Earlier, in August, Cybergy Partners, a wholly-owned subsidiary of Cybergy Holdings, Inc. (OTCQB:CYBG), announced that its subsidiary Cybergy Labs has been selected as a FireEye Fuel Partner. That’s a major boost for a company trading on the OTC platform to be associated and gain recognition from a NASDAQ listed company, in this case FireEye, Inc.’s (NASDAQ:FEYE). Shares of FireEye, Inc.’s (NASDAQ:FEYE) are currently trading at $30.41 with more than 3.29M shares in trading volume today so far.
As per the press release, “the core of the FireEye platform is a virtual execution engine known as the Multi-Vector Virtual Execution (MVX) engine and it is complemented by the cloud-based Dynamic Threat Intelligence (DTI) network. MVX offers real-time analysis of a user’s computer network to find any anomalies associated with today’s new breed of cyber-threats such as insider, unknown, and advanced persistent threats.”
The press release further highlights that Cybergy Partners’ customers will have easy access to the FireEye suite of products along with the Mandiant incident response investigation services supported by the SmartFile sensor network. The SmartFile electronic tagging system also allows users to monitor who accesses any tagged file, where, and how often, along with a suite of cybersecurity products associated with FireEye, Inc.’s (NASDAQ:FEYE) FireEye Threat Prevention Platform. More info on the press release can be found here .
Since then, Cybergy Labs has entered into a partnership with Binary Group to bring together its proprietary SmartFile electronic tagging system with Binary’s data analytics and business intelligence capabilities. The result of this partnership will bring enhanced cybersecurity to the “Internet of Things,” specifically, to the documents (electronic files) that bring them all together. Below is the chart for CYBG:
In spite of all the recent advances, shares of Cybergy Holdings Inc(OTCMKTS:CYBG) are trading at 0.0970 with an average daily volume of 50,179K shares. So, if you’re willing to trade the stock, you should be extremely careful and keep your eyes peeled at all times. But what if you’re looking for a more serious investment? Does CYBG fit the bill on that front?