- Nubeva Technologies (NBVA) announced a seven-figure, multi-year license agreement for its Ransomware Reversal solution
- The agreement includes over one million dollars in upfront payment
- The sale will enable the customer to utilize Nubeva’s next-generation decryption technology to combat attacks
- Nubeva develops and licenses enterprise-class software for the decryption of TLS (SSL) network traffic
- Nubeva Technologies Ltd. (NBVA) is up 14.29 per cent, trading at C$1.60 per share at 10:59 am ET
Nubeva Technologies (NBVA) announced a seven-figure, multi-year license agreement for its Ransomware Reversal solution.
The agreement includes over one million dollars in an upfront payment.
The global enterprise company has chosen Nubeva’s Ransomware Reversal solution to enhance its strategy for ransomware attacks. The sale will enable the customer to utilize Nubeva’s next-generation decryption technology to combat attacks.
Nubeva’s patented sensor technology provides a new kind of layered protection against ransomware. The endpoint software is deployed on clients and servers in the customer’s environment.
The sensor can detect ransomware file encryptions and intercept the crypto keys used to encrypt the files in the first place. With the keys “in hand,” there is no reason to buy them back via paying ransoms. Instead, Nubeva provides decryptors that use the intercepted keys to decrypt without paying ransoms.
Randy Chou, CEO and founder of Nubeva, commented on the news.
“After months of deep technical testing, the customer validated our technology and its value in the fight against ransomware. Today, we have hundreds of thousands of our sensor technology deployed, and we have a growing pipeline of large opportunities. We feel very good about Nubeva’s outlook. This major win goes a long way to establish confidence with other prospects and potential partners.”
Nubeva develops and licenses enterprise-class software for the decryption of TLS (SSL) network traffic. The company enables deep packet inspection for cybersecurity and application monitoring systems and services.
Nubeva Technologies Ltd. (NBVA) is up 14.29 per cent, trading at C$1.60 per share at 10:59 am ET.
