- Cybeats Technologies Inc. was acquired by Scryb in March 2021
- The Company initiated development of its SBOM Studio product subsequent to the acquisition and launched the product in September 2021
- Favourable M&A transactions, market trends and enhanced regulation has validated Cybeats approach and value proposition
- Leadership is now working with advisors to evaluate opportunities that would result in Cybeats being funded in conjunction with a “spin-out” transaction that would result in Cybeats trading independent of Scryb
TORONTO, Dec. 17, 2021 /PRNewswire/ – Scryb Inc. (“Scryb” or the “Company”) (CSE: SCYB) (OTCQB: SCYRF) (Frankfurt: EIY2), an applied intelligence Company, is pleased to provide a comprehensive update on Cybeats cybersecurity technology (“Cybeats”) and growth strategy moving into 2022. Initial development of the Cybeats product suite commenced in 2016 and was acquired by Scryb in March 2021 with the intent of the strategic acquisition to accelerate the product’s path to market and explore potential integration of the Scryb’s AI platform to generate additional value.
In late summer 2021 Cybeats entered the market with a soft commercial launch and…
