Nubeva TLS Decrypt Allows Fortune 500 Company to Decrypt Packet Traffic for Security Monitoring and Threat Detection
SAN JOSE, Calif., March 19, 2020 – Nubeva Technologies Ltd. (TSX-V: NBVA), a cloud visibility SaaS software developer for enterprises with assets in public and private clouds and data centers, today announced a new sales agreement with a Fortune 500 financial investment firm. The investment firm, with trillions in managed assets, will use Nubeva TLS Decrypt to capture and decrypt traffic, enabling their security teams and tools to see deeper and wider in their networks. With the addition of Nubeva’s solution, security professionals will gain the visibility they need to respond quickly to network threats and anomalies as they occur.
“In the financial services industry, access to deep packet inspection is vital in order to monitor traffic and quickly identify potential threats posed by bad actors,” said Randy Chou, CEO at Nubeva. “This client converted its trial of Nubeva TLS Decrypt because they saw high value in out-of-band decryption -- something TLS 1.2 and 1.3 encryption protocols had made impossible. Nubeva TLS Decrypt helps security teams regain visibility to this traffic and maintain their high security standards.”
Nubeva TLS Decrypt, an award-winning SSL / TLS decryption solution and packet capture utility, provides security and DevOps teams with the ability to monitor and inspect packet traffic in both public and private cloud environments. Using symmetric key discovery, a Nubeva sensor discovers session keys from memory. Once the keys are identified, a containerized Nubeva decryptor pairs the final session keys with mirrored traffic. Users can then see the clear text, Port 80 traffic and use security tools to take action on actual threats and issues.
“While this client’s initial deployment of Nubeva TLS Decrypt is small, it has the potential to grow and become significant recurring revenue,” added Chou. “We’re excited about this opportunity and others on the near-term horizon -- a result of enterprise IT teams recognizing they need a decryption solution to enhance their security efforts.”
About Nubeva Technologies Ltd.
Nubeva Technologies Ltd. develops Software-as-a-Service ("SaaS") solutions that enable enterprises to obtain visibility of encrypted cloud traffic. Nubeva’s Symmetric Key Intercept architecture provides universal TLS decryption and works in any cloud platform. The service unlocks cloud traffic for best-of-breed security. The scalability and ease-of-use of Nubeva enable any organization to adopt aggressive encryption in the cloud needed for network monitoring and security tools. Visit nubeva.com for more information.
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).
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For additional information, please contact:
Nubeva Technologies Ltd. Marcel Valentin, Investor Relations
Steve Perkins, Chief Marketing Officer or Marcel@SophicCapital.com