Cybeats Technologies signs its largest commercial deal, shares rise

Cybeats Technologies

28/12/2022 16:57

** Canada-based Cybeats Technologies Inc's shares  CYBT.CD 
gain 4.7% at $1.57
    ** CYBT signs a multi-year licence and service agreement for
its SBOM Studio with a global provider of energy management and
automation solutions  urn:newsml:reuters.com:*:nCNWs4qx3a
    ** SBOM, or software bill of materials, is a key building
block in software security and software supply chain risk
management
    ** CYBT says its new client generates about 30 bln euros
($31.85 bln) in revenue from more than 100 countries
    ** "This is the largest commercial agreement to date for
Cybeats, and adds another multinational of magnitude to our
client roster," says CEO Yoav Raiter
    ** Accounting for session gains, CYBT up ~26% from its
November IPO price of $1.25
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))