Nubeva Launches Prisms -- Advanced Visibility & Control of Public Cloud Packet Traffic

Disruptive New SaaS Solution Makes Cloud Security, Monitoring & Compliance Easy & Affordable

SAN JOSE, Calif., Sept. 19, 2018 /PRNewswire/ -- Nubeva Technologies Ltd. ("Nubeva" or the "Company") (TSX-V: NBVA, OTC: NBVAF), announced immediate availability of Nubeva Prisms, a next generation SaaS solution that delivers advanced network visibility and control for public clouds such as Microsoft Azure and Amazon AWS.

Organizations moving to the cloud have a responsibility and need to deploy tools to monitor and protect their environments. Fundamental to this function is safely mirroring production traffic inside their cloud to these tools; a function not included in base cloud platforms. Engineered for modern public cloud environments, Nubeva Prisms connects, collects, filters and forwards packet traffic from sources in the cloud to destinations such as cyber security, application / network performance monitoring, and compliance systems; ensuring that the right traffic is delivered to the right tools at the right time.

The Nubeva Prisms system makes use of a zero-touch, smart sensor that creates visibility to intra- and inter- cloud packet traffic from a myriad of computing services including: Virtual Machines (VMs), containers, Kubernetes clusters, and entire networks. With Nubeva Prisms' next generation "split-SaaS model", all customer data stays within the customer's cloud environment while policy-based management and reporting is delivered via a common cloud console; thus, delivering enterprise-level security with SaaS level simplicity. Prisms also includes a complete REST API for easy integration into existing management and automation infrastructures.

"We believe in making best of breed security available to everyone. In the public cloud, that starts with visibility; you cannot protect or monitor what you cannot see," said Randy Chou, CEO at Nubeva. "Prisms was designed in the cloud – for the cloud – and benefits from both our rapid innovation development culture and the fact that we are unencumbered by legacy data-center thinking."

Nubeva's Prisms Sees Strong Early Momentum

Since the soft launch two weeks ago, early adoption has been strong. Spurred by the market's needs for easy-to-deploy and affordable solutions, Nubeva Prisms fills a critical void with advanced functionality and disruptive pricing.

"We are very pleased with the strong early interest we are seeing," said Steve Perkins, Nubeva's CMO. "Early adopters are telling us that they are able to get started in minutes and without a credit card or long purchase process. They appreciate that. Their need for visibility to all – rather than just some - of their cloud traffic makes them interested in Nubeva Prisms. Our ability to deliver a frictionless experience and an easy, advanced and affordable solution quickly engages them."

Nubeva Prisms provides free starter accounts and paid subscriptions based on reserved capacity. The system supports environments as small as 10 monitored sources and scales to larger enterprise needs in excess of 10,000 sources. Nubeva Prisms is priced at a fraction of the cost of alternatives and allows customers to expand their deployments to see more of their cloud for the same budgets of competing solutions.

"This is a new chapter in public cloud critical infrastructure," said Greig Bannister, Nubeva's CTO. "Enterprises large and small expect to be able to see, control and direct all of their data at all times, regardless of whether it's in a public cloud or in their own data center. Nubeva Prisms automatically applies visibility, capture and monitoring rules to any system in their cloud. Prisms eliminates risks of forgetting and delays in manually connecting security and compliance solutions to newly spun up cloud capacity. Prisms extends the ROI of high-priced security, monitoring and compliance tools by feeding them refined and filtered packet-level traffic from sources in the public cloud that were previously unavailable to them because of price or architecture. We've changed the industry's monitoring game in that respect."

About Nubeva Technologies Ltd.

Nubeva Technologies Ltd. develops Software-as-a-Service ("SaaS") software and services that enable enterprises to run best-of-breed cybersecurity in public cloud environments. Nubeva's products provide enhanced visibility and control over network traffic and simplified automation and operation that is essential to run top-tier security technologies and services in the cloud easily and at low costs. With Nubeva, organizations can leverage existing policies, technologies and operations and accelerate their move to the cloud with confidence. San Jose, CA-headquartered Nubeva is committed to the vision of dramatically broader and lower cost availability of the world's best security to confront the rising cyber-crime threat. Visit www.nubeva.com for more information.

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Specifically, there is no assurance that the Pre-Sale Offering or the Token Offering will be completed or as to the amount of proceeds that will be raised. In addition, there is no assurance that the required regulatory approvals can be obtained. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Nubeva Technologies Ltd.

Steve Perkins

Chief Marketing Officer

1(844)538-4638

Marcel Valentin, Investor Relations

Marcel@SophicCapital.com

1(647)697-0498

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SOURCE Nubeva Technologies Ltd.