Root9b Technologies Inc (OTCMKTS:RTNB) has gained a lot of popularity in the past few weeks. The company rose from #216 to #45 on the Cyber Security 500 ranking, a prestigious directory of the top 500 hottest and most innovative cyber security companies. Previously, the company was also covered in Cyber Security Ventures Q2 Market Report. After an unimpressive financial performance, Root9b is now looking towards restructuring of its business.
As part of the new plans, Root9b will divert most of its focus towards cyber security, while slowly phasing out energy solutions. Several analysts are of the view that the new plans just might deliver what is expected of the company. Soon after the plans were executed, Root9b landed a new contract with a Fortune 500 company. As per the details of the contract Root9b will concentrate on enhancing the company’s network security.
RTNB plans to use its Active Adversary Pursuit platform to identify, trace and remove and cyber threats posed to the company’s system. The RTNB platform has proved to be a valuable asset for the company in particular and the cyber security industry in general. Recently, the platform was able to identify a potential hacking threat to a number of financial institutions and also traced it back to a well known Russian group of hackers. Additionally, the platform is a very flexible one and can be tailored to any of the clients business needs.
Hackers seem to have found ways around passive detection systems and often make use of custom malware to bypass security systems. However, RTNB has been concentrating on active defense systems, which are monitored by a team of specialists. RTNB has plans to add more personnel and expand their global outreach. Additionally, the company is engaging with a number of clients for potential marketing of its active defense platform.
Root9b Technologies Inc (OTCMKTS:RTNB) closed at $2.07 on May 26, with a total of 72.45 million shares changing hands in the session.