Tego Cyber Inc. Increases Annual Recurring Revenue Through Expanded Partnership With Brier & Thorn
Rhea-AI Summary
Tego Cyber Inc. (OTCQB:TGCB) has expanded its partnership with Brier & Thorn, a global Managed Security Service Provider (MSSP). This expansion includes integrating Tego Threat Intelligence into Brier & Thorn's Managed Detection and Response (MDR) services, aiming to enhance detection capabilities and improve Mean Time to Detect (MTTD) for clients.
The strengthened partnership is expected to increase annual recurring revenue for Tego Cyber by adding new end users of their solutions. Bobby Mikkelsen, CEO and CFO of Tego Cyber, emphasized the company's focus on strengthening partner relationships. Carolina Ruiz Gonzalez, CEO of Brier & Thorn, highlighted that the integration of Tego's actionable threat intelligence will help reduce false positives from EDR, XDR, and SIEMs, allowing their team to focus on addressing genuine threats.
Positive
- Expanded partnership with Brier & Thorn, a global MSSP
- Integration of Tego Threat Intelligence into Brier & Thorn's MDR services
- Expected increase in annual recurring revenue through new end users
- Improved detection capabilities and Mean Time to Detect for clients
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TGCB declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LAS VEGAS, NV / ACCESSWIRE / August 6, 2024 / Tego Cyber Inc. (OTCQB:TGCB), a cybersecurity company focused on threat intelligence, detection and correlation tools, today announced it has expanded its partnership with Brier & Thorn, a global Managed Security Service Provider (MSSP) with deep roots in Latin America. As part of the strengthened relationship, Tego Threat Intelligence will now be included as part of Brier and Thorn's Managed Detection and Response ("MDR") services, providing added value to its client base and strengthening their detection capabilities and improving their Mean Time to Detect (MTTD).
"We have dedicated substantial energy and resources to strengthen our partner relationships this year," stated Bobby Mikkelsen, CEO and CFO of Tego Cyber. "Brier and Thorn have been a great partner, and we are pleased to expand our relationship to capture new business opportunities. The contextual and actionable Threat Intelligence that we provide adds value to Brier and Thorn's offering to its clients while providing greater recurring revenue opportunities for us by adding new end users of Tego solutions."
"We are thrilled to announce the expansion of our partnership with Tego Cyber," expressed Carolina Ruiz Gonzalez, CEO of Brier & Thorn. "This enhancement allows us to integrate actionable threat intelligence into our services, significantly reducing false positives from EDR, XDR, and SIEMs. This means our team can now focus on what truly matters-addressing genuine threats and strengthening our clients' security posture."
About Brier & Thorn Inc.
Brier & Thorn is a leading multinational Managed Security Service Provider (MSSP) with over a decade of experience in delivering comprehensive security operations. Our product-agnostic Security Operations Center (SOC) is designed to provide full-circle protection, ensuring that organizations of all sizes receive the highest level of security expertise.
Our vision is to democratize Managed Detection and Response (MDR), making sophisticated security capabilities accessible not just to the largest corporations but to businesses across the spectrum, from Main Street to Wall Street. At Brier & Thorn, we are dedicated to leveling the playing field in cybersecurity, ensuring that every organization, regardless of its size, benefits from top-tier security operations and expertise.
Contact:
Brier & Thorn Inc
1855 1st Avenue
San Diego, CA. 92101
USA
Brier & Thorn Mexico
Rampa Aeropuerto 16000
Col. La Pechuga
Tijuana, Baja California 22425
Mexico
Tel: 855-939-0100 (North America)
Tel: +1 725-726-7840 (International)
Email: info@brierandthorn.com.mx
Web: www.brierandthorn.com
Facebook: facebook.com/brierandthorn
LinkedIn: linkedin.com/company/brier-&-thorn
X/Twitter: twitter.com/brierandthorn
About Tego
Tego Cyber Inc. was founded to mitigate and develop solutions for the disparity in the rapidly evolving cyber threat hunting, correlation, and threat intelligence market. Tego's curated threat intelligence feed not only contains a comprehensive list of indicators of compromise, but also provides additional context including specific details needed to counteract threats so that security teams can spend less time searching for disjointed indicators of compromise. Tego's threat detection and correlation engine integrates with top security and data lake platforms to proactively identify threats. The Tego threat correlation engine allows security teams to find threats faster using curated data feeds, powerful and low latency searches across large disparate data sets, and user-friendly visualizations that help reduce the time to detection, response and remediation. For more information, please visit www.tegocyber.com.
Forward-Looking Statements
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this press release are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks factors described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.
Contact:
Corporate
Tego Cyber Inc.
8565 S Eastern Avenue, Suite 150
Las Vegas, Nevada 89123
USA
Tel: 855-939-0100 (North America)
Tel: +1 725-726-7840 (International)
Email: info@tegocyber.com
Web: tegocyber.com
Facebook: facebook.com/tegocyber
LinkedIn: linkedin.com/company/tegocyber
X/Twitter: twitter.com/tegocyber
Investor Relations
Brett Maas
Managing Partner
Hayden IR
Tel: 480-861-2425
Email: brett@haydenir.com
SOURCE: Tego Cyber Inc.
View the original press release on accesswire.com
FAQ
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How will Tego Cyber's Threat Intelligence benefit Brier & Thorn's clients?
What services will include Tego Cyber's Threat Intelligence as part of the expanded partnership?
When did Tego Cyber (TGCB) announce the expansion of its partnership with Brier & Thorn?
