assurance that the closing conditions in the merger agreement with BlackSwan will be satisfied in a timely basis or at all.
Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by the management of HUB Security prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB Security or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in the press release. Except to the extent required by applicable law or regulation, HUB Security undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.
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FAQ
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