Nubeva Announces Release of Ransomware Reversal Product

SAN JOSE, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF), a software developer of B2B ransomware solutions, announces the commercial availability of its anticipated ransomware reversal solution.

“With today’s release, we are officially open for business. The initial product is fully functional and has been extensively tested internally and by third parties and is ready to go live to help organizations combat the scourge of ransomware,” said Steve Perkins, CMO of Nubeva. “We have begun to focus on increasing sales and marketing, and we are able to support reviews and take and deliver orders.”

In September 2021, the company announced its Ransomware Reversal capability, a revolutionary new approach to address the growing global threat. Nubeva’s Ransomware Reversal can decrypt (reverse) file and data encryption of almost any ransomware attack without paying the ransom. It is a safety net solution behind firewalls, antivirus-antimalware, and cyber detection and response systems to quickly restore data and bring systems back to normal operation when attacks pass.

“We believe what Nubeva is doing is a game-changer,” said Eric Quinn, CIO of C&S Company, a midsize architecture and construction firm and original Nubeva customer. “Despite all the cybersecurity technologies out there, ransomware still hits people, especially small and medium-sized businesses that don’t have the budget or staff to implement and maintain all of this technology. Our industry has seen several successful attacks and the volume goes up. We can’t afford to be down for days or weeks. The Nubeva solution is simple, affordable, and from our testing it works. For me, it’s a no-brainer decision I hope we never need to use it, but I sleep better knowing we have it.

“I’m very pleased with what we’ve delivered, and I’m very excited about our plans and our potential moving forward,” said Randy Chou, Founder and CEO of Nubeva. “Virtually all entities are targets of ransomware and they are potential customers. We have a lot more innovation that we want to add to the product and we need to start building our sales, marketing and support functions, but I feel very good about our ability to execute.

Nubeva offers its Ransomware Reversal software solution as an annual subscription with multi-year options. The company also offers programs for managed service providers and incident response companies, as well as OEM licensing options.

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To schedule an appointment or demo visit: Contact Nubeva

About Nubeva Technologies Ltd.

Nubeva develops and licenses B2B software for next-generation cybersecurity solutions with a focus on ransomware. The company’s patented and award-winning SKI technology enables advanced decryption solutions, including ransomware reversal – the ability to quickly decrypt and recover from ransomware attacks without paying the ransom, and TLS visibility – the ability to decrypt universally TLS/SSL network traffic enabling deep packet inspection for cybersecurity and application assurance applications. The company licenses its software to enterprise end-users, managed security service providers, incident responders, and manufacturers of cybersecurity solutions and applications.

Forward-looking statements

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and cybersecurity industry outlook. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments, and other factors which have been deemed appropriate, that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on them as the Company cannot guarantee that they will prove to be accurate. Actual results and developments may differ materially from those contemplated by such statements. The statements contained in this press release are made as of the date of this release, and the Company assumes no responsibility to update or revise them to reflect new events or circumstances other than those required by the laws on the applicable securities. The Company undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding the Company, its subsidiaries, their securities or their respective financial or operating results (if any).

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.


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