Once Embedded in Security and Application Monitoring Tools, Nubeva Technology Enables Advanced Analytics; Speeds Ability to Detect Application Issues and ID Security Risks
SAN JOSE, Calif., Dec. 15, 2020 – Nubeva Technologies Ltd. (TSX-V: NBVA), a developer of decryption software that broadens network traffic visibility, today announced a multi-year licensing agreement with a leading global network performance and security software provider. The agreement licenses Nubeva’s award-winning Symmetric Key Intercept (SKI) software suite to enhance the provider’s existing products and enable visibility into encrypted network traffic. The seven-figure agreement includes an up front payment, annual licensing fees and royalties as the SKI technology is placed into service.
“More than 90% of all traffic is TLS (SSL) encrypted for security and privacy, yet full packet inspection is an imperative for security and application monitoring by enterprises and government entities,” said Steve Perkins, Chief Marketing Officer at Nubeva. “Adoption of Nubeva’s breakthrough SKI technology is becoming a must-have for security and monitoring systems challenged by modern encryption standards and ever-evolving computing and networking models. This agreement cements one of the world’s leading network performance and security monitoring companies as an OEM licensee of our Symmetric Key Intercept technology.”
Nubeva Symmetric Key Intercept provides best-in-class functionality and advanced visibility into traffic previously impossible to see with the growing adoption of TLS 1.3. The software provides dramatically improved decryption capability, price performance, and simplicity of both development and end-user operation over previous methods of decryption. SKI technology has broad applicability and use cases including next-generation firewalls, secure web gateways and proxies, SD-WAN, intrusion prevention, APT, and DLP systems as well as application monitoring and assurance systems. The solution also has unique and powerful applicability to 5G packet core monitoring.
“We created a new, state-of-the-art way to discover and extract session encryption secrets from servers and clients for VMs, containers, Kubernetes, and metal, in clouds and datacenters, regardless of protocol, ciphers, or session type,” said Randy Chou, CEO at Nubeva. “With Nubeva embedded in this provider’s software solutions, their clients will be able to identify and respond to more anomalies and security risks.”
In 2020, the company licensed its software to numerous manufacturers including multi-billion dollar companies and high-growth providers in the security and network monitoring space. Nubeva’s turnkey solution can be adopted and customized quickly by a wide range of solutions to close the visibility gap created by modern encryption.
Since Nubeva’s software gives the licensee a competitive advantage, a public announcement is anticipated in the new year, when the product is formally released.
About Nubeva Technologies Ltd.
Nubeva Technologies Ltd. has changed the decrypted visibility game with pure, symmetric decryption. Nubeva helps enterprises gain the visibility needed through decryption so they can fully inspect network traffic. The need to inspect data in motion is fundamental to network security and application monitoring and assurance. 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. Nubeva re-imagined TLS visibility and created a new solution for the modern era of strong encryption in dynamic and distributed compute environments. 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.
Steve Perkins, Chief Marketing Officer