Cybeats seals deal with EU telecom giant

TLDR:

Key Points:

• Cybeats Technologies signed a SaaS agreement with a large European telecom provider for its SBOM Studio product.
• The telecom multinational has over 280 million customers and values cybersecurity practices.

In a recent development, Cybeats Technologies has partnered with a major European telecom provider, marking a significant milestone in their commercial journey. The agreement involves the use of Cybeats’ SBOM Studio product, which helps organizations understand security risks in their software, particularly open-source components. This partnership is crucial as it not only expands Cybeats’ reach into new sectors, such as telecom, but also showcases the company’s ability to secure top clients within the Medical Device Manufacturing and Industrial Control Systems industries.

The European Union has imposed strict cybersecurity requirements, including SBOM reporting, on companies. Failure to comply could result in hefty fines. Cybeats’ SBOM Studio is well-aligned with these regulations, positioning the company for further growth and expansion within the G7 markets. The one-year contract signed with the telecom giant demonstrates Cybeats’ commitment to proactive cybersecurity practices and compliance with evolving regulations.

Justin Leger, CEO of Cybeats, emphasized the importance of engaging with global leaders in the telecom sector. The industry-agnostic nature of SBOM Studio allows for a diverse customer base and scalability, especially in regulated sectors. With regulators in Europe taking a more active role in enforcing cybersecurity measures, Cybeats’ product is well-positioned to meet the increasing demands for device and user security in the telecom space.