A survey done by Deloitte found 91% of participants reported at least one Cybersecurity event in 2022. McKinsey has also estimated that there is a $2 trillion market opportunity for those producing cybersecurity tech and services, largely driven by growing demand from small to medium-sized enterprises.
https://www2.deloitte.com/content/dam/Deloitte/at/Documents/presse/at-deloitte-global-future-of-cyber-survey-2023.pdf
For those interested in the growing cybersecurity sector, CyberCatch Holdings Inc., a cybersecurity company offering an AI-enabled platform for continuous compliance and cyber risk mitigation, went public on the TSXV today under the symbol CYBE.
CYBE's platform is a patented SaaS solution that helps organizations comply with cybersecurity mandates by implementing controls and conducting automated, ongoing testing from multiple dimensions.
CYBE has strong leadership, with CEO Sai Huda being recognized as a cybersecurity expert. Huda authored the best-selling book, "Next Level Cybersecurity" and frequently speaks at industry events. CYBE's management team also recently built a $100M+ revenue business, which has been acquired by Fidelity National Information Services (NYSE: FIS).
CYBE operates on a land and expand model, leveraging their innovative and unique cybersecurity solutions to target a large addressable market. With a high-margin SaaS solution that generates annual recurring revenue, CYBE has received multiple credible endorsements, and clients, building credibility for their offerings. They also benefit from a robust network of distribution partners that can accelerate sales and drive further growth.
One of the key strengths of CYBE is the company's tight share structure, with only 82.5 million shares issued and outstanding, and 82.3 million fully diluted. This limited number of shares allows for ample stock price appreciation alongside successful execution, with minimal dilutive securities. CYBE has already attracted significant investment, with $8.4 million invested and $2.8 million in working capital, further solidifying their financial position.
Learn more about CYBE and its IPO here:
https://www.newswire.ca/news-releases/cybercatch-commences-trading-on-the-tsx-venture-exchange-under-the-symbol-cybe-891486769.html Posted on behalf of CyberCatch Holdings Inc.