The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBatm Advanced Regulatory News (BVC)

Share Price Information for Batm Advanced (BVC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 18.50
Bid: 17.75
Ask: 18.50
Change: 0.35 (1.93%)
Spread: 0.75 (4.225%)
Open: 18.50
High: 18.50
Low: 18.50
Prev. Close: 18.15
BVC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
24th Apr 20197:00 amRNSAnnual Financial Report - DTR 6.3.5 Disclosure
16th Apr 20197:00 amRNSNew Armed Forces Customer for Cyber Security
5th Apr 20197:00 amRNSReceipt of $14.5m investment in Ador Diagnostics
2nd Apr 20197:00 amRNSHolding(s) in Company
20th Mar 20191:14 pmRNSShare Option Exercise, Issue of Equity and TVR
6th Mar 20197:00 amRNSFinal Results
5th Mar 20197:00 amRNSFirst International Agri-Waste Treatment Contract
27th Feb 20194:34 pmRNSShare Option Exercise, Issue of Equity and TVR
18th Feb 20197:00 amRNSNotice of Results
18th Feb 20197:00 amRNS$3.3m Follow-On Cyber Security Order
4th Feb 20197:00 amRNSAward of $3.2m Cyber Security Contract
28th Jan 20197:00 amRNSInvestment Agreement for $30m
16th Jan 20197:00 amRNSBATM upgrades Kenya education network
27th Dec 20187:00 amRNSHolding(s) in Company
24th Dec 20187:00 amRNSHoldings in Company
13th Dec 201811:31 amRNSShare Option Exercise, Issue of Equity and TVR
3rd Dec 20187:00 amRNSAdvancement of strategic partnership with Arm
29th Nov 20187:00 amRNSCapital Markets Day
28th Nov 201812:10 pmRNSResult of AGM and Directorate Change
26th Nov 20189:56 amRNSHolding(s) in Company
5th Nov 20187:00 amRNSNotice of AGM and Directorate Change
25th Oct 20187:00 amRNSHolding(s) in Company
22nd Oct 20187:00 amRNSHolding(s) in Company
18th Oct 20182:48 pmRNSHolding(s) in Company
11th Oct 20189:44 amRNSOptions Exercise, Issue of Equity and TVR
28th Aug 20187:00 amRNSInterim Results
20th Aug 20187:00 amRNSNotice of Results
8th Aug 20188:28 amRNSAgreement with Cellcom to sell IBC holdings
19th Jul 20181:08 pmRNSShare Option Exercise, Issue of Equity and TVR
17th Jul 20187:00 amRNSLaunch of SD-WAN solution with FatPipe Networks
22nd Jun 20187:00 amRNSHolding(s) in Company
11th Jun 20187:00 amRNSNew Follow-On Cyber Security Contract
6th Jun 201810:04 amRNSResult of Meeting and Grant of Options
4th Jun 20187:00 amRNSJDA and Strategic Investment
8th May 20183:06 pmRNSNotice of Shareholders' Meeting and Options Grant
30th Apr 20182:25 pmRNSAnnual Financial Report - DTR 6.3.5 Disclosure
5th Mar 20187:00 amRNSFinal Results
19th Feb 20187:00 amRNSTrading Update
8th Jan 20187:00 amRNSBATM awarded $4m cyber security contract
13th Dec 20177:00 amRNSLaunch of vSecurity solution with Trend Micro
4th Dec 20177:00 amRNSSale of Property
22nd Nov 20177:00 amRNSKey partnerships established in NFV market
23rd Oct 20177:00 amRNSHolding(s) in Company
18th Oct 20173:22 pmRNSResult of AGM
17th Oct 20177:00 amRNSEuropean government cyber security contract
11th Oct 20177:00 amRNSLaunch of industry's first Arm-based uCPE with NXP
14th Sep 20177:00 amRNSNotice of AGM and Grant of Options
4th Sep 20177:00 amRNSICT Framework Agreement
1st Sep 20172:01 pmRNSHolding(s) in Company
30th Aug 20177:00 amRNSInterim Results

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.