Nubeva Signs License Agreement with Top Tier Cyber Security Provider; Receives $1 Million Upfront Payment
Symmetric Key Intercept Technology to Support New Security Products
Nubeva Technologies Ltd. (TSX-V: NBVA), a software developer for enterprises that need visibility into encrypted network traffic, today announced a seven figure multi-year license agreement with a ~$10 billion market cap global leader in cybersecurity solutions. The agreement, under which Nubeva received a $1 million initial payment, allows for the license of Nubeva’s breakthrough Symmetric Key Intercept solution.
“Nubeva has created a patented solution that enables security and application monitoring systems to see into TLS (SSL) encrypted network traffic more effectively and efficiently,” said Randy Chou, CEO at Nubeva. “This first license agreement validates our Symmetric Key Intercept technology as a pivotal enabler to the broad array of security and application monitoring systems. Our innovation restores and enhances functionality impacted by modern encryption protocols and achieves price/performance points not previously attainable. We feel the agreement is a turning point for Nubeva. We’re confident this is the first of many relationships we’ll forge with top-tier solution providers.”
Delivered as a next-generation agent and microservice software, Nubeva Symmetric Key Intercept (SKI) technology enables systems to see into more traffic. The solution provides up to 10x performance gains and dramatically simplifies current methods and techniques employed by technology solution providers. This capability can enhance and offload inline security systems such as next-generation firewalls, web gateways, intrusion prevention, APT, and DLP systems as well as restore and expand functionality to numerous out-of-band, passive decryption and monitoring systems.
Nubeva’s software core intellectual property lies in its ability to discover and extract the session encryption keys from servers and clients, for VMs, containers, Kubernetes, and metal, in clouds and datacenters, regardless of protocol, ciphers, or session type. The technology is reliable, efficient, secure and provides game-changing economics, scaling and performance. With session keys in hand, enterprises and system manufacturers can employ far simpler and economic pure symmetric decryption to enable their systems.