Everything Blockchain Closing Its 4th Strategic Acquisition

Fleming Island, FL, July 30, 2021 (GLOBE NEWSWIRE) — The whole lot Blockchain, Inc., (OTCMKTS: OBTX), a complicated software program structure, improvement, and providers firm specializing in blockchain applied sciences and decentralized processing, introduced at the moment that its closing the acquisition of 100% of Vengar Applied sciences LLC, developer of a Zero Belief Information Safety software program the Firm intends to combine into its Blockchain options. The $5.05 million acquisition is The whole lot Blockchain’s fourth strategic acquisition within the final 120 days.

Vengar Applied sciences, shaped in 2019, with operations in Texas and headquartered in Tampa, Florida, has developed a Zero Belief Information Safety answer that’s scheduled to look underneath its first OEM license in 2022 with a projection of $45 million in booked income over the following three years.

Zero Belief Community Entry (ZTNA) has changed the standard “citadel & moat” cybersecurity method the place you had been trusted by default should you had been contained in the “trusted” community boundary.  Nevertheless, the standard notion of a community perimeter not exists and there’s no certainty about who could be inside your community or stealing your knowledge. To fight this, an rising development is to implement a “zero-trust” community atmosphere. On this situation, nobody is trusted (whether or not inside or exterior of the community) with out the consumer’s id first being authenticated and utilization rights validated. A lot work has been achieved not too long ago to outline and construct zero-trust community architectures. Nevertheless, a void has remained in making use of zero-trust ideas to knowledge itself. Vengar Applied sciences is the pioneer in bringing zero-trust to knowledge.

Toney Jennings, the co-founder of Vengar Applied sciences will proceed to function the enterprise together with Brandon Hart, Vengar Applied sciences’ co-founder and Chief Architect and Designer.  Toney Jennings is a profitable serial cybersecurity CEO with a profession spanning nearly three many years. Brandon Hart has spent greater than 15 years growing zero belief and knowledge safety options.

Eric Jaffe, the Firm’s Chief Government Officer, said, “The addition of Toney and Brandon to our group stacks The whole lot Blockchain with the brightest minds in Zero Belief and Blockchain.  Our OEM answer gravitates us from the project-oriented enterprise to a sustainable recurring income mannequin.” 

Toney Jennings, Vengar Applied sciences CEO said, “This merger is the wedding of ZTNA and Blockchain.  Brandon and I are excited to work and collaborate with the The whole lot Blockchain group as we transfer into a brand new chapter for Vengar.  We imagine our mixed efforts can have a profound affect on our clients’ means to defend themselves in an more and more hostile cyber atmosphere.”