Renowned for its cutting-edge AI applications, the collaborating Blackswan Technologies delivers a robust suite of cognitive computing capabilities that empower financial institutions and data-driven organizations. With a proven track record of providing comprehensive solutions to some of the world's largest Professional Services Integrators and financial institutions, including major banks, this supplier stands at the forefront of technological innovation. [
This collaboration, emphasizing digital transformation, is bolstered by Hub Security's expertise in cyber protection. Together, the two companies aim to revolutionize the banking sector across various regulatory domains. The primary objectives include streamlining operations, reducing ownership costs, and eliminating the need for data lakes and ETL (Extract, Transform, Load) processes. Hub Security's cutting-edge solutions will provide an additional layer of protection to critical processes, ensuring the security of the customer's most valuable assets. The collaboration will integrate Hub Security's protection of critical processes and its “Crown Jewels” asset protection.
"Importantly, the collaboration's scope extends beyond a single client, offering the potential for expansion and engagement of additional customers, including governments and large enterprises," said
"Blackswan Technologies welcomes this engagement and looks forward to fortifying and strengthening our data fabric with additional cybersecurity best-of-class capabilities to better serve our customers," said Udi Nessimyan, CEO of Blackswan Technologies.
The business model supporting this initiative offers clients wide flexibility, ranging from base license agreements to a revenue-sharing model based on usage. This adaptability ensures that the collaboration can cater to the specific needs of clients, providing tailored solutions that address their unique challenges and requirements.
The initial contract would require Hub Security to provide
Hub Security is eager about the myriad opportunities and possibilities this strategic collaboration entails, anticipating a positive impact on the financial industry as a whole. This partnership underscores innovation, security, and efficiency as its fundamental building blocks.
For more information, please visit www.BlackswanTechnologies.ai or www.HubSecurity.com
About
About Blackswan Technologies:
BlackSwan Technologies is reinventing enterprise software through Agile Intelligence for the Enterprise – a fusion of data, artificial intelligence and cloud technologies that provides unparalleled business value. Blackswan Technologies offers multi-tier enterprise products that create the foundation for composable businesses, equipping enterprises with real-time adaptability and resilience for lasting market leadership. Customers rapidly can apply these products to a single challenge, then incrementally expand adoption across the enterprise, while interoperating with existing IT assets. BlackSwan Technologies is generating billions of dollars in economic value for renowned global brands, through accelerated innovation and operational efficiency. We partner with leading consultancies, ISVs, and MSPs to serve the aspirations of corporations, public sector entities, and innovative startups alike. The private company maintains gravity centers in the
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits of the transaction, and the financial condition, results of operations, earnings outlook and prospects of the combined company. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "future," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "seem," "should," "will," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of HUB Security, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB Security prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB Security or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in press release. Except to the extent required by applicable law or regulation, HUB Security undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.
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