Cybercatch adds new U.S. government reseller partner

Executive Summary

• Cybercatch Holdings Inc. has entered into a strategic reseller agreement with an undisclosed partner to distribute its cybersecurity solutions to U.S. government agencies.
• The partner holds existing multiyear contract vehicles with large U.S. government agencies and intends to add Cybercatch’s solution to these contracts.
• CEO Sai Huda anticipates closing several sales with large annual recurring revenues, marking the third such strategic reseller partnership announced by the company.

Key Details

• Partnership Structure: Cybercatch is partnering with a strategic reseller of best-in-class IT and cybersecurity solutions that has long-term contracts and relationships with various U.S. government agencies.
• Target Market: The agreement focuses on driving sales to U.S. government agencies serving critical infrastructure sectors of the U.S. economy.
• Contract Vehicle: The reseller partner currently holds a multiyear contract vehicle with a large U.S. government agency to supply IT and cybersecurity solutions.
• Implementation Plan: The reseller plans to resell and add Cybercatch's solution as part of this overall existing contract.
• Strategic Context: This is the third strategic reseller partnership announced by Cybercatch, part of a broader strategy to accelerate sales and growth by partnering with world-class sales distributors in select vertical markets.
• Expected Outcome: The company expects to close several sales with large annual recurring revenues from this relationship to aid in cyber-risk mitigation.
• Product Description: Cybercatch provides a proprietary, AI-enabled software-as-a-service (SaaS) solution for continuous compliance and cyber-risk mitigation, focusing on identifying control failures through outside-in, inside-out, and social engineering testing.

Notable Quotes

• "Cybercatch is delighted to accelerate sales of our unique solution to U.S. government agencies via existing contracts already in place by the reseller partner. We expect to close several sales with large annual recurring revenues from this strategic relationship and together make a difference in cyber-risk mitigation," said Sai Huda, chief executive officer, Cybercatch.
• "Partnering with world-class sales distributors is a key strategy to accelerate sales and growth for Cybercatch and this is the third of several more we will be announcing to take advantage of emerging opportunities in select vertical markets and accelerate business growth," continued Mr. Huda.