Cybeats Technologies Corp. and Bullish recently renewed their license agreement to enhance cybersecurity in the rapidly changing digital financial landscape. With cybercrime posing ongoing threats to the cryptocurrency sector, Cybeats is taking proactive measures to provide innovative solutions to address this growing problem. The license agreement renewal with Bullish highlights the value of Cybeats’ SBOM Studio2 in managing software supply chains and reducing cyber risks.
Cybeats specializes in SBOM (Software Bill of Materials) management and software supply chain intelligence technology. Their platform provides visibility and transparency, allowing organizations to manage risk, meet compliance requirements, and secure their software effectively. With a market capitalization of over $1 trillion from current commercial clients, Cybeats has established itself as a trusted player in the industry.
Recognizing the importance of Cybeats’ SBOM Studio in managing SBOMs and addressing cyber risks, Bullish, a regulated cryptocurrency trading platform, has chosen to renew their license agreement. This decision confirms the value and effectiveness of Cybeats’ technology in safeguarding Bullish’s operations.
Cybeats has experienced significant growth, with a monthly recurring revenue (MRR) growth of 213% year-to-date. This growth can be attributed to successful pilot evaluations that have resulted in license agreements, demonstrating organizations’ satisfaction and confidence in Cybeats’ solutions.
In a recent update, Cybeats shared insights into their growth trajectory and average enterprise contract size. The company has expanded, with an average SBOM Studio enterprise contract value of $707,428. This value is approximately three times larger than the average enterprise SaaS product offerings in the market. Fortune 500 companies have recognized Cybeats’ ability to deliver superior results, with 78% of SBOM Studio clients belonging to this prestigious group.
Yoav Raiter, the CEO of Cybeats, highlights the pivotal role of SBOM Studio in enhancing cybersecurity in the digital financial landscape. Given the frequent targeting of the cryptocurrency sector by advanced cybercriminals, effective solutions are crucial. Raiter believes that more crypto organizations will adopt SBOM Studio to manage supply chain security concerns effectively.
Bullish, which launched its exchange in November 2021, has gained traction in the institutional digital assets sector. By revolutionizing the traditional exchange, Bullish has benefited asset holders, empowered traders, and improved market transparency. The partnership with Cybeats confirms Bullish’s commitment to maintaining high-level security for its platform.
The collaboration between Cybeats and Bullish will strengthen cybersecurity measures implemented by Bullish and contribute to the overall security of the cryptocurrency sector. Cybeats’ innovative technology and expertise will assist Bullish in managing SBOMs and reducing cyber risks.
Beyond protecting individual organizations, Cybeats aims to improve operational efficiency and increase revenue for its customers. By providing comprehensive software supply chain intelligence and risk management solutions, Cybeats enables organizations to prioritize their core operations while minimizing the potential impact of cyber threats.
As the digital landscape continues to evolve, cybersecurity is of utmost importance. Companies like Cybeats play a crucial role in safeguarding the integrity and security of software supply chains. With the license agreement renewal with Bullish, Cybeats strengthens its position as a leading provider of advanced cybersecurity solutions in the digital financial landscape.
The partnership between Cybeats and Bullish represents a significant step in strengthening cybersecurity measures in the cryptocurrency sector. Their expertise and innovative technology will enhance security and protect organizations from the growing threat of cybercrime. With the rise in advanced cybercrime targeting the cryptocurrency sector, robust cybersecurity solutions are essential. Cybeats and Bullish are taking proactive steps to ensure the safety and security of digital financial operations.
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