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HUB Cyber Security Ltd. (Nasdaq: HUBC) is a prominent player in the cybersecurity sector, focusing on the development of innovative cyber products and software solutions. Established in 2017 by veterans of elite Israeli Defense Forces' intelligence units, HUB Security has rapidly expanded its footprint across over 30 countries. The company specializes in confidential computing and provides advanced cybersecurity computing appliances along with a broad range of professional cybersecurity services.
HUB Security's core business revolves around creating unique solutions that protect sensitive commercial and government information. One of its flagship offerings is an advanced encrypted computing solution designed to thwart hostile intrusions at the hardware level. Additionally, the company offers a comprehensive suite of data theft prevention tools, ensuring robust protection for its clients.
Recent achievements highlight HUB Security's growing influence and reliability in the market. In February 2024, the company announced a renewed partnership with a subsidiary of a major credit card service provider, securing a six-figure contract to enhance risk management and compliance measures. This demonstrates HUB Security's trusted role in safeguarding critical financial data.
Further solidifying its market position, HUB Security entered a landmark five-year agreement with Blackswan Technologies Ltd., a leading U.S. enterprise-AI vendor. This collaboration aims to provide state-of-the-art transaction monitoring and cyber risk mitigation solutions for a top-tier European bank, reflecting HUB's strategic expansion into the finance sector.
Financially, HUB Security is on solid ground. In April 2024, the company successfully secured $8 million through a straight debt financing arrangement. This influx of capital supports HUB's strategic investments and growth initiatives. Additionally, the company recently acquired QPOINT, a firm with annual revenues exceeding $26 million, adding over 100 top-tier customers to HUB's portfolio.
Despite facing legal challenges from Dominion, HUB Security remains steadfast and committed to defending its reputation and business integrity. The company has filed a counterclaim, showcasing its determination to uphold its business operations and client trust.
HUB Security's client base includes high-profile names such as Rafael Advanced Defense Systems, the developer of Israel's 'Iron Dome,' underscoring the company's capability to deliver critical security solutions at a national level. HUB's commitment to excellence and innovation continues to drive its success and market expansion.
For further information or inquiries, please contact: info@hubsecurity.com
HUB Cyber Security Ltd (NASDAQ: HUBC) has partnered with Getronics to form a strategic alliance aimed at enhancing cybersecurity services through their joint platform, GetHUB360. This subscription-based solution will allow businesses to monitor and manage cyber threats in various environments. The partnership secures a contract valued at over €1.3 million spanning three years, focusing on rigorous testing and cyber assessments. HUB Security, founded in 2017 by veterans from Israeli intelligence units, aims to improve its market position amidst a global shortage of cybersecurity professionals. The collaboration is expected to deliver innovative cybersecurity solutions and strengthen both companies' capabilities.
HUB Cyber Security Ltd (NASDAQ: HUBC) appointed Ilan Flato to its Board of Directors as of April 18, 2023. Flato, the president and CEO of the Israeli Association of Publicly Traded Companies, brings 35 years of experience in economic advisory, having served as the former advisor to the Prime Minister of Israel. His background includes roles in managing budgets for key government ministries and holding senior positions in both public and private sectors, which are expected to add significant value to HUB Security's governance and strategic objectives. The appointment is part of HUB Security's goal to enhance its leadership amidst its focus on cybersecurity solutions for sensitive information in over 30 countries.
HUB Cyber Security Ltd (NASDAQ: HUBC) announced the appointment of David Riker as its Global Chief Operating Officer on April 11, 2023. Riker, with over 20 years in technology and risk management, will lead efforts to scale the company's operations and align its two business units: Confidential Computing and Professional Services. He previously held significant positions at WorldAware and BlueLine Grid. CEO Uzi Moskovich emphasized Riker's experience in driving enterprise growth and client relationships. Riker expressed enthusiasm for the company's potential and aims to leverage the large addressable market ahead. HUB Security specializes in cybersecurity solutions that protect sensitive information, operating in over 30 countries.
HUB Cyber Security Ltd (HUBC) will host an online investor event on March 28, 2023, at 10:00 a.m. EST. The event aims to update existing and potential investors on the company's progress and strategic plans. HUB Security specializes in confidential computing cybersecurity solutions and serves over 30 countries. Founded in 2017 by veterans of Israeli defense forces, the company focuses on protecting sensitive information from cyber threats. The event will be hosted by CEO Uzi Moscovici and management. Registration is available through the provided link.
HUB Cyber Security Ltd (Nasdaq: HUBC) will host an online investor event on March 28, 2023, at 10:00 a.m. EST. The event aims to update investors on the company's progress, new developments, vision, and strategic plans. Led by CEO Uzi Moskovich, the session emphasizes HUB's commitment to building transparent relationships with shareholders. Founded in 2017 by veterans of elite Israeli intelligence units, HUB specializes in cybersecurity solutions for sensitive information. With operations in over 30 countries, HUB focuses on innovative computing appliances and cybersecurity services.
HUB Cyber Security Ltd (NASDAQ: HUBC) has announced the appointment of John C. Rogers to its Advisory Board, effective immediately. Rogers brings over 25 years of experience in the government and defense sectors, including roles at the U.S. Department of Defense. His expertise will support HUB as it navigates growth in the confidential computing cybersecurity space, addressing rising security challenges amid digital transformation.
Rogers expressed enthusiasm about contributing to HUB's innovative technology solutions, while CEO Uzi Moskowitz emphasized the strategic value Rogers adds to the company’s expansion efforts.
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