Business
Tego Cyber Inc. Provides Fiscal 2021 Year-End Business Update
Tego Cyber Inc. Provides Fiscal 2021 Year-End Business Update.
About this update from Tego Cyber Inc.
[{"type":"text","content":"Reports on successful beta testing of Tego Threat Intelligence Platform and rapid progress towards upcoming commercial launchLAS VEGAS, NV / ACCESSWIRE / September 29, 2021 / Tego Cyber Inc. (OTCQB:TGCB), an emerging developer of proactive cyber threat intelligence applications and solutions, today provided a business update and announced financial results for the fiscal year ended June 30, 2021."We made tremendous progress over the past year, advancing the Tego Threat Intelligence Platform (TTIP) from concept to what is now a fully functional, end-to-end application in advanced beta testing with a global Fortune 500 company," stated Shannon Wilkinson, CEO of Tego Cyber Inc. "I am pleased to report this beta test is going extremely well and represents the final step before the planned commercial launch of TTIP in the coming weeks. This advanced platform is designed to integrate with the widely used Splunk SIEM (Security Information and Event Management) platform. Following completion of the beta test, we will apply and expect to be hosted for direct download through Splunk's app store: Splunkbase, a premier online community marketplace serving major enterprises around the world, in which users can interact and seamlessly download apps and add-ons designed to enhance their cybersecurity infrastructure.""Tego's TTIP platform identifies threats to an enterprise network and provides a detailed report of ‘who, what, when and where,' which is highly differentiated from other applications currently on the market that only identify a threat but do not provide sufficient context to prioritize these threats and take the necessary preventative or remediation actions. Our platform not only automates the cybersecurity process, but also saves organizations a significant amount of time and capital, while reducing risks. Our underlying technology is also highly scalable and can be adapted to integrate with other leading SIEM platforms. The beta test is rapidly nearing completion, and we look forward to launching our product on the Splunk platform."Mrs. Wilkinson continued, "We have now paid off our long-term debt and significantly enhanced our balance sheet through a series of investments. We appreciate the support of these highly sophisticated, long-term investors, which provides further validation of o...