Multi-year agreement includes over one million dollars in upfront payments
Nubeva Technologies announced a seven figure, multi-year license agreement of its Ransomware Reversal solution that includes over one million dollars in upfront payment. The customer wishes to remain confidential for security purposes.
Following a growing series of decryption successes against ransomware by Nubeva, including attacks from threat actors such as Lockbit, Royal, Conti, Ragnar Locker, Blackcat, Hive, and many others, the global enterprise company has chosen Nubeva’s Ransomware Reversal solution to enhance its strategy for ransomware attacks. The sale will enable the customer to utilize Nubeva’s next-generation decryption technology to combat attacks.
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Nubeva’s patented sensor technology provides a new kind of layered protection against ransomware. The endpoint software is deployed on clients and servers in the customer’s environment. The sensor can detect ransomware file encryptions and intercept the crypto-keys used to encrypt the files in the first place. With the keys “in hand” there is no reason to buy them back via paying ransoms. Instead, Nubeva provides decryptors that use the intercepted keys to decrypt without paying ransoms.
“After months of deep technical testing, the customer validated our technology and its value in the fight against ransomware,” said Randy Chou, Nubeva CEO and founder. “Today, we now have hundreds of thousands of our sensor technology deployed, and we have a growing pipeline of large opportunities. We feel very good about Nubeva’s outlook. This major win goes a long way to establish confidence with other prospects and potential partners.”
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