HUB Security forecasts over $10M in new contracts in 2024

HUB Cyber Security has signed a letter of intent for a financing and services agreement and strategic collaboration agreement with Blackswan Technologies, a top-tier enterprise AI company based in the United States. This strategic alliance heralds the commencement of a project in partnership with one of the Big4 Professional Services firms and their esteemed end customer, a globally renowned major banking group. The two companies are exploring the possibility of a potential merger. This collaboration, emphasizing digital transformation, is bolstered by Hub Security’s expertise in cyber protection. Together, the two companies aim to revolutionize the banking sector across various regulatory domains. The primary objectives include streamlining operations, reducing ownership costs, and eliminating the need for data lakes and ETL processes. Hub Security’s cutting-edge solutions will provide an additional layer of protection to critical processes, ensuring the security of the customer’s most valuable assets. The collaboration will integrate Hub Security’s protection of critical processes and its “Crown Jewels” asset protection. The initial contract would require Hub Security to provide $3.5 million in financing and is anticipated to make a substantial contribution of over $10 million to Hub Security’s revenue in the fiscal year 2024, with expectations of further growth in the subsequent years.