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- Cybersecurity company WhiteHawk (WHK) was up more than 50 per cent today after securing a five-year contract with the U.S. Federal Government
- The company will supply its annual software-as-a-service (SaaS) subscription service, Cyber Risk Radar, which identifies and prioritises cyber and business risks for companies
- WhiteHawk’s Cyber Risk scorecards are then provided online every quarter to between 150 and 300 vendors
- The contract will generate a base revenue of US$580,000 (around A$809,388) per year with an additional US$600,000 (around A$837,298) in services
- WhiteHawk is still up a healthy 48.9 per cent and shares are trading for 14 cents each
Cybersecurity company WhiteHawk (WHK) was up more than 50 per cent today after securing a five-year contract with the U.S. Federal Government.
WhiteHawk will supply its Cyber Risk Radar, an annual software-as-a-service (SaaS) subscription service that consists of quarterly services such as Cyber Risk Scorecards and Cyber Risk Portfolio Reports.
Further, it enables continuous monitoring and prioritisation of a company’s staff, vendors, and supply chain risks over time.
WhiteHawk’s Cyber Risk scorecards will be provided online every quarter to between 150 and 300 vendors.
The contract will generate a base revenue of US$580,000 (around A$809,388) per year, with an additional US$600,000 (around A$837,298) in services each year, for up to a five year period.
“After a very successful proof of value early last year, now we are putting in place our first five-year Cyber Risk Radar contract with a sophisticated U.S. Government CIO (Chief Information Officer), who will work with us to take the capabilities of our platform and visual services to the next level,” Executive Chair Terry Roberts said.
WhiteHawk is still up a healthy 48.9 per cent and shares are trading for 14 cents each at 1:02 pm AEST.
