HUB Cyber Security Ltd., a global leader in advanced cybersecurity and data fabric technology, has announced its definitive agreement to acquire BlackSwan Technologies, Inc. The transaction, subject to customary closing conditions, is anticipated to finalize next week.
This acquisition strengthens HUB’s position as a dominant force in the secured data fabric market, offering innovative solutions to financial institutions navigating a complex regulatory and cybersecurity environment. The addition of BlackSwan Technologies marks a significant milestone in HUB’s commitment to delivering industry-leading tools tailored for sectors where security and compliance are critical priorities.
Enhancing HUB’s Portfolio with Global Expertise and Cutting-Edge Technology
BlackSwan Technologies brings to HUB a robust portfolio of ongoing, long-term contracts with renowned global banking institutions. HUB plans to leverage BlackSwan’s advanced solutions alongside its proven delivery platform to maintain and enhance these partnerships. The collaboration promises to extend HUB’s reach into new markets and elevate its reputation as a trusted provider of secure data solutions.
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With a presence in Sri Lanka, Poland, Germany, the UK, and Israel, BlackSwan boasts a diverse global customer base spanning large banks, fintech companies, blue-chip organizations, financial institutions, and investment funds. Over the past six months, HUB and BlackSwan have collaborated to secure new contracts in regulatory technology and other high-value use cases, setting the stage for a seamless integration of their offerings.
Delivering Unmatched Value with Proprietary AI Technology
BlackSwan’s proprietary AI-powered secured data fabric technology reduces the total cost of ownership for complex financial systems by up to 50%, while ensuring compliance with stringent global regulations. Backed by more than $50 million in R&D investment, this advanced technology is a game-changer in the secured data fabric domain, solidifying BlackSwan’s position as a leader in the industry.
The integration of BlackSwan’s capabilities with HUB’s existing portfolio creates an unparalleled offering for industries such as banking, insurance, healthcare, and big data. Together, they will provide organizations with robust solutions to safeguard sensitive data at scale, address money laundering risks, and meet evolving compliance standards in a dynamic global landscape.
A Strategic Move with a Promising Market Opportunity
HUB’s acquisition of BlackSwan underscores its dedication to equipping financial institutions with the tools needed to navigate rising regulatory pressures, growing cybersecurity threats, and operational inefficiencies. The combined entity is projected to capitalize on a market opportunity exceeding $500 million, driven by increasing customer demand and stricter regulatory requirements in 2025 and beyond.
Under the terms of the stock-for-stock transaction, BlackSwan’s shareholders will hold approximately 31% of the combined entity on a fully diluted basis. This strategic alignment is set to create a trailblazer in the secured data fabric market, paving the way for long-term growth and innovation.