TMCnet News
BATM Advanced's Unit CELARE In Cyber Security Deal, Wins Contract; Stock Up(dpa-AFX International Compact Via Acquire Media NewsEdge) LONDON (dpa-AFX) - BATM Advanced Communications Limited (BVC.L), a provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, Wednesday announced that its cyber security subsidiary, CELARE, has established a joint collaboration and marketing agreement with a major US software company. The agreement is for the implementation and integration of a cyber security monitoring and detection solution for large enterprises. Under the deal terms, CELARE and the Partner will offer an integrated network-based cyber protection system combined with Big Data appliances and software tools. BATM also announced that a major customer has awarded CELARE a proof of concept cyber-security contract for the combined solution. CELARE will integrate its cyber switches and software with the Partner's Big Data appliances and other software tools. The POC contract has an initial value of at least $0.5 million and will end during early 2015. Under the terms of the contract, CELARE's solution will provide a set of investigations and analytics tools that will enable the customer's security managers to investigate suspicious network behaviour in real time or offline using recorded data. In London, BATM shares are currently trading at 17.58 pence, up 0.46 pence or 2.67 percent. Copyright RTT News/dpa-AFX |