VANCOUVER, BC and SAN DIEGO, Aug. 3, 2023
/CNW/ -- CyberCatch Holdings, Inc. ("CyberCatch'' or
the "Company") (TSXV: CYBE), an innovative
cybersecurity company offering an AI-enabled platform solution for
continuous compliance and cyber risk mitigation, is pleased to
announce it signed up a record number of customers from a variety
of critical industry segments in North
America in the month of July
2023, totaling approximately $400,000 CAD in sales bookings.
The customers in U.S. and Canada ranged from a large medical healthcare
provider, higher educational institution, regional economic
development corporation, law firm, technology company, housing
development authority, private-equity firm, wealth management and
investment advisory firm, employee benefits consulting firm to
construction industry trade association.
The customers signed up for the company's industry-leading
Software as a Service (SaaS) AI-enabled continuous cybersecurity
compliance and cyber risk mitigation solution and / or advanced
cybersecurity services such as a cybersecurity maturity assessment
and advanced red-team penetration test.
The company is also pleased to announce it generated over
$4,000,000 CAD in new sales pipeline
from demand generation marketing activities in the month of
July 2023, to add to the current
$10,000,000 CAD sales pipeline.
Both the record sales and pipeline generation was from direct
sales and marketing activities.
"We are delighted with the direct sales and demand generation
marketing success and thrilled to finish the current fiscal year
strong with a record month in new sales bookings and pipeline in
July 2023. We are expecting continued
sales bookings growth each month in the new fiscal year as we
continue to execute and stay focused on accelerated sales growth,
especially as we complement our direct sales efforts with key large
sales distribution partners we have signed up and are activating
and will sign up additional ones in the coming months," said Sai
Huda, founder, chairman and CEO, CyberCatch. "We are excited with
the market demand and sales momentum with prospects and customers
in a variety of critical industry segments and look forward to
seeing the sales bookings convert into annual recurring revenue
(ARR) growth in the new fiscal year."
"We have a unique value proposition that enables our customers
to take their cyber risk management to the next level with our
AI-enabled comprehensive solution and advanced cybersecurity
services to mitigate cyber risk continuously and keep our customers
not only in compliance, but also one step ahead of rapidly
increasing cyber threats," continued Sai Huda.
About CyberCatch
CyberCatch Holdings, Inc. (TSXV:CYBE) is a cybersecurity company
that provides a proprietary, artificial intelligence-enabled (AI)
Software-as-a-Service (SaaS) solution that enables continuous
compliance and cyber risk mitigation to organizations in critical
segments, so they can be safe from cyber threats. The CyberCatch
platform focuses on solving the root cause of why cyberattacks are
successful: security holes from control deficiencies. It first
helps implement all mandated and necessary controls, then the
platform automatically and continuously tests the controls from
three dimensions (outside-in, inside-out and social engineering) to
find control failures so one can fix them promptly to stay
compliant and safe from attackers. Learn more at:
https://www.cybercatch.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information: info@cybercatch.com
SOURCE CyberCatch