HUB Cyber Security And Blackswan Tech Team Up For $3.2M Deal With A European Bank
Portfolio Pulse from Benzinga Newsdesk
HUB Cyber Security Ltd (NASDAQ:HUBC) has entered into a $3.2 million, five-year agreement with a top-tier European bank, in collaboration with Blackswan Technologies Ltd., to enhance the bank's data monitoring infrastructure with confidential computing security. This deal signifies HUB's entry into the finance sector and its expansion in global financial markets.
February 08, 2024 | 1:13 pm
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HUB Cyber Security Ltd (NASDAQ:HUBC) has secured a significant $3.2 million, five-year contract with a top-tier European bank to provide confidential computing security, marking a strategic entry into the finance sector.
The announcement of a significant contract with a top-tier European bank not only marks HUB Cyber Security's entry into the finance sector but also highlights its capability to secure high-value, long-term contracts. This development is likely to be viewed positively by investors, potentially leading to an increase in HUBC's stock price in the short term due to the expected positive impact on the company's revenues and market positioning.
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