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Toronto, Ontario–(Newsfile Corp. – December 23, 2022) – Cibeats Technologies Corp. (CSE: CIBT) (“Cibeats” or the “Company”) is pleased to announce the signing of a multi-year license and services agreement for SBOM Studio[1] with a global leader in energy management and digital automation with revenues of approximately €30 billion worldwide.
Perennial SBOM Studio the engagement will enable Cibeats’ leading solution to be deployed with the global infrastructure leader to reduce the cost of securing its products by simplifying the discovery and resolution of software vulnerabilities across the organization. The announcement comes just one week after Cibeats announced a new commercial deal with the Fortune 500 industrial technology leader[2]and several new pilots, including five of the world’s top video game developers.[3]
“This is the largest commercial agreement for Cibeats to date, and adds another multinational company of its size to our client list.” It is exciting to work with such distinguished industry leaders and we expect that client support of this caliber will continue to inspire confidence in the future prospects and prospects of the sector and beyond,” he said Yoav Reiter, CEO, Cibeats Technologies Corp. “We are now less than 8 months into our commercial journey, our sales cycle is accelerating and our client list consists of some of the largest companies in the world across a diverse range of industries from medical devices to critical infrastructure.” We are proud to protect these companies and are pleased that our product meets the needs of such a large addressable market and diverse set of industries.”
Cibeat’s new client generates approximately 30 billion in revenue from more than 100 countries and combines the world’s leading energy technologies, real-time automation, software and services into integrated solutions for households, buildings, data centers, infrastructure and industry. With our new commercial partner having nearly 10,000 customers worldwide, Cibeats is positioned to benefit from the network effects of sharing SBOM with these potentially exposed customers SBOM Studio product.
“SBOMs have emerged as a catalyst for product security transformation in nearly all sectors to improve visibility and security of the software supply chain, but organizations face challenges with widespread adoption due to the volume of changes and manual work required,” he said. Dmitri Raidman, CTO, Cibeats. “SBOM Studio is specifically designed to automate SBOM management, accelerate vulnerability management and simplify SBOM implementation and ultimately improve ROI by reducing the cost required to embed SBOM management across the organization.”
Recent News: Cibeats recently welcomed the $1.7 trillion omnibus appropriations bill that would require medical device manufacturers to submit a software bill of materials (SBOM) to the FDA[4]: https://bit.li/3PT1hIk
Upcoming events: Come meet Cibeats at CES 2023[5] at booth 6653! ‘The World’s Most Influential Technology Event’ is in Las Vegas from January 5-8, 2023. To register, visit: https://registration.ekperientevent.com/ShovCES231
Cibeats SBOM Studio
SBOM Studio provides organizations with the ability to effectively manage SBOM and software vulnerabilities and provides proactive risk mitigation for their software supply chain. Key product features include powerful software supply chain intelligence, universal SBOM document management and storage, continuous vulnerability, threat insight, accurate risk management, infringement and open source software license usage, and secure SBOM exchange with regulatory authorities, buyers and sellers, per reduced price. cost.
The software supply chain consists of the components, libraries, tools, and processes used to develop, build, and release a software artifact[6]. Software vendors often create products by assembling open source components and commercial software. The “software bill of materials” (SBOM) has emerged as a key building block in software security and risk management in the software supply chain. SBOM is a nested inventory, a list of ingredients that make up software components.[7]
About Cibeats
Cibeats is a leading provider of SBOM management technology and supply chain software, helping organizations manage risk, meet compliance and secure software from procurement, development to operation. Our platform provides clients with deep visibility and universal transparency of their software supply chain, enabling them to increase operational efficiency and revenue as a result. Cibeats. Certain software. Website: https://cibeats.com
SUBSCRIBE: For more information or to subscribe to the company’s mailing list, visit: https://www.cibeats.com/investors
Contact:
James Van Staveren
Corporate development
Phone: 1-888-713-SBOM (7266)
E-mail: ir@cibeats.com
Forward-Looking Information Cautionary Statement
Except for statements of historical fact, this release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate” and other similar words, or statements that certain events or “may” or “will occur” conditions. Forward-looking statements are based on opinions and estimates as of the date the statements are made, and are subject to various risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. the future. statements including but not limited to delays or uncertainties with regulatory approvals, including those of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the plans to commercialize the technology described in this press release will become effective under the terms or timeframe described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions change except as required by law. The reader is cautioned not to rely on forward-looking statements. Under its parent company, Scrib Inc., the company’s filings are available at sedar.com.
[1] https://www.cibeats.com/sbom-studio
[2]https://vvv.cibeats.com/nevs/cibeats-announces-nev-commercial-agreement-vith-fortune-500-industrial-technologi-company
[3]https://www.cibeats.com/nevs/cibeats-announces-trial-engagement-vith-sp-500-interactive-home-entertainment-company-penetrates-nev-gaming-vertical-vith-one-of-the- the world’s largest gaming company
[4]https://vvv.cibeats.com/nevs/cibeats-applauds-sbom-mandates-outlined-in-1-7-trillion-omnibus-appropriations-bill
[5] https://www.ces.tech/
[6] https://en.vikipedia.org/viki/Software_suppli_chain
[7] https://www.cisa.gov/sbom
To view the original version of this press release, visit https://www.nevsfilecorp.com/release/149432
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