The acquisition is structured as a stock-for-stock transaction, with BlackSwan shareholders owning approximately 31% of the combined entity. This strategic move is expected to create a market opportunity worth over $500 million, driven by increasing customer demands and stricter regulatory requirements. HUB's CEO, Noah Hershcoviz, emphasized that the acquisition will solidify HUB's position as a leader in secured data management and compliance solutions, while BlackSwan's Director, Ranan Grobman, highlighted the potential to scale innovative solutions to a broader audience.
Key takeaways:
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- HUB Cyber Security Ltd. has announced a definitive agreement to acquire BlackSwan Technologies, enhancing its position in secured data fabric solutions for financial institutions.
- The acquisition is expected to close next week and will result in BlackSwan’s shareholders owning approximately 31% of the combined entity.
- BlackSwan’s AI-powered secured data fabric technology is anticipated to reduce the total cost of ownership of complex financial systems by 50% while ensuring compliance with global regulations.
- The combined operations of HUB and BlackSwan are projected to have a market opportunity worth over $500 million, with significant growth expected in 2025 and 2026.