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Sunday, April 18, 2021

CyGraph; the Rise of Visium Technologies Inc (OTCMKTS: VISM)

Visium Technologies Inc (OTCMKTS: VISM) is an exciting story in small caps that has been running up the charts in recent days from a start point of $0.0002 to recent highs near half a penny after the Company filed an 8k last week reporting it has paid in full two convertible notes. The stock has quickly attracted legions of new shareholders who are bidding it higher.

There is a lot to get excited about on VISM which looks to be in comeback mode since paying off the toxic debt that decimated the share price. The CEO has been buying stock on the open market according to the filed form 4’s to the tune of about 230 million shares. Visium is pink current recently filing both a 10k and a 10Q; the Company has major multi-national partners such as the George Mason Research Foundation for Cybersecurity Technology as well as Nutanix currently trading for $25 per share on the NASDAQ.

Visium Technologies Inc (OTCMKTS: VISM) is a Florida corporation based in Fairfax, Virginia, focused on global cybersecurity clarity, machine learning, advancing technology and automating services to support enterprises in protecting their most valuable assets – their data, business applications, and IoT on their networks and in the cloud. Visium is a provider of cyber security visualization, analytics, and automation. Visium operates in the traditional cyber security space, as well as in the cloud-based technology and Internet of Things spaces. Visium provides cybersecurity technology solutions, tools, and services to support commercial enterprises and government’s ability to protect their data. Visium’s CyGraph technology provides visualization, advanced cyber monitoring intelligence, data modeling, analytics, and automation to help reduce risk, simplify cyber security, and deliver better security outcomes.

Visium has established a software license agreement with MITRE Corporation to license a patented technology, known as CyGraph that was developed by MITRE, is a tool for cyber warfare analytics, visualization, and knowledge management. CyGraph provides advanced analytics for cybersecurity situational awareness that is scalable, flexible, and comprehensive. For a half century, MITRE has worked as a strategic partner to federal agencies to solve hard problems in cybersecurity. MITRE’s mission-driven teams are dedicated to solving problems for a safer world. Through public-private partnerships, as well as the operation of federally funded R&D centers, we work across government to tackle challenges to the safety, stability, and well-being of our nation.

The Company believes it is well-positioned to accelerate its growth strategy and close several near-term revenue opportunities, as it expects to see its first significant revenue from CyGraph in the coming weeks. CyGraph is a cybersecurity platform that allows its users to quickly turn information into knowledge by providing comprehensive visualization and context. With CyGraph®, network operators are able to have real-time visibility of their security posture and quickly and easily identify potential threats to their assets. CyGraph is a military-grade cybersecurity analytics and visualization platform that delivers a data and analytics-driven approach to cybersecurity which includes: A graph knowledge base about attack vulnerability, threat indicators, and mission dependencies within a network environment. A predictive model of possible attack paths and critical vulnerabilities that correlates network events to known vulnerability paths and The capability to greatly reduce effort within enterprise security operations centers for prevention of, and response to cyberattacks, by providing situational awareness, and assuring business operations are stable and secure.

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Last week Visium reported it has successfully developed their cloud platform to deliver CyGraph via Amazon Web Services. Earlier this year Visium Technologies initiated a corporate strategy to migrate its core CyGraph platform from strictly on-premises deployments to include an AWS cloud Software as a Service solution (SaaS).

VISM CEO Mark Lucky stated:”Visium Technologies is now poised to take advantage of the agility and scalability of the cloud as the cybersecurity delivery platform for CyGraph. The AWS platform is core to our SaaS delivery strategy. We are seeing immediate benefits that validate the economic and strategic benefits of the cloud-based SaaS delivery model. AWS is the leading cloud platform and shares Visium’s commitment to security and agility,” says Lucky. “Early in the planning process, we decided to find an AWS Partner to help us architect the optimal platform to deliver CyGraph easily to the masses. After evaluating several vendors, we chose Logicworks, an experienced cloud migration partner and an AWS Network Premiere Consulting Partner. We were impressed with Logicworks’ experience on AWS and commitment to security and compliance, as demonstrated by their SOC2 certification.”

“AWS is the leading cloud platform and shares Visium’s commitment to security and agility,” says Lucky. “Early in the planning process, we decided to find an AWS Partner to help us architect the optimal platform to deliver CyGraph easily to the masses. After evaluating several vendors, we chose Logicworks, an experienced cloud migration partner and an AWS Network Premiere Consulting Partner. We were impressed with Logicworks’ experience on AWS and commitment to security and compliance, as demonstrated by their SOC2 certification.”

Earlier this year Visium Technologies initiated a corporate strategy to migrate its core CyGraph platform from strictly on-premises deployments to include an AWS cloud Software as a Service solution (SaaS). “Visium Technologies is now poised to take advantage of the agility and scalability of the cloud as the cybersecurity delivery platform for CyGraph,” says Mark Lucky, CEO at Visium Technologies. “The AWS platform is core to our SaaS delivery strategy. We are seeing immediate benefits that validate the economic and strategic benefits of the cloud-based SaaS delivery model.”

Logicworks is an AWS Expert MSP that is annually certified for HIPAA, HITRUST, PCI-DSS, ISO 27001, SOC1, and SOC2. Although Visium Technologies does not have a regulatory compliance requirement, it is critical they provide assurance to their customers of the security of customer data in the cloud. Logicworks helps Visium Technologies satisfy these requirements in order to minimize the day-to-day security management tasks for their in-house team.

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Currently running northbound in a hurry and record breaking volume VISM has managed to attract legions of new shareholders in a hurry. VISM has been making move since the Company reported it  payed off the toxic debt that decimated the share price. The CEO has been buying stock on the open market according to the filed form 4’s to the tune of about 230 million shares. Visium is pink current recently filing both a 10k and a 10Q; the Company has major multi-national partners such as the George Mason Research Foundation for Cybersecurity Technology as well as Nutanix currently trading for $25 per share on the NASDAQ. We will be updating on VISM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VISM.

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Disclosure: we hold no position in VISM either long or short and we have not been compensated for this article.

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