HPN Holdings, Inc. Executes Letter of Intent to Purchase Cyber Security Software Company Cybeta
HPN Holdings (OTC Pink: KICK) has executed a Letter of Intent to acquire Cybeta, a leading cyber security software company. Cybeta offers a patented product suite including Threat Beta for breach likelihood assessment, Threat Alpha for evaluating breach consequences, Vendor Risk Management for supply chain cyber risk, and Overwatch, a virtual SOC.
Cybeta's team, comprised of former NSA, CIA, and government agency professionals, recently identified a foreign infrastructure incursion that other software failed to detect - an incident mentioned in FBI Director's Congressional testimony. The company serves major banks, insurance companies, and private equity firms.
This acquisition represents HPN Holdings' first step in a series of planned acquisitions, aiming to provide Cybeta with growth capital through public market access.
HPN Holdings (OTC Pink: KICK) ha firmato una Lettera di Intenti per acquisire Cybeta, un'azienda leader nel software per la sicurezza informatica. Cybeta offre una suite di prodotti brevettati che include Threat Beta per la valutazione della probabilità di violazione, Threat Alpha per la valutazione delle conseguenze delle violazioni, Vendor Risk Management per la gestione del rischio informatico nella catena di fornitura e Overwatch, un SOC virtuale.
Il team di Cybeta, composto da ex professionisti della NSA, CIA e agenzie governative, ha recentemente identificato un'intrusione in un'infrastruttura estera che altri software non sono riusciti a rilevare - un episodio menzionato nella testimonianza del Direttore dell'FBI al Congresso. L'azienda serve grandi banche, compagnie assicurative e fondi di private equity.
Questa acquisizione rappresenta il primo passo di HPN Holdings in una serie di acquisizioni pianificate, con l'obiettivo di fornire a Cybeta capitale per la crescita attraverso l'accesso ai mercati pubblici.
HPN Holdings (OTC Pink: KICK) ha ejecutado una Carta de Intención para adquirir Cybeta, una empresa líder en software de ciberseguridad. Cybeta ofrece un conjunto de productos patentados que incluye Threat Beta para la evaluación de la probabilidad de violación, Threat Alpha para evaluar las consecuencias de las violaciones, Gestión de Riesgo de Proveedores para el riesgo cibernético en la cadena de suministro y Overwatch, un SOC virtual.
El equipo de Cybeta, compuesto por exprofesionales de la NSA, CIA y agencias gubernamentales, identificó recientemente una incursión en infraestructura extranjera que otros software no lograron detectar - un incidente mencionado en el testimonio del Director del FBI ante el Congreso. La empresa sirve a grandes bancos, compañías de seguros y firmas de capital privado.
Esta adquisición representa el primer paso de HPN Holdings en una serie de adquisiciones planeadas, con el objetivo de proporcionar a Cybeta capital de crecimiento a través del acceso al mercado público.
HPN Holdings (OTC Pink: KICK)은 사이버 보안 소프트웨어 회사인 Cybeta 인수를 위한 의향서를 체결했습니다. Cybeta는 침해 가능성 평가를 위한 Threat Beta, 침해 결과 평가를 위한 Threat Alpha, 공급망 사이버 위험 관리를 위한 공급자 위험 관리, 가상 SOC인 Overwatch를 포함한 특허 제품군을 제공합니다.
Cybeta 팀은 전 NSA, CIA 및 정부 기관 전문가들로 구성되어 있으며, 최근 다른 소프트웨어가 감지하지 못한 외국 인프라 침입을 발견했습니다. 이는 FBI 국장이 의회에서 증언한 사건으로 언급되었습니다. 이 회사는 주요 은행, 보험사 및 사모펀드에 서비스를 제공합니다.
이번 인수는 HPN Holdings가 계획한 일련의 인수 중 첫 번째 단계로, Cybeta에 공개 시장 접근을 통해 성장 자본을 제공하는 것을 목표로 하고 있습니다.
HPN Holdings (OTC Pink: KICK) a signé une Lettre d'Intention pour acquérir Cybeta, une entreprise leader dans le domaine des logiciels de cybersécurité. Cybeta propose une suite de produits brevetés comprenant Threat Beta pour l'évaluation de la probabilité d'une violation, Threat Alpha pour l'évaluation des conséquences des violations, la Gestion des Risques Fournisseurs pour le risque cybernétique dans la chaîne d'approvisionnement, et Overwatch, un SOC virtuel.
L'équipe de Cybeta, composée d'anciens professionnels de la NSA, de la CIA et d'agences gouvernementales, a récemment identifié une incursion dans les infrastructures étrangères que d'autres logiciels n'ont pas pu détecter - un incident mentionné dans le témoignage du Directeur du FBI devant le Congrès. L'entreprise sert de grandes banques, des compagnies d'assurance et des sociétés de capital-investissement.
