Cybeats Technologies Corp. recently extended its software license agreement with Bullish1, a provider of financial services and digital asset solutions. This partnership is expected to revolutionize cybersecurity in the digital asset sector. Cybeats’ SBOM Studio has gained trust and value from clients, setting the foundation for industry-wide transformation.
Cybeats specializes in managing Software Bill of Materials (SBOM) and software supply chain intelligence, attracting clients from various industries, including financial technology and digital assets. The company has shown impressive growth, with a 213% increase in monthly recurring revenue (MRR) this year, solidifying its position in the industry.
Bullish, known for its regulated cryptocurrency trading platform Bullish Exchange, focuses on tailored products and services for the institutional digital asset sector. By renewing its license agreement with Cybeats, Bullish reaffirms its commitment to proactively addressing cyber risks and managing SBOMs effectively.
The partnership between Cybeats and Bullish is significant, with 78% of SBOM Studio clients being Fortune 500 companies. This highlights the trust major corporations place in Cybeats to manage risk, meet compliance requirements, and secure software supply chains.
With an average enterprise contract value of $707,428 for SBOM Studio, Cybeats has become a trusted partner for organizations enhancing cybersecurity measures. Cybeats’ current commercial clients have a collective market capitalization exceeding $1 trillion, emphasizing the scale and importance of their services.
Bullish has reimagined the exchange model by prioritizing the benefits of asset holders, enabling traders, and increasing market transparency. By integrating Cybeats’ SBOM Studio technology, Bullish can effectively manage SBOMs and proactively address cyber risks, creating a secure and trustworthy digital asset trading platform.
Yoav Raiter, CEO of Cybeats, predicts more crypto organizations will recognize the vital nature of utilizing SBOM Studio to safeguard software supply chains. Raiter’s expertise and leadership have played a crucial role in Cybeats’ success and its ability to deliver cutting-edge cybersecurity solutions.
SBOM Studio has an impressive 85% conversion rate from pilot evaluations to license agreements, solidifying Cybeats’ reputation as a trusted provider of software supply chain intelligence technology.
Bullish Exchange, operated by Bullish (GI) Limited, is a regulated platform governed by the Gibraltar Financial Services Commission (GFSC) under the DLT license: FSC1038FSA. Launched in November 2021, the exchange is available in over 50 select jurisdictions, catering to a global user base.
As the digital asset sector evolves, robust cybersecurity measures are crucial. Cybeats and Bullish are at the forefront of this transformation, providing innovative solutions that prioritize the security and integrity of software supply chains.
With their renewed partnership, Cybeats and Bullish are poised to revolutionize cybersecurity in the digital asset sector, setting new standards for protecting digital assets and ensuring the trust of market participants.
In conclusion, the partnership between Cybeats and Bullish represents a significant milestone in software supply chain management and cybersecurity for the digital asset sector. As the industry grows, the collaboration between these two companies will play a crucial role in safeguarding digital assets and maintaining market integrity. This partnership represents an exciting step forward in cybersecurity and digital asset protection.
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