Nubeva Technologies Ltd (OTCMKTS:NBVAF) Stock Gains On Partnership With Arcas Risk Management

As the trading week reaches its final day, investors are going to be intent on looking into those stocks which may have recorded substantial gains on Thursday before making any moves. One of the stocks that may well be on the watch lists of many investors today is the Nubeva Technologies Ltd (OTCMKTS:NBVAF) stock, which ended up with gains of as much as 14% yesterday.

Trading Data

On Thursday, NBVAF stock surged 14% to $0.71 with more than 5K shares, compared to its average volume of 8.7K shares. The stock moved within a range of $0.6940 – 0.7100 after opening trade at $0.6940.

About Nubeva Technologies

The company is involved in the development and licensing of business-to-business advanced software solutions which are primarily focused on ransomware. The secret sauce for Nubeva Technologies is its SKI technology, which has already become a major name in the business circle after having won awards.

The product is best known for offering not only quick ransomware reversal but also known for offering TLS Visibility. Nubeva Technologies conducts its business by licensing its software to businesses and entities involved in a range of sectors.

Nubeva Announces Partnership with Arcas Risk Management To Enable Robust Ransomware Incident Response and Monitoring Services

The company had come into focus among investors on Thursday after it made an announcement with regards to a strategic partnership. The strategic partnership in question had been signed with the major cyber risk management firm Arcas Risk Management Inc. Arcas is best known for providing highly specialized quality services to small to mid-sized firms that were originally only available to large-sized firms.

As part of the strategic partnership, Nubeva Technologies is going to be involved in the live response engagement segment that is being offered by Arcas. Robert Fitzgeral, the Chief Executive Officer of Arcas noted that Nubeva’s software had been used in order to provide ransomware protection.

One of the most important things to keep in mind with regard to the Ransomware Reversal solution from Nubeva Technologies is the fact that it is quick and allows the victims to protect their data without actually paying the ransom in most cases.

As the world grows more and more connected, it is only natural for companies like Nubeva Technologies to gain more importance as ransomware becomes a major menace. This morning it is going to be interesting to see if the company’s stock rises further or not.

Key Quote

“As a part of a live response engagement, we deployed Nubeva to protect against ransomware reinfection, which is common when restoring systems from back-ups,” said Robert Fitzgerald, CEO of Arcas Risk Management. “Arcas Risk was able to get the customer back online quickly and with greater assurance for our customer. Following the engagement, we sold the customer on a network-wide deployment to protect against future ransomware attacks and hope to repeat with all of our customers.”