San Jose, California, March 24, 2021 (GLOBE NEWSWIRE) -- SAN JOSE, Calif., March 23, 2021 – Nubeva Technologies Ltd. (TSX-V: NBVA), a developer of decryption software that broadens network traffic security and visibility, today announced a software license agreement with Megazone Cloud, a leading cloud-managed service provider (MSP) based in Asia. This agreement will enable Megazone to expand their Network Security product suite to answer the TLS visibility challenge in modern cloud and on-prem networks with simplified, high performance, lower cost decryption.
“We are thrilled to be working with a market leader and visionary like Megazone Cloud,” said Steve Perkins, Nubeva’s Chief Marketing Officer. “The application of our TLS visibility product, to their already leading cloud services suite, will bring back visibility and control to their security operations team. This partnership further validates our technology and opens up the Asia Pacific theater for us with a great partner in Megazone.”.”
The majority of network traffic today is encrypted with the TLS encryption protocol. Nubeva’s breakthrough technology discovers and extracts individual session secrets from TLS servers and TLS clients during their communications. Then, makes the session-specific keys available to authorized enterprise tools and systems for faster and easier decryption of network traffic. Nubeva enables vital full packet inspection of the data moving around networks.
“As microservice architectures and containers are becoming the de facto in the web services, Nubeva brings in the ‘’Key’ technology to the industry,” said Max Lee, CEO & Founder of Megazone. “Up until now, it was very costly and inefficient to monitor and control encrypted network traffic. With help from Nubeva's technology, we can bring back the visibility and control to our customers and prospects with a minimum integration effort and without changing the architecture of the existing environment.”
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About Nubeva Technologies Ltd.
Nubeva Technologies Ltd. Nubeva develops and licenses proprietary software for the decryption of network traffic. Nubeva’s next-generation SKI (Session Key Intercept) technology represents a better, faster, easier, and lower-cost alternative to legacy decryption. Our solution provides a complete option for manufacturers, integrators, and managed services providers of cybersecurity and application assurance solutions. Today, nearly all network traffic uses TLS (formerly SSL) for security and privacy. Yet, enterprises still must see the data-in-motion to detect and respond to cybersecurity threats and application performance issues. With constant evolution in TLS protocols and the advancements in application, network, and computing architectures, gaps continue to grow in the legacy decryption methods. Nubeva’s SKI technology represents the next-generation solution for the industry moving forward. Visit nubeva.com for more information.
About Megazone:
Megazone Cloud is one of the largest cloud-managed service providers (MSP) in the Asia Pacific region. Since its foundation in 1998, the company has offered business-to-business IT services and currently boasts over 1,300 experts. Megazone Cloud is Korea’s first AWS Premier Consulting Partner is leading the development of the cloud market in the APAC region. Recently, the company has been actively expanding its global market by establishing overseas subsidiaries in the United States, Japan, China, and others. Megazone reported revenues of approximately $372 million in cloud transformation and operations management in 2019, with sales of up to approximately $478 million in 2020. Megazone's customer companies range from big companies such as Samsung Electronics Co. and LG Electronics Inc. to financial institutes and start-ups.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments, and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
For additional information, please contact: Mary Korus mkorus@nubeva.com - Director of Marketing 7146795180