Nanaimo security firm receives tech award

NANAIMO – Hyas developing technology to keep information safe from security breaches.

Nanaimo-based cybersecurity firm Hyas secured top honours at the 2016 Banff Venture Forum, garnering the coveted best startup award in a competitive field.

Beating well-funded biotech and fintech companies, Hyas’ ground-breaking information security offerings won praise from the panel of U.S. and Canadian venture capitalists. Hyas adds this recognition to other prestigious awards, including the FBI Director’s Award for Excellence and Microsoft’s Global Heroes Award.

“We are incredibly humbled to receive such an honour,” said Chris Davis, founder and chief technical officer of Hyas, in a press release. “We have been getting very positive industry feedback on the upcoming release of Comox, our threat intelligence and attribution platform.

“To see the venture capital community’s strong interest in Hyas technology and recognition of this fast-growing market is very encouraging.”

Already in limited release with leading financial institutions, Fortune 500 companies, international law enforcement agencies and all major security companies, Comox acts as a ‘force multiplier’ for institutions which are having to work harder to protect themselves from breaches that can run into the millions of dollars.

For these companies, Hyas technology makes their security operation centres much more effective, vastly increasing the accuracy of their findings and allowing them to quickly respond to potential threats.

Founded by a team of security researchers, analysts and entrepreneurs, Hyas is an information security firm developing the next generation of information security technology for the enterprise, SMB and consumer markets.

Banff Venture Forum is Canada’s premier company financing event designed to showcase the hottest hi-tech companies from across North America, offer insight into key issues, provide a premium networking opportunity and give companies a chance to learn from professionals in the investment community.