HUB Cyber Security acquires BlackSwan Technologies, becoming dominant in secured data fabric solutions.

From GlobeNewswire: 2025-01-16 07:50:00

HUB Cyber Security Ltd. has entered into a definitive agreement to acquire BlackSwan Technologies, Inc., positioning itself as a dominant player in secured data fabric solutions for banks and financial institutions. BlackSwan brings advanced AI-powered technology that reduces the total cost of ownership of financial systems by 50% and ensures compliance with global regulations. The acquisition is structured as a stock-for-stock transaction, with BlackSwan’s shareholders owning approximately 31% of the combined entity. The market opportunity for the combined operations of HUB and BlackSwan following the acquisition is estimated to be over $500 million, with growth expected in 2025 and 2026.



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