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Market Brief: Actelis Networks' Strategic SaaS Move: A Bold Move in IoT Security Shakes the Market

08-21-2024 04:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Market Brief: Actelis Networks' Strategic SaaS Move: A Bold Move

What made Actelis Networks' stock (NASDAQ: ASNS) soar in after-hours trading? And what is 'Cyber Aware Networking'?

Actelis Networks (NASDAQ: ASNS), recognized for its leadership in cyber-hardened, rapid-deployment networking solutions, just announced [https://finance.yahoo.com/news/actelis-announces-strategic-partnership-launch-200500116.html] a strategic partnership as part of its plans to introduce an AI-driven cybersecurity Software-as-a-Service (SaaS) platform. This significant announcement sparked a strong market reaction, with Actelis' stock surging by over 25% as of the time of writing this article

This dramatic market response highlights the potential impact of Actelis' addition of strong SaaS component to its operation, particularly in enhancing the security of Internet of Things (IoT) networks. The new solution integrates advanced AI capabilities into Actelis' 'Cyber Aware Networking' initiative, focusing on safeguarding IoT devices, especially those at the network edge, from cyber threats through real-time detection and intervention.

Financially, the move seems strategically savvy. While many SaaS companies operate at a loss, Actelis may be on the cusp of breaking even, recently achieving [https://marketsherald.com/actelis-networks-posts-strong-q2-2024-results-with-372-sequential-revenue-growth-and-positive-ebitda/] its first positive Non-GAAP adjusted EBITDA in Q2 2024 since 2022. By combining its established hardware business with a new recurring SaaS revenue stream, Actelis is positioning itself for higher market valuations and long-term growth.

A significant advantage for Actelis is its large, existing customer base, with tens of thousands of devices deployed globally across critical infrastructure networks. This provides a unique opportunity for swift market penetration, as the company can leverage existing relationships to upsell its new SaaS solution. Additionally, by partnering with an advanced cybersecurity provider, Actelis is reducing development costs and accelerating time-to-market, enabling it to quickly seize opportunities in the growing IoT security market.

The timing of this launch is particularly favorable, given the global IoT security market's projected growth to $306 billion by 2032. As sectors like government, utilities, and transportation expand their IoT infrastructure, the need for robust cybersecurity solutions intensifies. Actelis' new offering is well-positioned to meet this demand, reinforcing its leadership in the cybersecurity landscape.

In summary, Actelis Networks' strategic pivot into SaaS could significantly enhance its market position, leveraging its robust hardware foundation and strategic partnerships to drive growth in the expanding IoT security sector.

Image: https://www.abnewswire.com/uploads/dda1850c371baeb3bc59d625540e5771.png

This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, reccomendation or endorsement. Please review the full documentation [https://justpaste.it/ecto7/pdf] detailing financial compensation disclosures and disclaimers the article is subject to. https://justpaste.it/ecto7/pdf. Global Markets News Network is a compensated to publish and syndicate commentary and exploration into innovative companies and industries and it is subject to conflicts of interest.

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