HUB Cyber Security, a developer of confidential computing cybersecurity solutions, has successfully acquired QPoint Technologies, aligning with its mission to establish a leading global secure data fabric ecosystem. QPoint, established in 2009, brings a diverse customer base of over 100 renowned brand clients, including partnerships with entities like Rafael Advanced Defense Systems and the Ministry of Defense of Israel. With expertise in various domains such as software engineering, cybersecurity, and project management, QPoint’s integration enhances HUB’s capabilities in safeguarding sensitive information across sectors like healthcare, government, energy, defense, and finance.
The acquisition significantly broadens HUB’s customer base and service offerings, providing a cross-selling opportunity and expanding market reach. QPoint’s robust financial health, with an annual revenue of approximately $26 million in FY23 and a year-over-year customer growth rate exceeding 80%, further enhances the value of the acquisition. Noah Hershcoviz, CEO of HUB, emphasized the strategic importance of the acquisition, stating it strengthens their cybersecurity infrastructure and operational resilience while driving shareholder value. This integration marks a significant milestone in HUB’s journey towards establishing a comprehensive cybersecurity framework, demonstrating their commitment to their mission and shareholders.
