Visium Technologies, a leading global cyber security and analytics company, has announced the signing of a 3-year $2.5m revolving credit line agreement.
The agreement, with Impact Capital Investments, aims to provide Visium with the necessary financial flexibility to undertake and execute multiple concurrent contracts.
The agreement offers Visium an ability to access capital based on its account receivables and, in certain scenarios, procure mobilisation advances even before the receivables are generated.
Visium Technologies operates as a cyber security solutions provider that uses advanced graph database technology. Their risk-based approach to cyber security, driven by data analytics, provides contextualisation to data, enabling users to make intelligent real-time decisions.
Their flagship technology, TruContext™, developed initially by MITRE Corporation (CyGraph) for the US Army Cyber Command, and later further refined by Visium, offers advanced cyber monitoring intelligence, data visualisation, analytics, and automation. TruContext™ strives to fill in the gaps left by other security tools to simplify cyber security and reduce risk.
This agreement assuages concerns about the company’s ability to execute sizable cyber security contracts presented by their partners ahead of the receipt of payment from the customer. It empowers Visium not only to execute these projects but also to close on these pending contracts simultaneously.
Visium CEO Mark Lucky said, “In anticipation of an increase in sales activity, we secured this credit facility to provide incremental liquidity as we execute our growth strategies. This agreement will provide us with the capital to not only execute on these projects prior to receipt of customer payment but will also enable the Company to close on these pending contracts concurrently.”
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