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HUB Cyber Security Appoints Former PayPal and American Express Executive Paul Parisi as its Global Chief Revenue Officer
Globenewswire· 2025-06-16 12:47
Core Insights - HUB Cyber Security Ltd. has appointed Mr. Paul Parisi as Global Chief Revenue Officer to enhance its North American expansion and institutional market execution [1][3] - The appointment is part of HUB's long-term strategy to strengthen its enterprise presence and cater to the increasing demand from Fortune 1000 clients and financial institutions [1][3] Company Overview - HUB Cyber Security Ltd. specializes in zero-trust confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [4] - The company operates in over 30 countries, providing innovative cybersecurity solutions and secured data infrastructure for financial institutions, governments, and regulated enterprises [4] Leadership Background - Mr. Parisi brings over 25 years of experience in leading commercial organizations in regulated sectors, having previously served as President of PayPal Canada and held senior roles at American Express and Silicon Valley Bank [2][3] - His track record includes doubling transaction volumes at PayPal Canada and transforming Silicon Valley Bank into its fastest-growing market [2] Strategic Focus - Mr. Parisi will lead HUB's global revenue strategy with a focus on establishing enterprise sales frameworks and expanding compliance-aligned partner ecosystems [3] - The company aims to build a scalable, enterprise-grade business that drives long-term shareholder value through enhanced customer success infrastructure [3]
Nasdaq Confirms Full Compliance of HUB Cyber Security with Nasdaq's Listing Standards
GlobeNewswire News Room· 2025-06-12 12:19
Core Viewpoint - HUB Cyber Security Ltd. has achieved full compliance with Nasdaq listing requirements, marking a significant milestone following strategic restructuring and improved financial execution [1][2]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [5]. - The company specializes in secured data infrastructure, providing solutions for secure AI operations, compliance automation, and digital asset protection for financial institutions and governments [5]. Compliance and Financial Performance - Nasdaq confirmed that HUB meets the minimum bid price and market value of listed securities thresholds, indicating successful compliance with Listing Rules [2]. - The company has undergone a period of strategic restructuring, which has led to improved financial execution and strengthened corporate governance [2]. Business Strategy and Growth - HUB has been executing a focused commercial expansion strategy, significantly growing its contracted revenue base and accelerating deployments across banking, government, and digital asset sectors [3]. - The company continues to sign new multi-year agreements with leading financial institutions and sovereign entities, expanding its presence in North America and Europe [4]. Product Development - HUB has introduced new AI-powered and quantum-resilient infrastructure solutions in response to rising client demand for secure and compliant solutions [3]. - The Secured Data Fabric platform, developed in partnership with BlackSwan Technologies, is emerging as a leader in highly secure data management and unification [5].
Nasdaq Confirms Full Compliance of HUB Cyber Security with Nasdaq’s Listing Standards
Globenewswire· 2025-06-12 12:19
Core Viewpoint - HUB Cyber Security Ltd. has achieved full compliance with Nasdaq listing requirements, marking a significant milestone following strategic restructuring and improved financial execution [1][2]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [5]. - The company specializes in secured data infrastructure, providing solutions for financial institutions, governments, and regulated enterprises, and operates in over 30 countries [5]. Compliance and Financial Performance - Nasdaq confirmed that HUB meets the minimum bid price and market value of listed securities thresholds, indicating successful compliance with Listing Rules [2]. - The company has undergone strategic restructuring, which has led to improved financial execution and strengthened corporate governance [2]. Business Strategy and Growth - HUB has been executing a focused commercial expansion strategy, significantly growing its contracted revenue base and accelerating deployments in banking, government, and digital asset sectors [3]. - The introduction of new AI-powered and quantum-resilient infrastructure solutions has been a response to rising client demand for secure and compliant solutions [3]. Market Position and Agreements - HUB continues to sign multi-year agreements with leading financial institutions and sovereign entities, expanding its presence in North America and Europe [4]. - The company is positioned as a critical infrastructure provider to security-sensitive organizations, with momentum building across public and private sector channels [4].