Shares of Scryb Inc. (OTCMKTS:SCYRF) closed higher on the previous trading after announcing key updates.
Market Reaction
On Thursday, SCYRF stock ended flat at $0.1403 with 5.1k shares, compared to its average volume of 23k shares. The stock has moved within a range of $0.1363 – 0.1403 after opening trade at $0.1363.
Scryb Talks About Cybeats Cybersecurity
Applied intelligence company, Scryb Inc. (OTCMKTS:SCYRF) has provided updates regarding Cybeats cybersecurity technology, and their strategy in the year 2022. The Cybeats product suite was being developed from 2016, and it was acquired in March 2021 by Scryb.
Cybeats was soft launched in summer of 2021, after which its first commercial engagement was announced. Critical initiatives now include the expansion of leadership and commercial/sales teams, infrastructure scale-out, and business development activities.
Apart from the initial product suite, integrating elements of Scryb’s platform, has improved functionality, widened the addressable market and more. Thanks to excellent market conditions and promising industry feedback, leadership is exploring several opportunities to speed up growth of Cybeats and enhancing positioning by direct funding and a resulting public spin-out transaction.
The Cybeats product suite provides software developers and device manufacturers with intelligent security applications for software supply chains and IoT connected devices. It also autonomously detects and eliminates cyber threats in real-time. As of now, Cybeats is almost done with its rebranding with the reputed Bluetext agency. The new branding will represent the value and market-needs in a better way for cybersecurity across industries.
There have been advisory board appointments too – Chuck Brooks, Chris Blask, Setu Kulkarni, and Duncan Sparrell have joined the team.
