NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) -- DailyOTC.com News Commentary -- A series of cyber-attacks like WannaCry or WannaCrypt ransomware attacks and Petya rocked the globe last year, while it’s difficult to predict what will happen this year, we can guess that cyber criminals will find new ways to carry out their attacks.
The pace of these attacks will only increase as more valuable data shifts online over the next several years. As such, demand for cybersecurity solutions will continue to grow, and cybersecurity stocks will continue to outperform.
The cybersecurity market is expected to grow from 152.71 billion in 2018 to 248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2018–2023. The major forces driving the cybersecurity market growth are strict data protection directives and rising cyber terrorism. The cybersecurity market is growing rapidly because of the rising need for cloud-based cybersecurity solutions among Small and Medium-sized Enterprises (SMEs).
Cyberfort Software, Inc. (OTC PINK: CYBF) is strengthening the online security of companies and end-users by focusing on innovative practices such as Content Filtering and Ad Blocking. The acquisition and development of the latest cybersecurity technology helps to tap into this increasingly large global market. In line with their mission to deliver powerful solutions across multi-platforms for personal and business users, in 2016 they acquired Vivio, a provider of pioneering AI content filtering and software protection. Visit www.cyberfortsoftware.com
Vivio currently serves over 10,000 unique users across iPhone, iPad, and Mac. Vivio is an iOS 10 ad blocking app with the sole purpose to make your browsing experience better and faster. Experience the web the way it is supposed to be, clean and fast. Vivio not only removes ads from the websites you visit in Safari, it also saves you data traffic and data traffic costs up to 50% and makes your battery lasts longer as a result.
• Ad blocking privacy protection • Reducing data usage and costs • Faster website loading • Better battery life • Continuous ad blocking rule updates
The company recently announced that it signed a letter of intent (LOI) to acquire Just Content Software. A due diligence review is underway and a final determination regarding this acquisition is anticipated within weeks.
By the LOI's terms, CYBF will acquire 100% interest in the Just Content App, software and underlying source code. Just Content is an efficacious and multi-functional ad blocking App currently available on iTunes ( https://itunes.apple.com/app/id1031003372 ), that safeguards families and business, for example, from unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet with its proprietary ''Home Safe Filter'' and ''Business Filter'' products.
''CYBF aims to become a leader in developing cutting-edge ad-blocking protective software that keeps the Internet safe for families and business, which in our highly technological and immediate information-access society, is a significant concern. Acquiring Just Content furthers CYBF's commitment to provide the best and most effective ad-blocking software in the marketplace,'' said Daniel Cattlin, CYBF's CEO.
Proofpoint Inc. (NASDAQ: PFPT ) delivered another very strong Q4 earnings report, beating consensus in both revenue and EPS. The company reported total revenues of $198.5 million, up 35% year over year
Proofpoint is an enterprise security company based in Sunnyvale, California that provides software as a service and products for inbound email security, outbound data loss prevention, social media, mobile devices, digital risk, email encryption, electronic discovery, and email archiving.
Fortinet Inc. (NASDAQ: FTNT) continues to remain one of the leaders in the network firewall security space, growing much faster than the industry average. The company reported 4Q net income of $182.6 million, after reporting a loss in the same period a year earlier. The company said it expects revenue in the range of $465 million to $475 million for the fiscal first quarter.
Fortinet is an American multinational corporation headquartered in Sunnyvale, California. It develops and markets cybersecurity software and appliances and services, such as firewalls, anti-virus, intrusion prevention and endpoint security. Fortinet was founded in 2000 by brothers Ken and Michael Xie. While growing cyber-attacks don't bode well with most organizations, publicly listed companies operating in the cybersecurity industry such as Cyberfort Software, Inc. (OTC: CYBF), Proofpoint, Inc. and (NASDAQ: PFPT) Fortinet, Inc. (NASDAQ: FTNT) are positioned to benefit immensely.
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