The contract spans 3 years of continuous, rigorous testing
and cyber assessments
This first joint cybersecurity platform by Getronics and HUB
Security, called "GetHUB360," allows businesses to identify,
mitigate and respond to evolving cyber threats in local, cloud, and
hybrid computing environments
TEL
AVIV, Israel, April 25,
2023 /PRNewswire/ -- HUB Cyber Security Ltd (Nasdaq:
HUBC), a developer of Confidential Computing cybersecurity
solutions and services ("HUB Security" or the "Company"), is
pleased to announce that it has entered into a global strategic
partnership with Getronics, a leading provider of workplace, cloud,
IoT, and managed service cybersecurity solutions. The relationship
between HUB Security and Getronics combines HUB Security's
industry-leading cyber risk management technology and services with
Getronic's world-class technology solutions and demonstrates HUB
Security's continued commitment to invest in protective measures
for its clients and additional capabilities for its partners.
![HUB Security Logo HUB Security Logo](https://mma.prnewswire.com/media/1710726/HUB_Security_Logo.jpg)
With technology playing an increasingly critical role in every
aspect of business, companies recognize that they need to
accelerate the adoption of digital solutions to ensure they remain
competitive. The HUB Security - Getronics partnership brings
together HUB Security's 30-year history (through its Comsec
division) in risk identification, threat mitigation and incident
response with Getronics's success in facilitating digital
transformation for both workplace and critical business
applications.
GetHUB360 is a subscription-based tiered cybersecurity framework
that combines the advanced technology and cybersecurity services of
HUB Security with Getronics' security operations center (SOC).
GetHUB360 allows customers to constantly monitor and analyze
digital infrastructure, and then continuously test resilience,
assess and manage vulnerabilities, and respond to incidents when
they are discovered.
This cooperation has already been successfully introduced to a
multinational customer. The agreement, valued at €1.3M+ spans 3
years of continuous, rigorous testing and cyber assessments. Most
recently, this investment has already paid off in a cybersecurity
incident which was successfully mitigated through the joint HUB360
effort.
Joeri Barbier, Global CISO of
Getronics, has a clear vision: "Threat Intelligence is leading the
security practice. This is where HUB Security and Getronics have
joined forces, developing and implementing a framework of tightly
interwoven services that constantly monitor and test the digital
infrastructure to respond quickly when needed."
"The ultimate goal is to improve the cybersecurity posture and
continuously monitor and protect against evolving threats," adds
Jürgen Schulze, Sr. Director of Channel and Alliances at HUB
Security. "We recognize the importance of smart partnerships to
close technology and service gaps in the cyber landscape of joint
customers."
While the digital threat landscape is growing exponentially
worldwide, there is currently a shortage of more than 4 million
cybersecurity professionals. Managed security services offer
organizations a scalable way to tackle the complex and challenging
task of dealing with digital threats, even if they need more cyber
resilience infrastructure.
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
Media contact:
Gili Nizani
VP Marketing
pr@hubsecurity.com
View original
content:https://www.prnewswire.com/news-releases/hub-security-and-getronics-announce-a-1-3m-contract-with-a-multinational-company-301806670.html
SOURCE HUB Security