Veteran Risk Management Technology Executive Joins HUB Cyber
Security, a Leader in Confidential Computing, to Drive Enterprise
Growth and Go-to-Market Success
TEL
AVIV, Israel, April 11,
2023 /PRNewswire/ -- HUB Cyber Security Ltd (Nasdaq:
HUBC), a developer of Confidential Computing cybersecurity
solutions and services ("HUB Security" or the "Company"), today
announced that it has appointed David
Riker as its Global Chief Operating Officer.
As HUB Security's new COO, Riker will lead efforts to scale the
Company's global business operations and go-to-market strategies,
aligning the Company's two business units, Confidential Computing
and Professional Services. Mr. Riker will report directly to HUB
Security's CEO, Uzi Moskovich.
"David brings decades of experience driving rapid enterprise
growth through disciplined organizational alignment and a focus on
client needs and financial results," said Moskovich. "He has a
proven track record developing long-term relationships with
government agencies, Fortune 500 enterprises, as well as global
banks and insurance companies. As COO, David will be an
instrumental voice in the Company as he knows our business and
culture well, which will enable him to seamlessly transition into
the organization and quickly start working with our team."
David Riker has over 20 years of
experience leading fast-growing technology and risk management
companies. Prior to his role at HUB Security, he served as Vice
President of Strategic Development at global intelligence leader
WorldAware after the sale of BlueLine Grid, a government technology
business he founded and led as CEO. Mr. Riker previously served as
Managing Director at Kroll, the global risk management company, VP
of Products and Corporate Development at Marsh & McLennan and
Chief Technology Strategist at Travelers. He was also an operating
partner at Pacific Growth Investors, a private equity fund based in
Los Angeles, and served as CEO of
high growth venture technology startups Storm Exchange and
eCoverage.
"The timing for HUB Security's opportunity is immediate," said
Riker. "I'm fortunate to join Uzi and the management team as we
write the next chapter of HUB Security's growth. There is no
greater honor for me than to be part of a team seeking to make the
world a safer place and we're all excited to attempt to harness the
large addressable market ahead of us as we continue to expand HUB
Security's impact around the world."
About HUB Security Ltd.
HUB Cyber Security Ltd ("HUB Security") was established in 2017
by veterans of the 8200 and 81 elite intelligence units of the
Israeli Defense Forces. The Company specializes in unique Cyber
Security solutions protecting sensitive commercial and government
information. The company debuted an advanced encrypted computing
solution aimed at preventing hostile intrusions at the hardware
level while introducing a novel set of data theft prevention
solutions. HUB Security operates in over 30 countries and provides
innovative cybersecurity computing appliances as well as a wide
range of cybersecurity services worldwide.
Forward-Looking Statements
This press release contains forward-looking statements for
purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995, including
statements about the anticipated benefits of the transaction, and
the financial condition, results of operations, earnings outlook
and prospects of the combined company. Forward-looking statements
are typically identified by words such as "plan," "believe,"
"expect," "anticipate," "intend," "outlook," "estimate," "future,"
"forecast," "project," "continue," "could," "may," "might,"
"possible," "potential," "predict," "seem," "should," "will,"
"would" and other similar words and expressions, but the absence of
these words does not mean that a statement is not
forward-looking.
The forward-looking statements are based on the current
expectations of the management of HUB Security, as applicable, and
are inherently subject to uncertainties and changes in
circumstances and their potential effects and speak only as of the
date of such statement. There can be no assurance that future
developments will be those that have been anticipated. These
forward-looking statements involve a number of risks, uncertainties
or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include,
but are not limited to, those discussed and identified in public
filings made with the SEC by the HUB Security and the following:
(i) expectations regarding HUB Security's strategies and future
financial performance, including its future business plans or
objectives, prospective performance and opportunities and
competitors, revenues, products and services, pricing, operating
expenses, market trends, liquidity, cash flows and uses of cash,
capital expenditures, and HUB Security's ability to invest in
growth initiatives and pursue acquisition opportunities; (ii) the
outcome of any legal proceedings that may be instituted against the
combined company; (iii) the ability to meet stock exchange
continued listing standards; (iv) the risk that the consummation of
the business combination disrupts HUB Security's current operations
and future plans; (v) the ability to recognize the anticipated
benefits of the transaction, which may be affected by, among other
things, competition, the ability of HUB Security to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (vi) costs
related to the transaction; (vii) limited liquidity and trading of
HUB Security's securities; (viii) geopolitical risk, including
military action and related sanctions, and changes in applicable
laws or regulations; (ix) the possibility that HUB Security may be
adversely affected by other economic, business, and/or competitive
factors; (x) inaccuracies for any reason in the estimates of
expenses and profitability and projected financial information for
HUB Security; and (xi) other risks and uncertainties set forth in
the section entitled "Risk Factors" and "Cautionary Note Regarding
Forward-Looking Statements" in HUB Security's final proxy
statement/prospectus filed on December 5,
2022.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of HUB
Security prove incorrect, actual results may vary in material
respects from those expressed or implied in these forward-looking
statements.
All subsequent written and oral forward-looking statements
concerning the business combination or other matters addressed in
this press release and attributable to HUB Security or any person
acting on their behalf are expressly qualified in their entirety by
the cautionary statements contained or referred to in press
release. Except to the extent required by applicable law or
regulation, HUB Security undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date of this press release to reflect the occurrence of
unanticipated events.
Logo:
https://mma.prnewswire.com/media/1710726/HUB_Security_Logo.jpg
Gili Nizni, VP Marketing at HUBSecurity
pr@hubsecurity.com
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SOURCE HUB Security