Hub Cyber Security Acquires Qpoint Technologies Advancing Its Plans For A Secured Data Fabric Ecosystem,, Deal Terms Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Hub Cyber Security has acquired QPoint Technologies, aiming to enhance its secured data fabric ecosystem. The financial details of the deal were not disclosed. QPoint has shown strong financial performance with an annual revenue of $26 million in FY23.
April 04, 2024 | 11:52 am
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Hub Cyber Security's acquisition of QPoint Technologies is expected to strengthen its position in the cybersecurity market by advancing its secured data fabric ecosystem.
The acquisition of QPoint Technologies by Hub Cyber Security is likely to be viewed positively by investors, as it represents a strategic expansion of HUBC's capabilities in the cybersecurity domain. QPoint's robust financial health, indicated by its $26 million annual revenue, suggests that the acquisition could contribute positively to HUBC's financial performance. However, without specific deal terms, the exact financial impact remains uncertain.
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