HUB Cyber Security Acquires BlackSwan Technologies, Delivering Unrivaled AI-Powered Secured Data Fabric Solutions for Financial Institutions Facing Escalating Risks

Core Viewpoint - HUB Cyber Security Ltd. has announced a definitive agreement to acquire BlackSwan Technologies, positioning itself as a leader in secured data fabric solutions for financial institutions [1][2][10] Company Summary - The acquisition is expected to close next week and is subject to customary closing conditions [1] - BlackSwan brings a portfolio of long-term contracts with major global banking institutions, enhancing HUB's existing capabilities [3][4] - The integration of BlackSwan's AI-powered technology is projected to reduce the total cost of ownership of complex financial systems by 50% while ensuring compliance with global regulations [5][7] - The combined entity will focus on providing advanced solutions across various industries, including banking, insurance, healthcare, and big data [6][10] Industry Summary - The market opportunity for the combined operations of HUB and BlackSwan is estimated to exceed $500 million, with significant growth expected in 2025 and 2026 due to increasing regulatory demands [8] - The acquisition underscores the need for financial institutions to address rising regulatory pressures and cyber threats, enhancing compliance solutions and operational efficiencies [7][10]