Randys Report
Nubeva enters deal for AI cybersecurity services
2024-04-16 16:47 ET - News Release
Mr. Randy Chou reports
NUBEVA FINALIZES AGREEMENT WITH GLOBAL FINANCIAL INSTITUTION, STRENGTHENING AI SECURITY SOLUTIONS
Nubeva Technologies Ltd. has made a significant stride in its business evolution following an agreement signed in March of 2024 with a top-10 global financial institution that is known for its substantial presence in both retail and corporate banking sectors. The agreement will see Nubeva provide cybersecurity solutions across extensive client and server workloads globally. This deal signifies a major leap forward in Nubeva's strategic expansion, emphasizing a steadfast commitment to harnessing Artificial Intelligence (AI) to foster success with each client account.
Following this deal, Nubeva reaffirms its dedication to investing in AI, underscoring its vision to bolster every customer interaction with AI technologies. Nubeva's focus is on enhancing its ransomware reversal solutions with AI, aiming to provide next-level support and efficiency in cybersecurity defense.
Randy Chou, CEO of Nubeva, commented, "This agreement with a premier financial entity aligns perfectly with Nubeva's strategic vision and recent initiatives. It underscores the industry's confidence in our technology and approach, further enabling us to advance our AI-driven solutions to enhance every client's success." Revenue from the first 12 month period of the agreement is not expected to be material in the context of the Company's overall business, however the Company will provide updates if and when subsequent service revenue becomes operationally material.
About Nubeva Technologies Ltd.
Nubeva Technologies provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so businesses never pay ransoms again. Nubeva's ransomware reversal software is available to end-user enterprises, managed security service providers, incident responders, and cybersecurity solution manufacturers.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.