Shares of Oculus Vision Tech Inc (OTCMKTS:OVTZ) ended sharply higher on Friday on high volume.
Market Action:
On Friday, OVTZ stock surged 28.44% at $0.7414 with more than 1.34 million shares, compared to its average volume of 69.43K shares. The stock has moved within a range of $0.6300 – 1.0600 after opening the trade at $0.6400.
Announces ComplyScan Preliminary Release
Emerging data compliance software company focusing on cyber security and data privacy compliance products, Oculus VisionTechInc (OTCMKTS:OVTZ), and its wholly-owned subsidiary ComplyTrust Inc., on October 29, 2021 announced that ComplyScan cloud-backup compliance reporting product would be distributed and marketed through the products.
A Cloud-native application , it gives automated monitoring as well as reporting of cross-account backup. Furthermore, it is used for workloads for Amazon Web Services. The application also has a user-friendly dashboard providing global visibility across cloud backup/restore footprint. This facilitates RPO/RTO/Vault compliance management of both on-demand backup and on-demand backup as well as restore jobs.
The application also has an alerting system that would be assisting CloudOps managers to rapidly respond to identified problem areas by preventing and mitigating data compliance, besides providing analytics on the overall data protection costs.
For Oculus Vision Tech line of regulatory requirements, there was a need of security and compliance products targeting hybrid cloud as well as cloud-native markets. The initial scan software has AWS Backup API, AWS Lambda, DynamoDB, Kibana , QuickSight, S3, SNS and Slack notification services.
Rowland Perkins, CEO of Oculus Vision Tech said that ComplyScan zealous compliance management would be the first addition to the cloud data protection landscape.
Key Quote
“ComplyScan’s pro-active data compliance management will be a welcome addition to the cloud data protection landscape”, said Rowland Perkins, CEO at Oculus VisionTech.
Technical Data
OVTZ stock is trading above the 20-Day and 50-Day Moving averages of $0.50 and $0.46 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.62. The stock is up 80% so far this year.
