BlackSwan Technologies, known for its innovative solutions trusted by global banks, fintech firms, and governments, brings a diverse customer experience and extensive market reach to the partnership. HUB's CEO, Noah Hershcoviz, emphasized the acquisition as a pivotal milestone, enhancing HUB's capabilities in secured data management and compliance solutions. The collaboration between HUB and BlackSwan over the past six months has laid the groundwork for new contracts in regulatory tech and other critical areas, with a focus on delivering unparalleled value to clients in the financial sector.
Key takeaways:
- HUB Cyber Security Ltd. has completed its acquisition of BlackSwan Technologies to enhance AI-powered data solutions for global enterprises.
- The acquisition positions HUB to capitalize on a projected $12.91 billion market by 2032, focusing on security, compliance, and regulatory technologies.
- BlackSwan's solutions are trusted by major banks, fintech firms, and governments, and the acquisition is expected to drive significant revenue growth for HUB.
- HUB aims to strengthen its position as a leader in secured data management and compliance solutions, particularly in the financial sector.