Source: Cybeats Technologies Corp.
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  • Cybeats (CYBT) has signed a multi-year agreement with a leader in energy management and automation
  • The licensing and services agreement is for the company’s SBOM (Software Bill of Materials) Studio management and cybersecurity solution
  • The client averages revenue of approximately 30 billion euros across over 100 countries and almost 10,000 clients
  • Cybeats is a software management and software supply chain intelligence technology provider
  • Cybeats Technologies (CYBT) opened with a gain of 5.33 per cent, trading at $1.58 per share

Cybeats (CYBT) has signed a multi-year agreement with a leader in energy management and automation.

The licensing and services agreement is for the company’s SBOM Studio management and cybersecurity solution, which helps to understand and track third-party components of enterprise software.

The integration will contribute to reducing product security costs by streamlining the discovery and resolution of vulnerabilities across the organization.

The client averages revenue of approximately 30 billion euros across over 100 countries and almost 10,000 clients, from households to large-scale infrastructure.

The news follows a new commercial agreement with a Fortune 500 industrial technology leader.

Cybeats will also be presenting at CES 2023 at booth 6653 in Las Vegas from January 5-8, 2023.

“This is the largest commercial agreement to date for Cybeats and adds another multinational of magnitude to our client roster. It is exciting to be working with such prominent industry leaders and we expect that the endorsement of a customer of this calibre will continue to inspire confidence in future prospects and potential clients within this sector and beyond,” said Yoav Raiter, Cybeats’ CEO.

“We are now less than 8 months into our commercial journey, our sales cycle is accelerating, and our client roster consists of some of the largest companies in the world across a diverse set of industries, from medical devices to critical infrastructure,” he added.

Cybeats is a software management and software supply chain intelligence technology provider.

Cybeats Technologies (CYBT) opened with a gain of 5.33 per cent trading at $1.58 per share.


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