Cybeats Technologies Corp. Provides Commercial Update Regarding Commercial Pilots with Fortune 500 Companies – Marketscreener.com
Cybeats Technologies Corp. provided an update on multiple ongoing commercial pilots, including commercial pilot periods nearing completion, several of which are with Fortune 500 companies from the medical, infrastructure and industrial technology sectors. Notable SBOM Studio pilots with Fortune 500 companies that are nearing completion include: Smart building technologies, software and services company from the S&P 500; Industrial technology and infrastructure company from the S&P 100; Medical technology and devices company from the S&P 100.
Cybeats is benefitting from a spike in SBOM (“Software Bill of Materials”) interest following the Whitehouse Executive Order in May of 2022, which announced the new SBOM standard to be implemented in the United States as well as the recent EU Cyber Resilience Act. Cybeats SBOM management solution provides proactive compliance with anticipated Governance, Risk management and Compliance (GRC) requirements, demonstrating best practices by having an SBOM for all of its own software, and for any 3rd-party products used by user enterprises. From the US Executive Order to the recent EU Cyber Resilience Act, the value and imperative to use SBOMs around the world has been further cemented.
Cybeats SBOM Studio: SBOM Studio provides organizations with the capability to efficiently manage SBOMs and software vulnerabilities and provides proactive mitigation of risks to their software supply chain. Key product features include robust software supply chain intelligence, universal SBOM document management and repository, continuous vulnerability, threat insights, precise risk management, open-source software license infringement and utilization, and secure SBOM exchange with regulatory authorities, customers and vendors, at reduced cost. A software supply chain is composed of the components, libraries, tools, and processes used to develop, build, and publish a piece of software.
Software vendors often create products by assembling open source and commercial software components. An SBOM is a nested inventory, a list of ingredients that make up software components, and have emerged as a key building block in software security and software supply chain risk management.