HUB Security Partners with Blackswan Technologies for SDF Solutions
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HUB Security Partners with Blackswan Technologies
HUB Cyber Security Ltd. (NASDAQ: HUBC), a pioneering developer of cybersecurity and advanced data fabric solutions, has officially announced the formalization of its collaboration with Blackswan Technologies (BST), a U.S.-based enterprise-AI vendor. This collaborative effort marks a significant milestone following previous updates regarding their partnership. The two companies are now set to co-develop and showcase cutting-edge secured data fabric (SDF) solutions tailored for large financial institutions and government entities.
Innovative Solutions for Data Security
Following a successful initial phase, the partnership aims to integrate BST's unique data fabric architecture with HUB Security's robust cybersecurity frameworks. This integration is expected to enhance overall security capabilities while significantly reducing costs associated with data management and security by over 30%. This reduction comes from the elimination of expensive Extract, Transform, Load (ETL) processes and unnecessary data-lake expenditures.
Achievements and Future Aspirations
Noah Hershcoviz, CEO of HUB, expressed his enthusiasm about the collaboration, noting, "We are thrilled to formalize our collaboration with Blackswan Technologies, setting the stage to lead the burgeoning Secured Data Fabric (SDF) market. We anticipate that this partnership will help drive innovation in major financial institutions and are already collaborating on a substantial deal in Western Europe." The partnership is expected to forge advancements in security capabilities that enhance operational efficiency for clients.
The Pivotal Role of Advanced Technology
Raanan Grobman, Board Member at BST, echoed this sentiment, stating that the partnership with HUB Security represents a crucial moment within their shared vision. The ongoing collaboration on a significant deal worth €20 million with Western European banks showcases both companies' dedication to delivering state-of-the-art data solutions. Grobman emphasized that by merging their advanced data fabric architecture with HUB Security's security systems, the partnership aims to drive 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. specializes in innovative cybersecurity solutions designed to protect sensitive commercial and governmental information. The company has introduced advanced encrypted computing solutions to thwart hostile intrusions at the hardware level and developed an array of preventive measures against data theft. HUB Security is active in over 30 countries, providing innovative cybersecurity computing appliances and a comprehensive range of services globally.
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.
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