US cyber-security marketplace launches pre-IPO | Finfeed.com

With the growing security needs coinciding with the Internet of Things (IoT) and Bring Your Own Device (BYOD) trends, as well as increased deployment of web and cloud-based business applications, cyber-security is one of the largest and fastest growing markets in the tech space. The global cyber-security market is currently worth US$147 billion. The US portion of that market alone is US$75 billion, and is expected to grow to US$220 billion by 2020. Global cyber-security spending, moreover, is predicted to exceed US$1 trillion cumulatively over the next five years. Given that in Australia, the number of detected security incidents rose by over 100 per cent in the past year, none of this comes as a huge surprise. On top of this, US$6 trillion worth of cyber-crime damages is predicted to occur annually by the year 2021. These kinds of statistics make the mission of US-based tech company, WhiteHawk, crystal clear. WhiteHawk is a cyber security disruptor co-founded by the former deputy head of US naval intelligence, Terry Roberts. Its goal: to “empower a fearless internet”. WhiteHawk is scheduled to IPO in early December 2017 at 20 cents. The company is currently doing a very small pre-IPO round of $320,000 at 16 cents before listing. Open to sophisticated investors, this offer is currently live on Raisebook.com. (Raisebook is a related entity of Finfeed.com’s parent company S3 Consortium Pty Ltd as defined in Section 9 of the Corporations Act 2001). It’s important to bear in mind that investing in an IPO is highly speculative, so those considering an investment should seek independent professional financial advice. WhiteHawk has created an online marketplace of cyber-security service providers and a patented algorithm that matches companies to their most suited providers. WhiteHawk’s B2B digital cyber-security exchange is the first of its kind, with strong potential for market domination. And with 82 percent of Australian corporate CEOs rating cyber-security as one of their top three risks, there’s a clearly receptive market for this kind of risk-identifying, transparent marketplace.

Source: US cyber-security marketplace launches pre-IPO | Finfeed.com

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