Shares of Tego Cyber Inc (OTCMKTS:TGCB) ended sharply higher on Friday. Will the rally continue?
Market Reaction
On Friday, TGCB stock went up 17.63% at $0.90 with more than 9.2k shares, compared to its average volume of 5.3k shares. The stock has moved within a range of $0.7000 – 0.8999 after opening the trade at $0.80.
Commences Development of Threat Intelligence Application
Emerging developer of proactive cyber threat intelligence applications and solutions, Tego Cyber Inc (OTCMKTS:TGCB) on November 5, 2021, announced commencing the development of a fresh version of threat intelligence application to be integrated with the Elastic Security SIEM platform.
With over 16,000 paying subscribers, Elastic, a search company built on a free and open heritage, is a new market for Tego’s platform. From the 16,000, thirty-four percent are part of Fortune 2000 and hence demonstrating tremendous potential.
The integration comes after the commercial launch of Tego Guardian Splunk app in the previous month as the company is planning to develop versions of Tego Guardian app.
These will be integrated with additional SIEM platforms like Devo, IBM QRadar, Exabeam Google Chronical, and AT&T Cybersecurity. The ultimate goal is to have a version of Tego available for integration with the top 10 SIEM platforms within the next two years.
Shannon Wilkinson, CEO of Tego Cyber Inc said that the company is keen on the planned rollout after a successful launch on Splunk. Wilkinson added that the initial feedback from prospective clients as well as industry partners has been positive and the goal is to make Tego Guardian widely available for meeting customer needs.
The CEO added that Tego’s Threat Intelligence Platform is highly versatile and will seamlessly integrate within the client’s existing security infrastructure.
Key Quote
Shannon Wilkinson, CEO of Tego Cyber Inc., stated, “We are excited to announce the planned rollout of Tego Guardian on the Elastic Security SIEM platform, following our successful launch on Splunk. Initial feedback from industry partners and prospective clients has been extremely positive. Our goal is to make Tego Guardian widely available to meet the needs of our target customers, regardless of which SIEM platform they are using. The Tego Threat Intelligence Platform is highly versatile and Tego Guardian seamlessly integrates within the client’s existing security infrastructure. In turn, our solutions provide CISOs and global organizations a tremendous ROI by quickly identifying threats to an enterprise network when they occur.”
