Nubeva Signs License Agreement with Top Tier Cyber Security Provider; Receives $1 Million Upfront Payment
Summary
SAN JOSE, Calif.--(BUSINESS WIRE)--Nubeva Technologies Ltd. (TSX-V: NBVA), a software developer for enterprises that need visibility into encrypted network traffic, today announced a seven figure multi-year license agreement with a ~$10 billion market cap global leader in cybersecurity solutions. “Nubeva has created a patented solution that enables security and application monitoring systems to see into TLS (SSL) encrypted network traffic more effectively and efficiently,” said Randy Chou, CEO at Nubeva. “This first license agreement validates our Symmetric Key Intercept technology as a pivotal enabler to the broad array of security and application monitoring systems. We’re confident this is the first of many relationships we’ll forge with top-tier solution providers.” Delivered as a next-generation agent and microservice software, Nubeva Symmetric Key Intercept (SKI) technology enables systems to see into more traffic. The shift to SaaS, the cloud, and stronger encryption practices like perfect forward secrecy and TLS 1.3, create new and unique challenges for in-line and out-of-band decryption and visibility solutions.