- Cybeats secures a significant contract expansion with Emerson, doubling the managed software assets.
- Emerson strengthens its cybersecurity posture with enhanced SBOM management capabilities.
- Cybeats boasts a 148% net revenue retention rate, underscoring strong client satisfaction and growth.
Cybeats Technologies Corp. (CSE: CYBT) recently announced a significant expansion of its contract with Emerson Electric Co. (EMR, Financial), a global leader in industrial automation. Effective April 1, 2025, this agreement sees Emerson doubling the number of software assets managed through Cybeats' solutions, marking its second license expansion with Cybeats.
Dave Berndt, Product Security Officer for measurement instrumentation at Emerson (EMR, Financial), emphasized the importance of securing the product supply chain with Cybeats' SBOM Studio. The platform offers visibility and automation needed to address large-scale security challenges, a critical component of modern cybersecurity infrastructure.
This contract expansion, which aligns with increasing regulatory pressures, underscores Cybeats' strong performance in client retention, as evidenced by their impressive 148% net revenue retention rate. This metric highlights Cybeats' ability to not only retain clients but to expand their relationships, reinforcing its market position in the software supply chain security sector.
Emerson's continued commitment to advancing its cybersecurity strategy by leveraging Cybeats' SBOM solutions demonstrates an ongoing trust in Cybeats' capabilities to streamline compliance and enhance supply chain transparency, further securing their software supply chain against evolving threats.
