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WhiteHawk Limited (ASX: WHK) is a global pioneer of online cybersecurity exchange which helps small and medium enterprises to act effectively against cybercrime. The company has headquartered in Australia and it provides services to customers worldwide with its useful online tool which helps businesses to take immediate action against cybercrime, fraud, and disruption.
The company today on 6 March 2019, announced a partnership related to the Sales & Service Delivery with EZShield.
EZShield is a leading company of identity theft protection and business cyber security with over fifteen million combined consumers, customers, and strategic partners including financial institutions. It is a pioneer company and an innovator of Identify Theft & Mobile Cybersecurity solutions, with a long history. It also won the 2018 Identity Protection Service Provider Best-in-Class award from Javelin Strategy & Research. [optin-monster-shortcode id="swikrbu1d9j9aq0o4cko"]
The partnership between the companies is jointly focused on an enhanced and affordable offering for both WhiteHawk and EZShield Small and Midsize Enterprise (SME) customers. Through the partnership, the customers of EZShield will be able to receive the WhiteHawk Cyber Risk Profile and customer journey as part of their EZShield subscription going forward within the coming months.
The clients of WhiteHawk including Federal Contractors of the United States, the US Government, and financial sector entities, vendors and customers will receive an integrated service of EZShield Digital Identity Theft Protection coupled with WhiteHawk Cybersecurity Exchange services post this partnership.
As per Terry Roberts, the Executive Chair of WhiteHawk, the partnership between the two companies will benefit both. It will pave a new way for the WhiteHawkâs online combined services to the SME cybersecurity industry, as it will provide foundational cyber resilience support in an affordable and accessible manner.
The company in the recent past has published a preliminary final report. As per the results of the customer engagement survey which was conducted earlier in 2018, the company shifted the sales focus to the U.S. Défense Industrial Base and U.S. Federal Government for the sale of the 360 Cyber Risk Frameworks and strategic partnership proposals with U.S. Financial Institutions and Insurance Groups for SME customer services. Additionally, the company targeted the U.S. Utility sector in the 4th quarter.
WhiteHawk maintains a robust pipeline with more than fifty potential customers. These clients are in mature stages of business development across the Défense Industrial Base, U.S. Government, and Financial/Insurance Sectors. The company expects three additional sales of the 360 Cyber Risk Framework and one Strategic Partnership with a Bank or Insurance Company in the first quarter of 2019. One of the target frameworks has 3,200 companies and the strategic partnerships connect WhiteHawk with many SME customers.
On the price-performance front, the stock of WhiteHawk Limited is trading at $0.071 with the market capitalization of ~$9.0 million as of 6 March 2018 (AEST 03:37 PM). The stock has generated a YTD return of 5.97% and posted significant returns of 54.27%, 39.22% and 10.94% over the last six months, three months and one-month period respectively. It has a 52-week high price of $0.162 and a 52-week low price of $0.039 with an average trading volume of ~3.83 million.
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