Cybeats signs commercial agreement with energy management and automation solutions provider SBOM Studio

By OEM Update Editorial January 4, 2023 3:03 pm IST

The SBOM Studio engagement will see Cybeats’ leading solution deployed with the global infrastructure leader to reduce the cost of securing its products.
Cybeats Technologies Corp., SBOM Management and software supply chain intelligence technology, is pleased to announce the signing of a multi-year licence and service agreement for SBOM Studio with a global leader in energy management and digital automation with revenues of approximately 30 billion euros around the world.
The multi-year SBOM Studio engagement will see Cybeats’ leading solution deployed with the global infrastructure leader to reduce the cost of securing its products by streamlining the discovery and resolution of software vulnerabilities across the organisation. This announcement comes just one week after Cybeats announced a new commercial agreement with a Fortune 500 industrial technology leader, and several new client pilots including a top five global video game producer.

Yoav Raiter, CEO, Cybeats Technologies Corp., said, “This is the largest commercial agreement to date for Cybeats, and adds another multinational of magnitude to our client roster. It is exciting to be working with such prominent industry leaders and we expect that the endorsement of a customer of this caliber will continue to inspire confidence in future prospects and potential clients within this sector and beyond. We are now less than 8 months into our commercial journey, our sales cycle is accelerating and our client roster consists of some of the largest companies in the world across a diverse set of industries from medical devices to critical infrastructure. We’re proud to be protecting these companies and are pleased that our product meets the needs of such a large addressable market and diverse industry set.”
The company’s new client generates approximately 30 billion in revenue from more than 100 countries and combines world-leading energy technologies, real-time automation, software and services into integrated solutions for households, buildings, data centers, infrastructure and industry. With our new commercial partner having nearly 10,000 clients globally, the company is positioned to benefit from the network effects of SBOM sharing with these clients potentially exposed to the SBOM Studio product.
Dmitry Raidman, CTO, Cybeats, “SBOMs have emerged as a catalyst for transformation in product security across nearly all sectors to improve visibility and security of the software supply chain, yet organisations face challenges with widespread implementation due to the scale of change and manual work required. SBOM Studio is specifically designed to automate SBOM management, accelerate vulnerability management and simplify SBOM implementation, and ultimately improve ROI by reducing the overhead required to embed SBOM management across an organisation.”