Zyber kicks off Proof of Concept trials with Abstractive

Published at Mar 24, 2016, in Technology

Barely a month after listing on the ASX, Zyber Holdings Ltd (ASX:ZYB) has announced the first of its Proof of Concept (POC) trials with Abstractive Technology Consulting.

Abstractive is a Canadian-based systems integrator specializing in Relationship Management (CRM), Business Intelligence (BI), and Enterprise Content Management (ECM) as well as operating as a software re-seller for software vendors in North America.

Its clients include in both the commercial and government sectors, who require data to be securely transported and stored.

Zyber’s cyber security platform gives enterprises the ability to track and securely share files between its staff in a seamless, user-friendly way.

As part of the trials, Zyber will provide Abstractive with a straightforward and secure way of collating data from dozens of peripheral sources for storage at a centralized hub. Zyber’s secure file storage platform will work alongside Abstrative’s existing applications to evaluate its effectiveness. By enabling firms to collect data from multiple sources and securely collating it within an encrypted working environment, Zyber hopes to grab a significant share of the growing market for IT security and data protection.

Zyber’s platform is currently being assessed by four large Canadian companies with annual revenues in excess of C$100 million each, although ZYB is understandably tight-lipped as to who they are for commercial and privacy reasons.

Commenting on the POC trials, Zyber CEO Clay Epstein said, “Since completing our capital raise in January, we are encouraged by the level of interest from customers both locally and abroad in our secure file sharing solution. Abstractive’s expertise will be a key factor in assisting Zyber with penetrating the government sector and we are very excited to be partnering with them.”

Clay Epstein ZYB and Fred Lee Abstractive

Zyber CEO Mr. Clay Epstein (left) and Abstractive VP Mr. Fred Lee (right)

Abstractive VP Fred Lee said, “We are excited to collaborate with Zyber to provide an integrated file synchronization solution that is manageable, secure and deployable in multiple environments. We believe this will be a significant value-add for those prospects and customers that require stringent security for their digital assets.”

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.