Sollensys Acquires Abstract Media to Protect Corporate Training from Cybercriminals

Rhea-AI Summary

Sollensys Corp has acquired Abstract Media, LLC to enhance its cybersecurity offerings utilizing blockchain technology. This acquisition aims to secure corporate training data from cyber threats, making it impossible for cybercriminals to compromise training content. Abstract Media, renowned for its AR/VR solutions, has partnered with major organizations, enhancing Sollensys' strategy against cybercrimes. The acquisition is expected to bolster data integrity and competitive advantages for clients by integrating advanced technology with innovative training methodologies.

Positive

• Acquisition of Abstract Media enhances cybersecurity capabilities focused on corporate training.
• Abstract Media's established client base includes recognized companies like Rolls Royce and Schlumberger.
• The integration of AR/VR technology with blockchain aims to safeguard mission-critical training data.

Negative

• None.

Integrating Next Generation Cybersecurity Built on Blockchain to Protect Business' Most Important Assets: People and Training

PALM BAY, FL / ACCESSWIRE / October 19, 2021 / Sollensys Corp, the first major cybersecurity company built on blockchain technology, has acquired Abstract Media, LLC, a state-of-the-art AR/VR (augmented reality/virtual reality) company. This acquisition was made to further Sollensys' mission to create a safe and immutable environment for corporate high tech training data or training experiences.

The acquisition accelerates Sollensys' ability to integrate cybersecurity into one of corporate world's most important assets, training for people, both employees and customers.

"The acquisition of Abstract Media fits into Sollensys' strategy to put an end to cybercrimes by making it impossible for cybercriminals to hold hostage or corrupt a single usable piece of corporate training data or training collateral," said Sollensys CEO, Don Beavers. "By purchasing Abstract Media, we believe we can achieve this vision safely, freely, and confidentially. Abstract Media's team will continue with Sollensys following the transaction."

Abstract Media is based in Magnolia, Texas, an up-and-coming entrepreneurial hub nestled just north of Houston. Abstract Media has built proprietary training modules for large organizations such as Rolls Royce, Eaton Corporation, Schlumberger and Texas A&M University.

"Our goal has always been to marry creativity with emerging technology to solve what seem to be impossible business challenges," said Abstract Media CEO, Brian Bogus. "Being a part of Sollensys allows us to confidentially safeguard our customers' mission-critical training data that not only creates insights and efficiencies but competitive advantages for each of them. Until Sollensys, protecting digital video and training assets and mitigating ransomware on the blockchain was inconceivable."

About Sollensys

Sollensys Corp is a math, science, technology, and engineering solutions company offering products that ensure its clients' data integrity through collection, storage, and transmission. Our innovative flagship product is the Blockchain Archive Server, a turn-key, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client's data security that is being utilized. The company recently introduced our second product offering-the Regional Service Center, which offers small businesses the same state of the art technology previously available only to large or very well-funded companies.

Headquartered in Palm Bay, Florida, the Company's primary product is the Blockchain Archive Server-a turn-key, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client's data security that is being utilized.

The Blockchain Archive Server encrypts, fragments and distributes data across thousands of secure nodes every day, which makes it virtually impossible for hackers to compromise. Using blockchain technology, the Blockchain Archive Server maintains a redundant, secure and immutable backup of data. Redundant backups and the blockchain work together to assure not only the physical security of the database but also the integrity of the information held within.

Blockchain Archive Server protects client data from "ransomware"-malicious software that infects your computer and displays messages demanding a fee to be paid in order for your system to work again. Blockchain technology is a leading-edge tool for data security, providing an added layer of security against data loss due to all types of software specifically designed to disrupt, damage, or gain unauthorized access to a computer system (i.e., malware).

Uniquely, the Blockchain Archive Server is a turn-key solution that can stand alone or seamlessly integrate into an existing data infrastructure to quickly recover from a cyber-attack. The Blockchain Archive Server is a server that comes pre-loaded with the blockchain-powered cybersecurity software, which can be delivered, installed and integrated into a client's computer systems with ease.

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements." These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause Sollensys' actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for Sollensys' products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this press release.

Media Contact:
Julie Rieger
CMO
julie@sollensys.com
415-420-1100
Sollensys.com

SOURCE: Sollensys Corp.

View source version on accesswire.com:
https://www.accesswire.com/668716/Sollensys-Acquires-Abstract-Media-to-Protect-Corporate-Training-from-Cybercriminals

FAQ

What is the purpose of Sollensys' acquisition of Abstract Media?

The acquisition aims to enhance cybersecurity offerings, protecting corporate training data using blockchain technology.

What strategic advantages does Sollensys expect from acquiring Abstract Media?

Sollensys expects to improve data integrity and provide competitive advantages to clients by integrating innovative training methodologies.

When was the acquisition of Abstract Media by Sollensys announced?

The acquisition was announced on October 19, 2021.

What technology is Sollensys using to secure corporate training data?

Sollensys is utilizing blockchain technology to ensure the security and integrity of corporate training data.

Who are some of Abstract Media's notable clients?

Abstract Media has worked with major organizations such as Rolls Royce, Eaton Corporation, Schlumberger, and Texas A&M University.