- Cybeats (CSE:CYBT) has signed a commercial reseller agreement with Capyx, an IT services provider based in Belgium
- The company’s Software Bill of Material technology will offer end-to-end vulnerability management services across Belgium and Luxembourg to help organizations meet the strict compliance requirements of European regulations
- SBOM Studio will work to detect software supply chain risks in real time, manage and track software vulnerabilities, and assist in ensuring compliance
- Cybeats Technologies Corp. last traded at $0.21 per share
Cybeats (CSE:CYBT) has signed a commercial reseller agreement with Capyx, an IT services provider based in Belgium.
The Toronto-based cybersecurity company’s Software Bill of Material (SBOM) technology will offer end-to-end vulnerability management services for software product producers and consumers across Belgium and Luxembourg. This partnership aims to help organizations meet the strict compliance requirements of European regulations with a focus on securing software supply chains.
“Partnering with Capyx strengthens our ability to provide advanced SBOM solutions and enhance security for our clients while meeting evolving European regulatory demands,” Cybeats’ CTO, Dmitry Raidman, said in a news release.
“Partnering with Cybeats is our next step in bringing solutions to enhance cybersecurity and protect our clients’ critical assets,” Capyx business line director of cybersecurity, Kurt Callewaert added. “Together, we aim to innovate and strengthen our defenses against evolving threats in the digital landscape.”
The demand for Cybeats’ solutions has surged because of executive order 14028, which established SBOM requirements and improved supply chain risk management within the U.S. government, including the Department of Defense. This directive encompasses the evaluation and swift response to supply chain vulnerabilities, assessment of vendor products for secure software development, maintenance of open-source software inventories and continuous monitoring for newly disclosed vulnerabilities and supply chain attacks.
Recently, BlackBerry (TSX:BB) reported that its research found that companies are increasingly requesting SBOMs as proof of cybersecurity compliance, with 41 per cent of companies demanding these inventories, stating a strong case for SBOM as an important tool to reduce security risks and ensuring compliance across software supply chains.
In September, Cybeats launched SBOM Consumer to expand market opportunities by offering a more streamlined way to collect, analyze and manage SBOMs for organizations of various sizes. The product improves security practices, particularly benefiting sectors such as healthcare and utilities that heavily rely on third-party software.
SBOM Studio will work to detect software supply chain risks in real time, manage and track software vulnerabilities, and assist in ensuring compliance with the executive order. BlackBerry also found that in 2024 alone, more than 75 per cent of software supply chains were exposed to cyberattacks and 40 per cent of organizations took a month or longer to recover.
The U.S. Department of Defense reported that its 2025 budget request was for US$850 billion.
Cybeats Technologies Corp. is an SBOM management and software supply chain intelligence technology provider. It enables organizations to manage risk, meet compliance and secure software from procurement and development through operation.
Cybeats Technologies Corp. (CSE:CYBT) last traded at $0.21 per share and though its stock is down 8.70 per cent year-to-date, it is up 27.27 per cent over the past three months.
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(Top photo: Cybeats Technologies Corp.)