SAN JOSE, Calif., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Nubeva Technologies Ltd. (TSX-V:NBVA), a pioneer of next-generation decryption solutions, today announced a multi-year software licensing agreement with Empirix, a global leader in network and service performance monitoring, assurance and analytics. The agreement allows Empirix to embed Nubeva’s TLS 1.3 decryption technology into their 5G monitoring solutions so that telecommunication providers can continue to have the visibility they need to operate their networks.
The multi-year agreement strategically positions Nubeva to capitalize on the expected 40% year-over-year growth of the global 5G services market.
“We’re excited about our agreement with Empirix,” said Steve Perkins, Nubeva’s Chief Marketing Officer. “Not only does the partnership facilitate introductions with Tier 1 service providers, but it further validates our breakthrough approach to decryption and the value our solution brings to 5G. Elevating our brand visibility in the 5G market will increase our chances for inclusion in other project areas as well.”
“Embedding Nubeva’s TLS 1.3 decryption technology into our 5G service assurance framework, KLERITY, is both critical and strategic for us and our customers who need it,” said Edoardo Rizzi, Senior Vice President, Product Management and Marketing at Empirix. “It enables us to continue delivering the unprecedented levels of visibility that our customers have come to expect. They can continue to operate their network efficiently without sacrificing security standards.”
Adoption of Nubeva technology has grown along with the proliferation of TLS 1.3 standards, creating disruption amongst legacy options and driving security and application monitoring software providers to build decryption capabilities into their offerings.
Nubeva’s TLS 1.3 decryption solution is available now as a part of their flagship Symmetric Key Intercept technology.
About Empirix
Empirix is a recognized leader in end-to-end test automation, and network and service performance monitoring, assurance and analytics. The world’s largest Communications Service Providers and Enterprises depend on Empirix solutions every day to optimize business processes, reduce operational costs, maximize customer retention and grow top-line revenue. For more information, visit: www.empirix.com
About Nubeva Technologies Ltd.
Nubeva Technologies Ltd. has changed the decrypted visibility game with pure, symmetric decryption. Nubeva helps enterprises decrypt traffic and gain the visibility needed to fully inspect data in motion -- a fundamental to network security and application monitoring and assurance. The shift to SaaS, the cloud, and stronger encryption practices like perfect forward secrecy and TLS 1.3, create new and unique challenges for in-line and out-of-band decryption and visibility solutions. Nubeva re-imagined TLS visibility and created a new solution for the modern era of strong encryption in dynamic and distributed compute environments. Visit nubeva.com for more information.
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:
Nubeva Technologies Ltd.
Steve Perkins, Chief Marketing Officer
1-(844) 538-4638
Chuck Grothaus
cgrothaus@nubeva.com
612-770-0026