Cette acquisition représente la première étape d'HPN Holdings dans une série d'acquisitions prévues, visant à fournir à Cybeta un capital de croissance grâce à l'accès aux marchés publics.
HPN Holdings (OTC Pink: KICK) hat einen Absichtserklärung zur Übernahme von Cybeta, einem führenden Unternehmen im Bereich Cybersicherheitssoftware, unterzeichnet. Cybeta bietet eine patentierte Produktpalette an, die Threat Beta zur Bewertung der Wahrscheinlichkeit von Sicherheitsverletzungen, Threat Alpha zur Bewertung der Folgen von Verletzungen, das Vendor Risk Management zur Verwaltung von Cyber-Risiken in der Lieferkette sowie Overwatch, ein virtuelles SOC, umfasst.
Das Team von Cybeta, das aus ehemaligen NSA-, CIA- und anderen Regierungsangestellten besteht, hat kürzlich einen ausländischen Infrastrukturvorfall identifiziert, den andere Software nicht erkannt hat - ein Vorfall, der im Zeugenaussage des FBI-Direktors im Kongress erwähnt wurde. Das Unternehmen bedient große Banken, Versicherungsunternehmen und Private-Equity-Firmen.
Diese Übernahme stellt den ersten Schritt von HPN Holdings in eine Reihe geplanter Akquisitionen dar, mit dem Ziel, Cybeta über den Zugang zum öffentlichen Markt Wachstumskapital bereitzustellen.
- Acquisition of an established cybersecurity company with patented technology
- Existing high-profile client base including major banks and insurance companies
- Proven technology capability demonstrated through detection of major infrastructure threat
- Strategic entry into the growing cybersecurity market
- Financial terms of acquisition not disclosed
- Only Letter of Intent signed, deal not yet finalized
Chicago, Illinois--(Newsfile Corp. - January 22, 2025) - HPN Holdings, Inc. (OTC Pink: KICK) ("HPN") and Cybeta, Inc ("Cybeta") have executed a Letter of Intent for HPN Holdings to acquire Cybeta. Cybeta is a leader in next generation cyber security software with a patented comprehensive product suite which includes Threat Beta which assesses the likelihood of a breach, Threat Alpha which assesses the organizational and monetary consequences of a breach, Vendor Risk Management aimed at cyber risk in the company's supply chain and Overwatch which is a virtual SOC. Cybeta will become an integral part of HPN Holdings, Inc..
"This is a tremendous opportunity for Cybeta to become part of a public entity and raise the necessary growth capital to realize its true potential," said Doug Laux, CEO of Cybeta. "Cybeta has a world class roster of clients which includes major banks, insurance companies and private equity firms and we have delivered impressive results for them. The Cybeta team aided by the Cybeta software recently identified a foreign incursion into the US infrastructure that no other software was able to detect, this incursion and its potential ramifications if left unchecked were part of Director of the FBI's testimony before Congress last January, We continue to see increased worldwide demand for cyber security software solutions and this is the perfect opportunity to provide the necessary growth capital for Cybeta to grow the company."
"HPN evaluated several acquisition opportunities and Cybeta is by far the best opportunity that we have seen in the market today," said Doug Stukel, CEO of HPN Holdings, Inc. "Cybeta has a very impressive client base and a well-respected management team and a seasoned board of directors. The cyber security market is red hot with new incursions every day. The Cybeta team is made up of former cyber security professionals from the NSA, CIA and other government agencies. We are very excited about the long-term potential of Cybeta as this is the first of several planned acquisitions by HPN Holdings."
# # #
About Cybeta
Cybeta enhances cybersecurity by offering a unique perspective: the view through a threat actor's lens. Our platform provides an external vantage point to identify attack methods, quantify the financial impact of potential breaches, and deliver actionable insights to help prevent attacks. When combined with internal cybersecurity solutions, Cybeta offers a comprehensive view of the corporate cyber landscape, enabling organizations to anticipate and address evolving threats effectively.
About HPN Holdings, Inc.
HPN Holdings Inc. is an OTC Markets company trading under the symbol KICK. Its charter is to seek premier operating companies with the specific purpose to grow the company through mergers and acquisition. For more information please direct inquiries to Kaitlin Profita at admin@HPNHoldings.com.
# # #
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by HPN Holdings, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238085
FAQ
What companies will KICK acquire through the Cybeta Letter of Intent?
What products does Cybeta offer that KICK will acquire?
What major achievement did Cybeta's team accomplish that was mentioned in FBI testimony?
Who are Cybeta's current clients that will transfer to KICK after acquisition?
Is this KICK's only planned acquisition in the cybersecurity sector?
