Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBatm Advanced Regulatory News (BVC)

Share Price Information for Batm Advanced (BVC)

Share Price is delayed by 15 minutes
Get Live Data
12.60    -0.05 (-0.40%)
Bid:
12.60
Ask:
12.95
Spread: 0.35 (2.778%)
Market Cap: £42.85m
BVC Live PriceLast checked at - London Stock Exchange

Intraday Batm Advanced Share Chart

Cyber Security Agreement and Contract Win

30 Jul 2014 07:00

RNS Number : 6742N
BATM Advanced Communications Ld
30 July 2014
 



30 July 2014

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

 Joint Collaboration and Marketing Agreement with US Software Giant for Cyber Security Solution

CELARE, cyber security subsidiary, awarded first Proof of Concept contract, worth $0.5m, under this joint agreement

 

BATM Advanced Communications Limited (LSE: BVC; TASE: BATM), a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, is pleased to announce that its cyber security subsidiary, CELARE, has established a joint collaboration and marketing agreement with a major US software company ("the Partner") for the implementation and integration of a cyber security monitoring and detection solution for large enterprises.

 

Under the terms of the agreement, CELARE and the Partner will offer an integrated network-based cyber protection system combined with Big Data appliances and software tools. CELARE will provide the cyber platform that performs network functions with integrated DPI analysis and full session reconstruction to produce session statistics, metadata and content reconstruction, which will be transferred to the Partner's Big Data solution for recording and further analysis. The Partner's Big Data solution will gather all analyzed network data and relevant content over a period of time creating an indexed database of network behaviour, to enable the investigation of cyber events and the building of correlations over time.

 

The combined solution addresses the need for overall network perimeter monitoring and protection, from infrastructure to application level, providing decision makers and security professionals with visibility of what is happening within their networks: investigating network behaviour events and automating the detection of network threats by using anomaly algorithms.

 

BATM is also pleased to announce that a major customer has awarded CELARE a proof of concept ("POC") 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 $0.5m 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, through (but not limited to):

 

· Configurable Business intelligence reporting

· Visualization and interception of suspicious network/user behaviour

· Policing the edges of the network in inline mode

· Providing API to third party or customer specific NBAD algorithms

 

BATM anticipates that the Partner will commence offering the solution to selected customers that use their Big Data products from Q4 2014.

 

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are delighted to have signed this joint agreement with one of the world's largest and leading software companies. It reflects the strength of our offering and its mission critical positioning within the network. In addition, we are pleased to have already been awarded a proof of concept contract for this solution, and we look forward to continuing to build this business at a time when governments and organisations are becoming ever more alert to cyber threats."

 

Enquiries

 

BATM Advanced Communications

Dr Zvi Marom, Chief Executive Officer

+972 9866 2525

Ofer Bar-Ner, Chief Financial Officer

finnCap

Stuart Andrews, Henrik Persson

+44 20 7220 0500

Shore Capital

Pascal Keane

+44 20 7408 4090

Luther Pendragon

Harry Chathli, Claire Norbury, Amelia Bullock-Muir

+44 20 7618 9100

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGREAFXNAFNLEAF
Date   Source Headline
26th May 20267:00 amRNSBlock Listing Interim Review
21st Apr 20267:00 amRNSPublication of Annual Report
11th Mar 20267:00 amRNSFull Year Results
3rd Mar 202612:00 pmRNSHolding(s) in Company
10th Feb 20267:00 amRNSSale of Non-core Business
3rd Feb 20267:00 amRNSHolding(s) in Company
2nd Feb 20267:00 amRNSHolding(s) in Company
19th Jan 20267:00 amRNS-RBATM selected as FPT Israel cybersecurity partner
12th Jan 20267:00 amRNSHolding(s) in Company
12th Jan 20267:00 amRNSHolding(s) in Company
8th Jan 202611:00 amRNSTransaction in own shares and Total Voting Rights
2nd Jan 20267:01 amRNSDirector Declaration
2nd Jan 20267:01 amRNSDirector Declaration
2nd Jan 20267:00 amRNSCompletion of Sale of Diagnostics Distributor
2nd Jan 20267:00 amRNSCompletion of Sale of Diagnostics Distributor
29th Dec 20257:00 amRNSAppointment of Chairman and Directorate Change
29th Dec 20257:00 amRNSAppointment of Chairman and Directorate Change
10th Dec 202512:00 pmRNSAGM Result, Directorate Change & AMS Sale Update
1st Dec 20257:00 amRNSTotal Voting Rights
25th Nov 20257:00 amRNSBlock Listing Interim Review
17th Nov 20257:00 amRNSNew Carrier Ethernet Order
5th Nov 20257:00 amRNSNotice of AGM and Directorate Changes
6th Oct 20257:00 amRNSSale of Diagnostics Distributor
26th Sep 20257:00 amRNSDirectorate Change
18th Aug 20257:00 amRNSInterim Results
4th Aug 20257:00 amRNSTotal Voting Rights
24th Jul 20257:00 amRNSSale of Non-Core Businesses and Notice of Results
23rd Jun 20257:00 amRNSDirectorate Change
27th May 20257:00 amRNSBlock Listing Interim Review
12th May 20257:00 amRNSOrder for ultra-high speed encryption development
6th May 20257:00 amRNS-RBATM unveils new brand identity
8th Apr 202511:00 amRNSAnnual Report Publication and AGM Update Statement
27th Mar 20257:00 amRNSNew strategic customer for Edgility in Brazil
17th Mar 20257:00 amRNSFull Year Results
5th Mar 20257:00 amRNSUpdate on Strategy and Trading
24th Feb 20257:00 amRNSHolding(s) in Company
16th Jan 20257:00 amRNSADOR appoints Nadhim Zahawi to lead Advisory Board
19th Dec 20243:30 pmRNSResult of AGM and Director Appointment
19th Dec 20247:00 amRNSNew Tier 1 Customer for Edgility in Mexico
11th Dec 20247:00 amRNSNATlab commences pre-clinical validation
3rd Dec 20247:00 amRNSBlock Listing Interim Review
2nd Dec 20247:00 amRNSBATM receives orders of $2.4m for Edgility
25th Nov 20247:00 amRNSBlock listing Interim Review
14th Nov 202411:00 amRNSNotice of AGM and Proposed Director Appointment
4th Nov 20247:00 amRNSTotal Voting Rights
19th Aug 20247:00 amRNSInterim Results
10th Jul 20247:00 amRNSAmazon Web Services partnership for Edgility
2nd Jul 20247:00 amRNSCommercial markets cybersecurity partnership
3rd Jun 20247:00 amRNSBlock Listing Interim Review
28th May 20247:00 amRNSBlock listing Interim Review

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.