HUB Cyber Security Acquires QPoint Technologies, Advancing its Plans for a Secured Data Fabric Ecosystem

April 4, 2024

https://www.globenewswire.com/news-release/2024/04/04/2857696/0/en/HUB-Cyber-Security-Acquires-QPoint-Technologies-Advancing-its-Plans-for-a-Secured-Data-Fabric-Ecosystem.html

TEL AVIV, Israel, April 04, 2024 (GLOBE NEWSWIRE) — via IBN — HUB Cyber Security Ltd (Nasdaq:HUBC), a developer of confidential computing cybersecurity solutions and services (“HUB” or the “Company”), is pleased to announce the successful acquisition for cash of Qpoint Technologies (“Qpoint”). Following this acquisition HUB holds 100% of QPoint. This acquisition is strategically aligned with HUB’s mission to establish a leading global secure data fabric ecosystem. QPoint, boasting a diverse customer base of over 100 renowned brand clients, including partnerships with Rafael Advanced Defense Systems, the developer of the “Iron Dome”, the Israel Airport Authority and the Ministry of Defense of Israel.

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