UST Global Announces Strategic Investment in Israel-based XM Cyber
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Funding to fuel XM Cyber's Continued Growth and Innovation
(Logo: https://mma.prnewswire.com/media/540539/UST_Global_Logo.jpg )
Commenting on the investment, Sajan Pillai, CEO, UST Global, said, "Investing in XM Cyber is our strategic move towards building an integrated managed security service. Our vision is to enable our global clients to manage their cyber risk with a measurable outcome, by understanding and measuring the highest risks. XM Cyber's APT simulation platform HaXM integrated with the CyberProof Defense Center (CDC) platform is the first managed security service to do this. We look forward to supporting and collaborating on our joint efforts."
"We are proud to be part of this round of funding, coming at a critical juncture in XM Cyber's rapid expansion," said Yuval Wollman, Chief Cyber Officer, UST Global. "This investment includes a strategic sales and integration agreement with CyberProof, UST Global's cyber security subsidiary, to manage cyber risk as a measured outcome. The joint solution will appeal to many of our clients who are seeking to cost effectively reduce their cyber risk exposure."
About UST Global
UST Global is a leading digital technology solutions company that provides advanced computing and digital services to large private and public enterprises around the world. Its clients include Fortune 500 companies in banking and financial services, healthcare, insurance, retail, technology, manufacturing, shipping, and telecom. UST Global believes in building long-lasting, strategic business relationships through agile and client-centric global engagement models that combine local experts and resources with cost, scale, and quality advantages of global operations. For more information, please visit: www.ust-global.com
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