HUB Security Forms Partnership with Blackswan Technologies
HUB Cyber Security Ltd. (NASDAQ: HUBC), a leading developer of cybersecurity and advanced data fabric solutions, has officially announced the formalization of its partnership with Blackswan Technologies (BST), a U.S.-based enterprise-AI vendor. This collaboration represents a significant step forward following earlier updates about their relationship. Together, the two companies will co-develop and present state-of-the-art secured data fabric (SDF) solutions specifically designed for large financial institutions and government organizations.
Innovative Solutions for Data Security
Building on a successful initial phase, the partnership aims to merge BST's unique data fabric architecture with HUB Security's robust cybersecurity frameworks. This integration is expected to significantly enhance security capabilities while also cutting data management and security costs by more than 30%. These savings will come from eliminating costly Extract, Transform, Load (ETL) processes and reducing unnecessary expenses related to data lakes.
Achievements and Future Aspirations
Noah Hershcoviz, CEO of HUB, expressed his excitement about the collaboration, stating, "We are thrilled to formalize our collaboration with Blackswan Technologies, setting the stage to lead the burgeoning Secured Data Fabric (SDF) market. We believe this partnership will foster innovation in major financial institutions, and we are already working on a significant deal in Western Europe." The partnership is poised to bring advancements in security capabilities that will improve operational efficiency for clients.
The Pivotal Role of Advanced Technology
Raanan Grobman, Board Member at BST, shared this enthusiasm, highlighting that the partnership with HUB Security represents a crucial moment in their shared vision. The ongoing collaboration on a notable €20 million deal with Western European banks demonstrates both companies' commitment to providing cutting-edge data solutions. Grobman noted that by combining their advanced data fabric architecture with HUB Security's security systems, the partnership aims to achieve efficiencies and substantial cost savings.
About HUB Security Ltd.
Founded by veterans of elite intelligence units from the Israeli Defense Forces, HUB Cyber Security Ltd. focuses on innovative cybersecurity solutions that safeguard sensitive information for both commercial and governmental entities. The company has developed advanced encrypted computing solutions to prevent hostile intrusions at the hardware level and offers a comprehensive range of preventive measures against data theft. HUB Security operates in over 30 countries, delivering innovative cybersecurity computing appliances and a wide array of services on a global scale.
Frequently Asked Questions
What is the main goal of HUB Security's collaboration with Blackswan Technologies?
The main goal is to co-develop and showcase innovative secured data fabric solutions to enhance security and reduce costs for large institutions.
How does the integration of BST's data fabric architecture benefit clients?
The integration is designed to significantly enhance security capabilities and reduce data management costs by over 30%.
What recent achievement underscores the partnership's success?
The partnership is currently collaborating on a €20 million deal with banks in Western Europe.
What does HUB Security specialize in?
HUB Security specializes in cybersecurity solutions that protect sensitive information in commercial and government sectors.
Where does HUB Security operate?
HUB Security operates in over 30 countries, providing a wide range of cybersecurity services and products globally.
