Adrian Johnson
TLDR:
Key Points:
- HUB Security formalizes collaboration with Blackswan Technologies to lead the Secured Data Fabric (SDF) market.
- HUB has the option to purchase BST, with a deal valued at €20 million in Western Europe.
In a recent announcement, HUB Security Ltd. has formalized its collaboration with Blackswan Technologies to advance their partnership in developing innovative Secured Data Fabric (SDF) solutions. This collaboration aims to penetrate major financial institutions, with a current focus on a €20 million deal in Western Europe. The integration of BST’s data fabric architecture with HUB Security’s security systems is expected to enhance security capabilities and reduce data management costs by over 30% for clients. The collaboration highlights a strategic move to lead the rapidly growing SDF market and deliver cutting-edge data solutions to financial institutions and government agencies.
CEO Noah Hershcoviz expressed excitement about the collaboration, emphasizing its potential to drive innovation and cost savings for clients. The collaboration marks a pivotal moment for both companies in their efforts to lead the SDF market. With plans to acquire BST and a focus on delivering efficient data solutions, HUB Security and Blackswan Technologies are poised to revolutionize cybersecurity in the financial sector.
HUB Security, founded in 2017 by veterans of the Israeli Defense Forces, specializes in cybersecurity solutions to protect sensitive information for commercial and government entities. The company’s collaboration with Blackswan Technologies represents a significant step towards advancing cybersecurity measures in the digital landscape, aiming to revolutionize data management and security practices for large institutions.
