(Finance) – Cy4Gatea company listed on Euronext STAR Milan and active in the cyber intelligence and security market, has signed two contracts for the supply of proprietary cybersecurity technologies; this is the product called “SENTRY”, completely created by the company.
The contracts, from total value of 1.25 million euros and for the duration of one year, they use the most recent technologies and algorithms resulting from many years of internal investments in Research and Development, with the aim of identifying complex and selective cyber attacks which, through unauthorized access, are capable of stealing confidential data or cause damage to the target. These are so-called “advanced persistent threats” or “Advanced Persistant Threats” (APTs).
“This new contract comes to the end of the year and, following important orders recently signed in the same cyber security segment, represents a strong signal of the importance that cyber security has and will have even more within the business model implemented in Cy4Gate”, commented the CEO Emanuele Galtieri.
“Having consolidated a product portfolio and proprietary technologies in the specific segment will allow the group to assert – during 2024 – an even more significant presence on the corporate market in relation to which strengthening initiatives have been launched to progressively balance this segment with the currently most relevant segment (in terms of revenues) of cyber intelligence”, he added.
“All markets (security and intelligence) addressed by the technologies produced by the company remain promising in terms of growth, both in Italy and abroad and allow us to pursue a strategy of product differentiation, geographies and customer types (public and private) in order to make the company increasingly resilient and able to better navigate historical periods characterized by particularly unstable and unpredictable economic, financial and geopolitical contexts”, he concluded.